Long-term unemployment in Romania has grown in both absolute and relative terms in the last few years, leading to increased expenditures--both absolutely and in relation to unemployment benefits--for the support allowance and social assistance programs and for pensions to labor force drop-outs....

Less restrictive product market policies are crucial in promoting convergence to higher levels of GDP per capita. This paper benchmarks product market policies in Romania to those of the OECD countries by estimating OECD indicators of Product Market Regulation (PMR). The PMR indicators allow a...

The paper investigates the taxonomy of the households participating in informal activities in Romania using econometric and clusters analysis. The models employed consider that the economy consists of three sectors: formal, informal and public. Only economic agents and workers in the formal...

The process of European Union enlargement brings both economic benefits and costs to Eastern European candidate countries. While the latter are in general more visible directly and frequently occur in the short run, the former are more difficult to quantify and not that obvious for the taxpayer...

Less restrictive product market policies are crucial in promoting convergence to higher levels of GDP per capita. This paper benchmarks product market policies in Romania to those of OECD countries by estimating OECD indicators of Product Market Regulation (PMR). The PMR indicators allow a...