The study defines the three types of convergence – institutional, nominal and real ones –, the connection among them and their main measurement indicators. 

The main objective of the present approach is, first of all, to analyse the "transaction costs" concept and then to prove scientifically the relation transaction costs – institutions.

This paper focuses on the role of institutions in enhancing economic growth. Attention to the institutional environment has become increasingly common in economic history and it has deeply enriched our understanding of how economies develop through time. Economic development is no longer...

Romanian Abstract: Articolul analizează influenţele ce au determinat tendinţele cotaţiilor cerealelor (grâu și porumb) la Bursa Agricolă de la Chicago, identificând situaţiile caracteristice pieţei internaţionale din anul 2015 și perspective pentru 2016. De asemenea, lucrarea...

This survey analyzes two types of models: 1. Models based on assumptions of monetary and financial market equilibrium disturbance in line with mainstream thinking to believe that is self-regulating market, the units would have rational expectations, an the crisis would be a temporary phenomenon...

The analysis of the profitability is a central point of the economic and financial system indicators at the microeconomic level. All the entities the firm has business with are directly interested in the positive result of its activity. We present a logical approach of the main possibilities for...