Global Economic Observer

Articles from Vol. 1, No. 2, 2013

A Case Study of China's Wind Power Resources *
IntroductionIn 2012, China was the largest producer and the second largest consumer of primary energy in the world. However, China is under the increasing pressure to change its traditional energy structure. In order to reduce GHS emissions and to use...
A Mathematical Model for Assessing the Factoring Activity
(ProQuest: ... denotes formulae omitted.)IntroductionIn international practice (according to1 The Convention of Ottawa / May 1988 - The International Institute for Unification of Private Law in Rome) factoring is defined as a contract relationship between...
Attitudes and Perception in Consumer's Insurance Decision
IntroductionThis study aims to assess the degree in which formed attitudes and consumer perception influences the insurance decision and if women display a common trait of less risk-seeking behaviour than men in insurance decision-making.lt is common...
Beyond the Limits of Crisis
IntroductionThe previous economic downturns have placed significant strains both on the real economy and the economic theory. Policymakers have been struggling to rise to the challenge, but as Stiglitz (2003) points out, in the process of shock therapy,...
Common Agricultural Policy - the Main Driver of Sustainable Rural Development in European Union
IntroductionIs the Common Agricultural Policy still necessary in the current EU financing context?It must be specified that the term "common policy" reflects one of defining features of the CAP, namely that for around 90% of the agricultural production,...
Corporate Financial Distress and Bankruptcy: A Comparative Analysis in France, Italy and Spain
(ProQuest: ... denotes formulae omitted.)IntroductionBusiness failure has been widely studied since the seminal papers of Beaver (1966) and Altman (1968). A large ammount of the literature is devoted to analyze the firms' survival and to investigate...
Investment Funds Industry in Romania
IntroductionA mutual investment fund is a diversified portofolio of stocks, bonds, or other securities run by an investment management company. Funds must register with the a public authority (CNVM) and must comply with specific requirements. These regulations...
Joseph Stiglitz's Price of Inequality Seems Too High for Future Generations
JOSEPH STIGLITZ'S PRICE OF INEQUALITY SEEMS TOO HIGH FOR FUTURE GENERATIONS (Joseph Stiglitz: The Price of Inequality, Publica, Bucharest, 2013)1. Stiglitz's main considerations on social inequality in USAAmong the well-known Nobel prize laureates Joseph...
Microeconomic Analysis in Competition Policy
(ProQuest: ... denotes formulae omitted.)IntroductionIn this article I will present the principles and economic models used in the analysis of anticompetitive practices by competition authorities and the main challenges in this area. In the last half...
Parametric Distribution Families Useful for Modelling Non-Life Insurance Payments Data. Tail Behaviour
[Reference]References* Cumiara R. - An actuarial model based on composite Weibidl-Pareto distribution - 2006, Mathematical Reports Vol 8 (58), nr. 4/2006* Cooray M. and Ananda M.M.A., Modeling actuarial data with a composite lognormal-P areto model....
Parametric Insurance Cover for Natural Catastrophe Risks
J.E.L. Classification:IntroductionWe witness during the last three decades to a significant increase in the economic costs of natural disasters. Thus, if in the 80's these costs (adjusted for inflation) have raised to an annual average of 25 billion...
Sweden and Turkey: Two Models of Welfare State in Europe
Introduction - the concept of welfare stateAs stated in the literature in the field (Pierson, Castle, 2010), the current challenges of the new contemporary economies (globalization, European integration, demographic and political changes) have made necessary...
The Fiscal Federalism and the Good Economic Governance in European Union *
IntroductionThe integration of the new member states from Central and Eastern Europe have changed the whole architecture of the European Union, creating pressure for a deeper economic integration. In the context of the recent financial crisis, the EU...
The OEM-Obm Debate: Factors Influencing Chinese Firms' Branding Decisions in Their Internationalisation Process
IntroductionThe emergence of Chinese brands into international markets is a topic of importance for both the Chinese and their potential Western competitors. For the Chinese, it is a question of acquiring competitive strengths, exploiting market opportunities...
The Situation of Iraqi Oil Industry and Its Prospects
IntroductionIraq is now a major player on the world oil market and was able to restore a large part of its production capacities and to resume a robust economic growth despite the violence, teiTorist activities and heavy political disputes. The former...
The Social Network Sites and the Governance of the Sustainable Development
IntroductionThe transformation process towards a sustainable economy requires significant progress in knowledge, human creativity and universal participation. It is clear now that new institutions are necessary to be designed and enforced, in order to...
Trade Promotion Approaches to Streng Then the International Competitiveness of Enterprises
IntroductionInternational trade depends on a range of factors that may change in the future and influence not only the extent but also the nature and impact of trade.Trade is principally driven by countries' production possibilities, which can be described,...
Windows of Opportunity in China - Cee Economic Relations *
IntroductionThe Central and Eastern European countries (CEE) share an old, constant and strong friendship relation with China. In spite of the huge geographic distance that separates them from China, in spite of the cultural differences, the languages...
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