Results of the project

Realized results

Stage 2015 (used budget: 85.800 RON)

• • Interim report no. 1 

  • Procurements: AMADEUS database acces, EViews licences, computers

Stage 2016 (used budget: 226.406 RON)

• • Interim report no. 2 

  • 9 papers presented in conferences: 

1. Shadow economy, tax policies, institutional weakness and financial stability in selected OECD countries (MakeLearn &TIIM, 2016); 

2. The interdependence between Italian firms’ access to finance and their probability of default (MakeLearn &TIIM, 2016);

3. What we understand by financial stability: text analysis with network approach (MakeLearn &TIIM, 2016);

4. Comparison between entrepreneurship education in Romania and Greece - the case of two higher education institutions (ERiE, 2016); 

5. Stock prices, inflation and inflation uncertainty in the U.S.: Testing the long-run relationship considering Dow Jones sector indexes (GDRE, 2016); 

6. Fiscal policy, FDI and macroeconomic stabilization (GEBA 2016);

7. The long-run impact of monetary policy uncertainty and banking stability on inward FDI in EU countries (GEBA, 2016); 

8. The working capital and liquidity’s role in explaining the Italians’ firms profitability around the recent financial crisis (RMEE, 2016);

9. The loss of interest for the euro in Romania (MRC, 2016).

• 3 research stages: 

1. Claudiu Albulescu (Poitiers)

2. Bogdan Ianc (Orleans)

3. Adrian Ionescu (Orleans)

• 10 papers sent for publications or published in journals or conference proceedings: 

1. Shadow economy, tax policies, institutional weakness and financial stability in selected OECD countries (published by Economics Bulletin); 

2. Entrepreneurial activity and national innovative capacity in selected European countries (publihed by The International Journal of Entrepreneurship and Innovation); 

3. Stock prices, inflation and inflation uncertainty in the U.S.: Testing the long-run relationship considering Dow Jones sector indexes (forthcoming in Applied Economics); 

4. The long-run impact of monetary policy uncertainty and banking stability on inward FDI in EU countries (submitted to Economies); 

5. The loss of interest for the euro in Romania (submitted to Applied Economics);

6. Entrepreneurship, tax evasion and corruption in Europe (published in Procedia - Social and Behavioral Sciences); 

7. The interdependence between Italian firms’ access to finance and their probability of default (published in MakeLearn &TIIM, 2016 proceedings);

8. What we understand by financial stability: text analysis with network approach (published in MakeLearn &TIIM 2016 proceedings);

9. The working capital and liquidity’s role in explaining the Italians’ firms profitability around the recent financial crisis (published in RMEE 2016 proceedings);

10. Comparison between entrepreneurship education in Romania and Greece - the case of two higher education institutions (published in ERiE 2016 proceedings).

Stage 2017 (used budget: 234.875 RON)

• • Final report

  • 7 papers presented in conferences: 

1. Dynamic investment, leverage and liquidity in extractive industries: A panel analysis using firm level data from CEE countries (21st EBES conference, 2017); 

2. The long-run impact of monetary policy uncertainty and banking stability on inward FDI in EU countries (INFER Workshop, 2017);

3. Firms’ financial constraints and structure of investment: An application on R&D sector of largest EU countries (MakeLearn &TIIM, 2017);

4. Firms’ financial performance and investment: A panel data analysis applied to wine industry from CEE countries (MakeLearn &TIIM, 2017);

5. Firm-level investment in the extractive industry from CEE countries: the role of macroeconomic uncertainty and internal conditions (TIMTED, 2017);

6. The micro-foundations of an open economy money demand: An application to the Central and Eastern European countries (INFER Annual Conference, 2017);

7. The micro-foundations of an open economy money demand: An application to the Central and Eastern European countries (GDRE, 2017).

• 2 research stages: 

  1. Serban Miclea (Poitiers)

1. Claudiu Albulescu (Orleans)

• 9 papers sent for publications or published in journals or conference proceedings: 

1. Students’ entrepreneurial potential and the roleof entrepreneurial education - A Comparative studybetween Romania and Greece (published by Scientific Bulletin of Politehnica University of Timisoara - Transactions on Engineering and Management)

2. Firm-level investment in the extractive industry from CEE countries: the role of macroeconomic uncertainty and internal conditions (forthcoming in Eurasian Business Review);

3. Unemployment persistence in EU countries: new evidence using bounded unit root tests (forthcoming in Applied Economics Letters).

4. Is there any convergence in health expenditures across EU countries? (published by Economics Bulletin)

   1. The micro-foundations of an open economy money demand: An application to the Central and Eastern European countries (submitted to Journal of Money, Credit and Banking)

5. Firms’ financial constraints and structure of investment: An application on R&D sector of largest EU countries (submitted to Baltic Journal of Economics)

   2. 1. Firms’ financial performance and investment: a panel data analysis applied to wine industry from CEE countries (submitted to Procedia - Social and Behavioral Sciences)

• 1. Cash flow and investment decision: an application on the Romanian agriculture sector (submitted to Procedia - Social and Behavioral Sciences)

6. Investment behavior and firms’ financial performance: A comparative analysis using firm-level data from the wine industry (submitted to Journal of Multinational Financial Management)