This research aims to provide an explanatory analyses of the business cycles divergence between E... more This research aims to provide an explanatory analyses of the business cycles divergence between Euro Area and Romania, respectively its drivers, since the synchronisation of output-gaps is one of the most important topic in the context of a potential EMU accession. According to the estimates, output-gaps synchronisation entered on a downward path in the subperiod 2010-2017, compared to 2002-2009. The paper demonstrates there is a negative relationship between business cycles divergence and three factors (economic structure convergence, wage structure convergence and economic openness), but also a positive relationship between it and its autoregressive term, respectively the GDP per capita convergence.
Economic Computation and Economic Cybernetics Studies and Research, 2019
This paper aims to review the different impacts of income inequality drivers on the Gini coeffici... more This paper aims to review the different impacts of income inequality drivers on the Gini coefficient, depending on institutional specificities. In this context, we divided the European Union member states in two clusters (the cluster of member states with inclusive institutions / extractive institutions) using the institutional pillar as a clustering criterion. In both cases, we assesed the impact of income inequality drivers on Gini coefficient by using a fixed effects model in order to examine the role and importance of the institutions in the dynamics of income disparities.The models were estimated by applying the Panel Estimated Generalized Least Squares (EGLS) method, this being weighted by Cross-section weights option. The separate assessment of the income inequality reactivity to the change in its determinants according to the institutional criterion represents a new approach in this field of research and the results show that the impact of moderating income inequality strategies is limitedin the case of member states with extractive institutions.
Journal of Eastern Europe Research in Business and Economics, 2019
This paper aims to estimate the impact of economic and financial crises on the unemployment rate ... more This paper aims to estimate the impact of economic and financial crises on the unemployment rate in the European Union, taking also into consideration the institutional specificities, since unemployment was the main channel through which the economic and financial crisis influenced the social developments.. In this context, I performed two institutional clusters depending on their inclusive or extractive institutional features and, in each cases, I computed the crisis effect on unemployment rate over the 2003-2017 period. Both models were estimated by using Panel Estimated Generalized Least Squares method, and are weighted by Period SUR option in order to remove, in advance the possible inconveniences of the models. The institutions proved to be a relevant criterion that drives the impact of economic and financial crises on the unemployment rate, highlighting that countries with inclusive institutions are less vulnerable to economic shocks and are more resilient than countries with extractive institutions. The quality of institutions was also found to have a significant effect on the response of unemployment rate to the dynamic of its drivers.
Journal of Eastern Europe Research in Business and Economics, 2019
This paper aims to estimate the effect of young people who are not in employment, education or tr... more This paper aims to estimate the effect of young people who are not in employment, education or training (neets rate) on the people at risk of poverty rate in the European Union. Statistical data covering the 2010 2016 period for all EU-28 Member States have been used. Regarding the methodology, the study was performed by using Panel Estimated Generalized Least Squares method, weighted by Period SUR option. The effect of neets rate on poverty rate proved to be positive and statistically significant in European Union, since this indicator includes two main areas which are extremely relevant for poverty dimension. Firstly, young unemployment rate was one of the main channels through which the financial crisis has affected the population income. Secondly, it accounts for the educational system coverage and its skills deficiencies.
This research aims to provide an overview of the existing inequalities and their drivers in the m... more This research aims to provide an overview of the existing inequalities and their drivers in the member states of the European Union as well as their developements in the 2002-2008 and 2009-2015 sub-periods. It also analyses the impact of health and education government spending on income inequality in the European Union over the 2002-2015 period. In this context, I applied the Estimated Generalized Least Squares method using panel data for the 28-member states of the European Union.
This paper examines the impact of financial risks on economic growth in the first 15 Member State... more This paper examines the impact of financial risks on economic growth in the first 15 Member States of the European Union, considering 1995-2014 period and aims to lay down a new explanatory model of economic growth, based mainly on the behavioral reactivity of the financial disruptions mentioned above. The model was estimated through the panel estimated generalized least squares method and included additional control variables in order to strengthen the research conducted. Our goal consists in the examination of the financial risks in the European Union and in the estimation of their impact on economic growth.
The main goal of the paper is to extract the aggregate demand and aggregate supply shocks in Gree... more The main goal of the paper is to extract the aggregate demand and aggregate supply shocks in Greece, Ireland, Italy and Portugal, as well as to examine the correlation among the two types of shocks. The decomposition of the shocks was achieved by using a structural vector autoregression that analyses the relationship between the evolution of the gross domestic product and inflation in the period 1997-2015. The goal of the paper is to confirm the aggregate demand-aggregate supply model in the above-mentioned economies.
This paper aims to provide a comprehensive analysis on the income inequalities recorded in the EU... more This paper aims to provide a comprehensive analysis on the income inequalities recorded in the EU-15 in the 1995-2014 period and to estimate the impact of private sector credit on income disparities. In order to estimate the impact, I used the panel data technique with 15 cross-sections for the first 15 Member States of the European Union, applying generalized error correction model.
This research aims to provide an explanatory analyses of the business cycles divergence between E... more This research aims to provide an explanatory analyses of the business cycles divergence between Euro Area and Romania, respectively its drivers, since the synchronisation of output-gaps is one of the most important topic in the context of a potential EMU accession. According to the estimates, output-gaps synchronisation entered on a downward path in the subperiod 2010-2017, compared to 2002-2009. The paper demonstrates there is a negative relationship between business cycles divergence and three factors (economic structure convergence, wage structure convergence and economic openness), but also a positive relationship between it and its autoregressive term, respectively the GDP per capita convergence.
Economic Computation and Economic Cybernetics Studies and Research, 2019
This paper aims to review the different impacts of income inequality drivers on the Gini coeffici... more This paper aims to review the different impacts of income inequality drivers on the Gini coefficient, depending on institutional specificities. In this context, we divided the European Union member states in two clusters (the cluster of member states with inclusive institutions / extractive institutions) using the institutional pillar as a clustering criterion. In both cases, we assesed the impact of income inequality drivers on Gini coefficient by using a fixed effects model in order to examine the role and importance of the institutions in the dynamics of income disparities.The models were estimated by applying the Panel Estimated Generalized Least Squares (EGLS) method, this being weighted by Cross-section weights option. The separate assessment of the income inequality reactivity to the change in its determinants according to the institutional criterion represents a new approach in this field of research and the results show that the impact of moderating income inequality strategies is limitedin the case of member states with extractive institutions.
Journal of Eastern Europe Research in Business and Economics, 2019
This paper aims to estimate the impact of economic and financial crises on the unemployment rate ... more This paper aims to estimate the impact of economic and financial crises on the unemployment rate in the European Union, taking also into consideration the institutional specificities, since unemployment was the main channel through which the economic and financial crisis influenced the social developments.. In this context, I performed two institutional clusters depending on their inclusive or extractive institutional features and, in each cases, I computed the crisis effect on unemployment rate over the 2003-2017 period. Both models were estimated by using Panel Estimated Generalized Least Squares method, and are weighted by Period SUR option in order to remove, in advance the possible inconveniences of the models. The institutions proved to be a relevant criterion that drives the impact of economic and financial crises on the unemployment rate, highlighting that countries with inclusive institutions are less vulnerable to economic shocks and are more resilient than countries with extractive institutions. The quality of institutions was also found to have a significant effect on the response of unemployment rate to the dynamic of its drivers.
Journal of Eastern Europe Research in Business and Economics, 2019
This paper aims to estimate the effect of young people who are not in employment, education or tr... more This paper aims to estimate the effect of young people who are not in employment, education or training (neets rate) on the people at risk of poverty rate in the European Union. Statistical data covering the 2010 2016 period for all EU-28 Member States have been used. Regarding the methodology, the study was performed by using Panel Estimated Generalized Least Squares method, weighted by Period SUR option. The effect of neets rate on poverty rate proved to be positive and statistically significant in European Union, since this indicator includes two main areas which are extremely relevant for poverty dimension. Firstly, young unemployment rate was one of the main channels through which the financial crisis has affected the population income. Secondly, it accounts for the educational system coverage and its skills deficiencies.
This research aims to provide an overview of the existing inequalities and their drivers in the m... more This research aims to provide an overview of the existing inequalities and their drivers in the member states of the European Union as well as their developements in the 2002-2008 and 2009-2015 sub-periods. It also analyses the impact of health and education government spending on income inequality in the European Union over the 2002-2015 period. In this context, I applied the Estimated Generalized Least Squares method using panel data for the 28-member states of the European Union.
This paper examines the impact of financial risks on economic growth in the first 15 Member State... more This paper examines the impact of financial risks on economic growth in the first 15 Member States of the European Union, considering 1995-2014 period and aims to lay down a new explanatory model of economic growth, based mainly on the behavioral reactivity of the financial disruptions mentioned above. The model was estimated through the panel estimated generalized least squares method and included additional control variables in order to strengthen the research conducted. Our goal consists in the examination of the financial risks in the European Union and in the estimation of their impact on economic growth.
The main goal of the paper is to extract the aggregate demand and aggregate supply shocks in Gree... more The main goal of the paper is to extract the aggregate demand and aggregate supply shocks in Greece, Ireland, Italy and Portugal, as well as to examine the correlation among the two types of shocks. The decomposition of the shocks was achieved by using a structural vector autoregression that analyses the relationship between the evolution of the gross domestic product and inflation in the period 1997-2015. The goal of the paper is to confirm the aggregate demand-aggregate supply model in the above-mentioned economies.
This paper aims to provide a comprehensive analysis on the income inequalities recorded in the EU... more This paper aims to provide a comprehensive analysis on the income inequalities recorded in the EU-15 in the 1995-2014 period and to estimate the impact of private sector credit on income disparities. In order to estimate the impact, I used the panel data technique with 15 cross-sections for the first 15 Member States of the European Union, applying generalized error correction model.
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