Liviu Moraru

The role played by endogenous growth models in growth literature might be analyzed from two perspectives. In the first place, is it emphasized the necessity to replace the hypothesis of perfect competition with monopolistic competition in every mathematical model. Secondly, there is no scientific argument to accept the assumption of unconditional income convergence among countries. Taking into consideration empirical evidence and theoretical arguments, we tried to demonstrate that, once we accept the existence of increasing returns, there is only a little place for convergence all over the world. From this perspective, we can accept the hypothesis of convergence only for some categories of countries characterized by homogeneity as regards institutional arrangement and geographical position.

At once with the development of money as medium of exchange, the feudal lords found out an easy way to obtain more monetary resources by monopolizing the coins’ mint. As result, they used to ask a certain percent from the gold quantity that people wanted to transform in coins (call brassage). Despite the fact that we are living modern times, this still happens. The governments didn’t give up to this important source of revenues; they only developed more sophisticated methods in order to increase their budget revenues. The aim of this paper (article) is to analyze these specific methods, to see how they work and to analyze the effects as well.

Many empirical studies show an organic connection between economic freedom and prosperity. Thus, the quality of economic and political institutions existing in a country must be assessed considering their capacity to promote private property and economic freedom. This paper analyses the evolution of economic freedom in some countries, members of European Union. The main conclusion is that the framework for

Abstract. This paper analyses the causes of economic crisis trying to reconcile the theory of" animal spirits" with the money supply expansion. It also aims to show the limits of the two opposing theories: both of the Keynesian and the Austrian ones, and to investigate the ...

Lifestyle changes accompanied by the economic crisis caused health, environmental and alimentary chain disruptions across the world. Regarding gastronomic tourism through its ecological dimensions (e.g. environmental impact minimization, environmental and cultural awareness and respect, positive cultural experiences driver for visitors and hosts, financial benefits enhancer for local communities, environmental and social cohesion builder) this paper investigates the actual trends in tourism and gastronomy seen through the risks and uncertainties of the actual economic crisis. The new global nutrition and lifestyle trends have exerted an increasing pressure on traditional values, including the old dietary patterns. In this context, traditional gastronomy needs to be re-invented and, through its functional capabilities, has to be re-launched in order to add value for the final consumers. This study explores the possible links between sustainable tourism and healthy food in the context...