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The Mechanisms of Arrears in Romania

Author

Listed:
  • Pelinescu, Elena

    (Institute for Economic Forecasting, Romanian Academy.)

Abstract

The phenomenon of arrears is difficult to capture due to its complexity. In this context, the paper aims at providing a unified perspective on the phenomenon by building a picture of the network of arrears in Romania which reflects the relations between the main economic actors involved. The relevance of the study stems from the analysis of the mechanism of arrears that made them a persistent phenomenon even after more than 20 years since the transition from the centrally-planned economy to the market economy, and from the analysis of the impact of financial crisis which reduced the accessibility of the Romanian agents to bank credit and, consequently, generated an increase in arrears.

Suggested Citation

  • Pelinescu, Elena, 2013. "The Mechanisms of Arrears in Romania," Journal for Economic Forecasting, Institute for Economic Forecasting, vol. 0(2), pages 223-239, June.
    • Handle: RePEc:rjr:romjef:v::y:2013:i:2:p:223-239
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    File URL: http://www.ipe.ro/rjef/rjef2_13/rjef2_2013p223-239.pdf
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    References listed on IDEAS

    as
    1. Marin, Dalia & Schnitzer, Monika, 2005. "Disorganization and financial collapse," European Economic Review, Elsevier, vol. 49(2), pages 387-408, February.
    2. Albu, Lucian Liviu, 2002. "Sustainability Function," Journal for Economic Forecasting, Institute for Economic Forecasting, vol. 0(2), pages 5-14, June.
    3. Daianu, Daniel & Kallai, Ella & Lungu, Laurian, 2012. "Tax Policy under the Curse of Low Revenues: The Case of Romania (Part I)," Journal for Economic Forecasting, Institute for Economic Forecasting, vol. 0(1), pages 156-186, March.
    4. Dobrescu, Emilian, 1998. "Macromodels of the Romanian transition economy, Second edition," MPRA Paper 35825, University Library of Munich, Germany.
    5. Rostowski, J., 1993. "The inter-enterprise debt explosion in the former Soviet Union: causes, consequences, cures," LSE Research Online Documents on Economics 20968, London School of Economics and Political Science, LSE Library.
    6. J Rostowski, 1993. "The Inter-Enterprise Debt Explosion in the Former Soviet Union: Causes, Consequences, Cures," CEP Discussion Papers dp0142, Centre for Economic Performance, LSE.
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    Cited by:

    1. Tosun, M. Umur & Iyidogan, Pelin Varol & Telatar, Erdinç, 2014. "The Twin Deficits in Selected Central and Eastern European Economies: Bounds Testing Approach with Causality Analysis," Journal for Economic Forecasting, Institute for Economic Forecasting, vol. 0(2), pages 141-160, June.
    2. Galya Taseva, 2019. "Passivity of Creditors among Non-Financial Enterprises in Bulgaria," Economic Studies journal, Bulgarian Academy of Sciences - Economic Research Institute, issue 6, pages 128-159.

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    More about this item

    Keywords

    network of arreares; persistence; mechanisms;
    All these keywords.

    JEL classification:

    • H30 - Public Economics - - Fiscal Policies and Behavior of Economic Agents - - - General
    • H31 - Public Economics - - Fiscal Policies and Behavior of Economic Agents - - - Household
    • H32 - Public Economics - - Fiscal Policies and Behavior of Economic Agents - - - Firm
    • H39 - Public Economics - - Fiscal Policies and Behavior of Economic Agents - - - Other

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