IDEAS home Printed from https://ideas.repec.org/a/rom/rmcimn/v13y2012i1p17-29.html
   My bibliography  Save this article

The Main Causes and Ways of Decreasing the Economic Crisis in Romania

Author

Listed:
  • Angelica BACESCU-CARBUNARU

    (The Bucharest Academy of Economic Studies, Romania)

  • Monica CONDRUZ-BACESCU

    (The Bucharest Academy of Economic Studies, Romania)

Abstract

The paper deals with the implications of fiscal policy based on the single taxing quota, and also the imbalances between import and export on the economic crisis in Romania. Based on the statistical data, it is emphasized, on the one side, the international experience of professor Arthur Laffer’ s theory application at the developed capitalist countries and the ways they acted for eliminating the registered negative effects. On the other side, it is underlined the effects of applying this theory on Romania’s economy and the effects of reducing big taxes and the high increase of foreign trade deficit. Finally, the conclusions are outlined and the main solutions which must be applied are shown, solutions necessary for the development of the national economy in the following period.

Suggested Citation

  • Angelica BACESCU-CARBUNARU & Monica CONDRUZ-BACESCU, 2012. "The Main Causes and Ways of Decreasing the Economic Crisis in Romania," REVISTA DE MANAGEMENT COMPARAT INTERNATIONAL/REVIEW OF INTERNATIONAL COMPARATIVE MANAGEMENT, Faculty of Management, Academy of Economic Studies, Bucharest, Romania, vol. 13(1), pages 17-29, March.
    • Handle: RePEc:rom:rmcimn:v:13:y:2012:i:1:p:17-29
    as

    Download full text from publisher

    File URL: https://www.rmci.ase.ro/no13vol1/02.pdf
    Download Restriction: no
    ---><---

    More about this item

    Keywords

    Laffer curve; single taxing quota; fiscal revenues; marginal taxes; foreign trade deficit; economy disindustrialisation.;
    All these keywords.

    JEL classification:

    • E24 - Macroeconomics and Monetary Economics - - Consumption, Saving, Production, Employment, and Investment - - - Employment; Unemployment; Wages; Intergenerational Income Distribution; Aggregate Human Capital; Aggregate Labor Productivity
    • E64 - Macroeconomics and Monetary Economics - - Macroeconomic Policy, Macroeconomic Aspects of Public Finance, and General Outlook - - - Incomes Policy; Price Policy
    • F16 - International Economics - - Trade - - - Trade and Labor Market Interactions

    Statistics

    Access and download statistics

    Corrections

    All material on this site has been provided by the respective publishers and authors. You can help correct errors and omissions. When requesting a correction, please mention this item's handle: RePEc:rom:rmcimn:v:13:y:2012:i:1:p:17-29. See general information about how to correct material in RePEc.

    If you have authored this item and are not yet registered with RePEc, we encourage you to do it here. This allows to link your profile to this item. It also allows you to accept potential citations to this item that we are uncertain about.

    We have no bibliographic references for this item. You can help adding them by using this form .

    If you know of missing items citing this one, you can help us creating those links by adding the relevant references in the same way as above, for each refering item. If you are a registered author of this item, you may also want to check the "citations" tab in your RePEc Author Service profile, as there may be some citations waiting for confirmation.

    For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: Marian Nastase (email available below). General contact details of provider: https://edirc.repec.org/data/mnasero.html .

    Please note that corrections may take a couple of weeks to filter through the various RePEc services.

    IDEAS is a RePEc service. RePEc uses bibliographic data supplied by the respective publishers.