Publicații

Developing an Economic and Social Security Index for Euro-Atlantic Area Countries: A Panel Data Analysis

Abstract:
The concepts of economic and social security are very complex and dynamic, closely related to many new challenges that characterize today's societies. Our research aims at investigating the economic and social security considering the current vulnerabilities, using an integrated multicriteria approach to this issue, taking into account five pillars (dimensions): demographic, climate, globalization, and ITC adaptation, social, and economic. Based on these dimensions, we developed an Economic and Social Security Index across the Euro-Atlantic countries and we found that the European Union (EU) is better positioned compared to the other country-groups analysed. Furthermore, we estimated the effects of duration of schooling and climate degradation on economic growth, by using the Panel EGLS method over the period 2010–2019, and we compared the results obtained for EU countries to the ones obtained for the other groups of countries in EuroAtlantic space: EU neighbours and candidate/potential candidate countries and other Eastern EU neighbourhood countries. We found a positive impact of the duration of schooling on the economic growth, which is greater in countries registering high levels of socio-economic security, the effect of the duration of schooling varying depending on the quality of education. In terms of the effects of CO2 emissions on economic growth, we found a negative impact, considering the one year lag.


Sursă web:  

https://journals.vilniustech.lt/index.php/JBEM/article/view/18610


Economic development and environmental degradation: A panel ARDL/PMG model for EU-27 countries

Abstract:

This research aims to examine the relationship between economic development and environmental degradation in European Union over the period 2000-2019 using a Panel ARDL/PMG model. In this respect, I have used GDP per capita expressed in PPS to catch the economic development and greenhouse gas emission per capita as a proxy for environmental degradation. The study confirms a positive impact of greenhouse gas emissions (per capita) on GDP (per capita) on short-run, but also a negative effect on long-run - the long-run effect being present in 24 EU Member States.

Sursă web: 

https://revista.isfin.ro/wp-content/uploads/2022/11/9.-Jianu-Ionut.pdf


Greenhouse Gas Emissions and its Main Drivers: a Panel Assessment for EU-27 Member States

Abstract:

This paper assesses the effects of greenhouse gas emissions drivers in EU-27 over the period 2010-2019, using a Panel EGLS model with period fixed effects. In particular, we focused our research on studying the effects of GDP, renewable energy, households energy consumption and waste on the greenhouse gas emissions. In this regard, we found a positive relationship between three independent variables (real GDP per capita, households final consumption per capita and waste generation per capita) and greenhouse gas emissions per capita, while the effect of the share of renewable energy in gross final energy consumption on the dependent variable proved to be negative, but quite low. In addition, we demonstrate that the main challenge that affects greenhouse gas emissions is related to the structure of households energy consumption, which is generally composed by environmentally harmful fuels. This suggests the need to make greater efforts to support the shift to a green economy based on a higher energy efficiency.

Sursă web:

 https://www.aijbm.com/volume-05-issue-04/


Income Inequalities and Their Social Determinants: an Analysis over Developed vs. Developing EU Member States

Abstract:


This paper assesses the impact of certain social factors on income inequalities in the EU. We applied Panel Estimated Generalized Least Squares method on two clusters, developed vs developing countries. We concluded that the relationship between historical income inequality and its current dimensions is stronger in developing than in developed countries. We also found a higher capacity of social expenditure to reduce income inequality in developed countries, and a positive relationship between unemployment and income inequality in both clusters. Moreover, we identified a positive relationship between tertiary education attainment in developed EU countries, but a negative one in developing countries. Excessive income inequalities affect social and economic dimensions, this being a real issue which can only be addressed at governmental level, by effective and inclusive public policies, which shall be aligned with cultural, social, economic and fiscal features.

Sursă web:

https://www.ecocyb.ase.ro/nr2021_2/8.%20Jianu%20Ionut,%20Ioana%20Gavril%20(T).pdf


COVID-19 Pandemic and its Effect on the EU Industry

Abstract:


The COVID-19 pandemic exerted a strong impact on the economy, including on the industrial sector. In this context, we focused our analysis on estimating the impact of the COVID-19 shock on the EU industry developments. Therefore, we estimated two econometric models to identify the impact of the COVID-19 shock on the confidence in industry and on the industrial production, over the period January 2018 - November 2020, using Panel EGLS method. Our estimation is based on Eurostat data with monthly frequency, but also on a dummy variable we have created to catch the COVID-19 restrictions (shock). We have found a strong impact of the COVID-19 shock on both industrial indicators, which supports the need to continue adopting appropriate policies to boost this sector, since the outlooks are still exposed to uncertainty and depend on the vaccination speed.

Sursă web: https://ibimapublishing.com/articles/JEURB/2021/545696/


Moderarea Inegalităților de Venit. Schimbarea în Economie (2020), Editura Economică

Lucrarea respectivă își propune să analizeze cauzele inegalității veniturilor, întemeierea căilor de atenuare a acestora, precum și evaluarea implicațiilor situației instituționale asupra forțelor motrice ale inegalități veniturilor în Uniunea Europeană, prin prisma funcției integrative, care facilitează reducerea acestora, ca expresie a convergenței reale. Cadrul teoretic examinat sprijină instrumentarea politicilor economice și sociale prin intermediul conceptului de moderare, care are capacitatea de a asigura armonizarea economică și socială, implicit, un echilibru suportabil din punct de vedere social.

Cartea este comercializată de: Editura Economică, librarie.net, librariaonline, Targul Cărții, universul cartii, libraria delfin etc.

Sursă web:

https://www.edecon.ro/carte/1531/moderarea-inegalitatilor-de-venit-schimbarea-in-economie_ionut-jianu/


Examining the Relationship between Income Inequality and Growth from the Perspective of EU Member States' Stage of Development

Abstract: 

In this paper, we examined the relationship between income inequality and economic growth from the perspective of each country's level of development in the European Union, this linkage being reviewed using the median of GDP per capita expressed in the purchasing power standard to split the European Union Member States into two clusters of 14 countries each. Furthermore, we estimated the impact of income inequality on economic growth during the 2010-2018 period at the level of both clusters using the Estimated Generalized Least Squares with a fixed effects method, reinforced by the cross-section weights option. Our results show that income inequality is positively linked to economic growth in the case of developed EU Member States, while for developing EU countries, income inequality is detrimental to growth. This also demonstrates that income gaps may have positive and negative effects on growth depending on the stage of development, this providing important evidence for the need to promote an optimum level of income inequality.

Sursă web: https://www.mdpi.com/2071-1050/13/9/5204


Examining the Drivers of Business Cycle Divergence between Euro Area and Romania


Abstract: 

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.           

 

Sursă web: https://store.ectap.ro/articole/1450.pdf


The Implications of Institutional Specificities on the Income Inequalities Drivers in European Union


Abstract: 

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 assessed 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 limited in the case of member states with extractive institutions. 

Sursă web:  https://www.ecocyb.ase.ro/nr2019_2/4.%20Dobre%20Ion,%20Ionut%20Jianu%20(T).pdf


The Relationship between the Economic and Financial Crises and Unemployment Rate in the European Union: How Institutions Affected Their Linkage?


Abstract: 

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.

Sursă web: https://ibimapublishing.com/articles/JEERBE/2019/403548/ 


The Effect of Young People Not In Employment, Education or Training, On Poverty Rate in European Union


Abstract:

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.

Sursă web: https://ibimapublishing.com/articles/JEERBE/2019/955941/


The Impact of Government Health and Education Expenditure on Income Inequality in EU


Abstract:

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.

Sursă web:                                                          https://www.econstor.eu/bitstream/10419/194296/1/The-impact-of-government-health-and-education-expenditure-on-income-inequality-in-EU.pdf


The Impact of Financial Risks on Economic Growth in EU-15


Abstract:

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.

Sursă web: https://store.ectap.ro/articole/1243.pdf


The Impact of Private Sector Credit on Income Inequalities in European Union   (15 Member States)


Abstract:

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.

Sursă web: https://store.ectap.ro/articole/1269.pdf


A comprehensive view on the manifestations of aggregate demand and aggregate supply shocks in Greece, Ireland, Italy and Portugal


Abstract:

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.

Sursă web: https://store.ectap.ro/articole/1192.pdf