International Symposium The Global Crisis & The Opening of a New Paradigm Bucharest 22-23 November 2013 1 First Part Organizers’ Joint Meeting in Celebration of 100 years since the first Romanian Economists’ Congress and 170 years of Romanian Higher Education in Economics Ședința festivă a AGER, AFER și SRS dedicată aniversării a 100 de ani de la inițiativa convocării primului Congres al Economiștilor Români și a 170 de ani de Învățământ Economic în România ASE, AULA MAGNA, 22 noiembrie 2013 9:30 -10:00 Înregistrarea participanților o Expoziție de carte economică o Lansare de carte: Prof.univ.dr. Constantin Anghelache 10:00 - Deschiderea Ședinței Festive - Cuvântul de salut al Rectorului ASE, Prof.univ.dr. Pavel Năstase - Mesajul Președintelui AGER Prof.univ.dr. Gheorghe Zaman Membru corespondent al Academiei Române - Mesajul Președintelui Comitetului Director al AFER Prof.univ.dr. Nicolae Istudor - Mesajul Președintelui SRS Prof.univ.dr. Constantin Mitruţ - Mesajul reprezentantului CECCAR Ec. Daniela Vulcan Director general 2 11,00 – Prezentarea emisiunii numismatice de argint a BNR dedicate aniversării a 100 de ani de la inițiativa convocării primului Congres al Economiștilor Români ; -Lect.univ.dr. Anca Gherman 11,15 – Prezentarea volumului omagial editat de AFER „170 de ani de învățământ economic românesc” -Prof.univ.dr. Mihaela Luţaş 11,30 Conferirea de către AGER, AFER și SRS a distincțiilor și a monedei jubiliare -Prof.univ.dr. Marin Dinu 12,15 – Lansarea apelului comun al AGER, AFER și SRS pentru convocarea primului Congres National al Economiștilor din România -Prof.univ.dr. Cristian Socol 13:00 Cocktail – Restaurantul ASE (Cihoschi) 15:00–19:00 Desfășurarea pe secțiuni a lucrărilor simpozionului Second Part International Symposium The Global Crisis & the Opening of a New Paradigm Presentations of Scientific Papers 15.00-19.00 Sections: 1. A Different Economics? The Issue of Fundamentals. 2. The Non-Assimilated Lessons of the Crisis. The Issue of Signalling. 3. Post-Crisis Economics. The Issue of Solutions. 4. Models of the Global Economy. The Issue of Identity. 3 Section 1. A Different Economics? The Issue of Fundamentals. Room 0318, time: 15:00 Chairpersons: Professor Angela ROGOJANU, PhD Assistant Professor Daniela Vîrjan, PhD Assistant: Lecturer, Claudia Paicu, PhD Reviewers: Professor Gheorghe ZAMAN, PhD Professor Ion POHOAŢĂ, PhD Professor Coralia ANGELESCU, PhD 1. The Issue of Competing Currencies. Case Study - Bitcoin Professor Angela ROGOJANU, PhD Associate Professor Liana BADEA, PhD Bucharest University of Economic Studies 2. The Economic Sciences Between the Problems of Practice and the Theoretical Self-Constraints Professor Gheorghe ZAMAN, PhD Romanian Institute of National Economy 3. Prolegomenon to a Theory of Economic Crises. On the Disruptive Force of the Invisible Hand Professor Marin DINU, PhD Bucharest University of Economic Studies 4. Some Economic and Social Evolutions of Romania by the End of June 2013 Professor Constantin ANGHELACHE, PhD Bucharest University of Economic Studies, “Artifex” University, Bucharest Professor Gabriela Victoria ANGHELACHE, PhD Bucharest University of Economic Studies Associate Professor Alexandru MANOLE, PhD “Artifex” University, Bucharest 5. The Population and the Labour Force Market in Romania Professor Constantin ANGHELACHE, PhD Bucharest University of Economic Studies, “Artifex” University, Bucharest Professor Gabriela Victoria ANGHELACHE, PhD Bucharest University of Economic Studies Lecturer Alexandru MANOLE, PhD “Artifex” University, Bucharest 4 6. Analysis of the Models of Measures to Overcome the Crisis Associate Professor Mariana LUPAN, PhD Professor Gabriela PRELIPCEAN, PhD “Stefan cel Mare” University of Suceava 7. The Social Economy - a Step Toward Creativity Associate Professor Daniela VÎRJAN, PhD Bucharest University of Economic Studies 8. Economic Development and Indifference Towards Paradigm Associate Professor Dragoş HURU, PhD Bucharest University of Economic Studies 9. New Theoretical Foundations for Economic Policy Associate Professor Monica DOBRESCU, PhD Assistant Silvia Elena IACOB, PhD 10. The Challenges of Higher Education in the New Era Associate Professor Gabriel Ilie STAICU, PhD Lecturer Liviu Cătălin MORARU, PhD Associate Professor Marius PANĂ, PhD Bucharest University of Economic Studies 11. The Economic Agent Rationality as a Flaw Theoretical Fundamental Lecturer Andrei HREBENCIUC, PhD Bucharest University of Economic Studies 12. The Global Crisis and the New Paradigm of Sustainable Development Andreea Elena MOTOC, PhD Candidate Doctoral School of Economics Bucharest University of Economic Studies 13. The Impact of the Current Financial and Economic Crisis on the European Labour Market - an Approach Based on a New Paradigm in the Labour Field Bogdan JIANU, PhD Candidate Doctoral School of Economics Bucharest University of Economic Studies 5 14. Successful Recruiting: Using Behavioural Economics to Understand Identity Challenges in International Work Force Alina NEAȚU, PhD Candidate Doctoral School of Economics Bucharest University of Economic Studies 15. Distribution of Welfare Through Generosity in the Economy of Communion Model Iustin Emanuel ALEXANDRU, PhD Candidate Doctoral School of Economics Bucharest University of Economic Studies 16. The Influence of Interest Rates on Saving Process Adrian SIMION, PhD Candidate Alexandru BODISLAV, PhD Bucharest University of Economic Studies 17. Taxation and Economic Growth. An Econometric Analysis on Romania Camelia MORARU, PhD Candidate Doctoral School of Economics Bucharest University of Economic Studies Lecturer Roxana IONITĂ, PhD "Dimitrie Cantemir" Christian University, Bucharest 6 Section 2. The Non-Assimilated Lessons of the Crisis. The Issue of Signalling. Room 0301, time: 15.00 Chairpersons: Professor Cătălin-Emilian HUIDUMAC-PETRESCU, PhD Associate Professor Diana Andreia Hristache, PhD Assistant: Lecturer Amalia CRISTESCU, PhD Reviewers: Professor Gheorghe OPRESCU, PhD Professor Nicoleta JULA, PhD Professor Luminiţa CONSTANTIN, PhD 1. Opportunities and Risks of Banking Sector Regulation in the European Union Professor Cătălin Emilian HUIDUMAC PETRESCU, PhD Alina POP, PhD Candidate Bucharest University of Economic Studies 2. Higher Economic Education Crisis – a View Over the Inputs Professor Dorel AILENEI, PhD Lecturer Amalia CRISTESCU, PhD, Bucharest University of Economic Studies Graţiela ŞĂRBAN, teacher Mihail Kogălniceanu Economic High School, Focşani 3. Is National Unitary Regulation of Financial Markets a Lesson of the 2008 Crisis in Europe? Lecturer Laura Elly NAGHI, PhD Bucharest University of Economic Studies 4. Synchronization of Business Cycles - Necessary Condition for Joining the Euro Area Cristina VIŞAN, PhD Candidate Professor Dorel AILENEI, PhD Bucharest University of Economic Studies 5. Incentives and Education. A Qualitative Research on Romanian Teachers from the Field of Social and Economic Sciences Associate Professor Grigore PIROŞCĂ, PhD Associate Professor George Laurenţiu ŞERBAN-OPRESCU, PhD Bucharest University of Economic Studies 7 6. The Potential Relationship between Private Pensions, GDP and Budget Deficit: Comparative Study Romania vs. Poland vs. Hungary Norel MOISE Editor in chief Financial Market 7. The Impact Analysis of the Organization's Image in Terms of Online Communication Paradigm Associate Professor Diana Andreia HRISTACHE, PhD Lecturer Claudia Elena PAICU, PhD Lecturer Nilgun ISMAIL, PhD Bucharest University of Economic Studies 8. Betraying the Covering of the Social Costs under the Decentralization Rush Lecturer Teodora I. DINU, PhD National University of Political Studies and Public Administration 9. Earnings Analysis at Industry Level Lecturer Amalia CRISTESCU, PhD Bucharest University of Economic Studies, National Scientific Research Institute for Labour and Social Protection Larisa STANILA, PhD candidate National Scientific Research Institute for Labour and Social Protection Maria Denisa VASILESCU, PhD candidate National Scientific Research Institute for Labour and Social Protection 10. The Cost of Short, Medium and Long-Term Mismatch between the Fundamental Principles of Economics and Some Solutions of the Courts of Romania Associate Professor BĂLUȚĂ Aurelian Virgil, PhD Spiru Haret University, Bucharest 11. The Crisis and the Decreasing Trend of FDI in Romania Associate Professor Alexandru TRIFU, PhD University “Petre Andrei” of Iasi Principal Researcher II Teodor PADURARU, PhD “Gh. Zane” Institute, Iasi 8 12. The Effects of Bureaucracy over the Business Environment from Romania Lecturer Laurenţiu Gabriel FRÂNCU, PhD Bucharest University of Economic Studies 13. Sustainable Development of Tourism in Alba County, Romania Ionela GAVRILĂ-PAVEN, PhD Andreea MUNTEAN, PhD “1 Decembrie 1918” University of Alba Iulia, Romania 14. The Main Legal and Procedural Obstacles Encountered in Research and Development Transfer. Daniela BIRO (VAILE), PhD Candidate Ana MARINARA (ORHEIAN), PhD Candidate Ioana FÎNTÎNǍ (GRIGORESCU), PhD Candidate Bucharest University of Economic Studies 15. The Impact of the Economic Crisis on Innovation in Romania Alexandru RUSEI, PhD Candidate Bucharest University of Economic Studies 16. Controversy Regarding the Real Estate Investing Stimulation - the Case of Romania Mădălina CHEPTEA, PhD Candidate Bucharest University of Economic Studies 17. Supporting Entrepreneurial and Regional Competitiveness - the Issue of Solutions Carmen NASTASE, PhD Carmen CHASOVSCHI, PhD Mihai POPESCU, PhD "Ştefan cel Mare" University of Suceava 18. Early Career Patterns Among Higher Education Graduates In Romania Eliza-Olivia LUNGU, PhD Ana-Maria ZAMFIR, PhD Cristina MOCANU, PhD Candidate National Research Institute for Labour and Social Protection 9 19. Entrepreneurship Investigation through Classification Techniques Monica Mihaela MAER MATEI, PhD Bucharest University of Economic Studies Eliza - Olivia LUNGU, PhD National Research Institute for Labour and Social Protection 20. Analysing The Matching Process On The Romanian Labour Market - An Empirical Approach Ioana BILBIE, PhD Candidate Doctoral School of Economics Bucharest University of Economic Studies 21. Romanian Banking Activity Spatial Distribution Between 2009 and 2012 Alina LUCA (BRĂTUCU), PhD Candidate Doctoral School of Economics Bucharest University of Economic Studies 22. Public-Private Partnership in the Context of Regional Development – A Solution for Renewable Energy Projects? Monica-Gabriela GHERMAN, PhD Candidate Alina-Mihaela BABONEA, PhD Candidate Doctoral School of Economics Bucharest University of Economic Studies 23. Costs Generated By Fiscal Legislation – Administrative Burden For Business Cristina COJOCARU, PhD Candidate Doctoral School of Economics Bucharest University of Economic Studies 10 Section 3. Post-Crisis Economics. The Issue of Solutions. Room 0319, time: 15:00 Chairpersons: Professor Marta-Christina SUCIU Associate Professor Maria LĂCĂTUŞ Assistant: Assistant Alexandra ADAM Reviewers: Professor Dorin JULA Professor Liviu BEGU Professor. Zizi GOSCHIN 1. Sustainability of Public Co-Financing of Investment Projects with EU Financial Assistance in Romania Professor Anca DACHIN, PhD Monica Gabriela GHERMAN, PhD Candidate Doctoral School of Economics Bucharest University of Economic Studies 2. The Impact of Demographic Crisis on Romanian Higher Education Institutions Professor Marta-Christina SUCIU, PhD Bucharest University of Economic Studies 3. The Link between Economic Recovery and Rule of Law Professor Basarab GOGONEAȚĂ, PhD Bucharest University of Economic Studies 4. The Role of Small and Medium Enterprises in Improving Employment and in the Post-Crisis Resumption of Economic Growth in Romania Associate Professor Mirela Ionela ACELEANU, PhD Lecturer Daniela Livia TRAŞCĂ, PhD Lecturer Andreea Claudia ŞERBAN, PhD Bucharest University of Economic Studies 5. Fiscal Consolidation through Fiscal Rules? Lecturer Alexandra ADAM, PhD Assistant Silvia Elena IACOB, PhD Bucharest University of Economic Studies 6. Internal and External Challenges on Labour Market Lecturer Anca Maria GHERMAN, PhD Bucharest University of Economic Studies 11 7. Creativity and Skills - Components of Success in Innovative Enterprises Nina ALEXEVICI - Director Maria PREDONU - superior expert Rodica DUMITRIU - expert National Institute of Statistics 8. Dual Control – a Requirement of the Current Bank Management in Crisis Conditions Cosmin MATIŞ, PhD Candidate Alina MATIŞ, PhD Candidate “Babeş – Bolyai” University, Cluj 9. The Green Certificates Market in Romania - Continuity or Dead End? Alina-Mihaela BABONEA, PhD Candidate Doctoral School of Economics Bucharest University of Economic Studies 10. Natural Capital – Analysis During Global Crisis Constantin CONSTANTINESCU, PhD Candidate Doctoral School of Economics Bucharest University of Economic Studies 11. The Sovereign Debt Crisis. Implications for the Romanian Economy Associate Professor Aura Gabriela SOCOL, PhD Raluca Elena MOISESCU (DUICAN), PhD Candidate Bucharest University of Economic Studies 12. Economic Disparities between Urban and Rural Romanian Regarding Human Capital Associate Professor Mihaela Roberta STANEF, PhD Bucharest University of Economic Studies 13. Concepts Regarding the Analysis of Financial Instruments Portfolios Professor Gabriela Victoria ANGHELACHE, PhD Bucharest University of Economic Studies Lecturer Mădălina Gabriela ANGHEL, PhD Associate Professor Alexandru MANOLE, PhD “Artifex” University, Bucharest 12 14. Exports – Dynamics and Impact on Economic Growth George STEFAN, PhD Candidate Lecturer Anca Maria GHERMAN, PhD Bucharest University of Economic Studies 15. Migration Effects on the Romanian Labour Market Associate Professor Mihaela MOSORA, PhD Lecturer Cosmin MOSORA, PhD Bucharest University of Economic Studies 16. Choosing Career Path - Unemployment Enhancer Factor Ortansa FLOREA (MOISE), PhD Candidate Bucharest University of Economic Studies 17. Models Used in Portfolio Management Lecturer Mădălina Gabriela ANGHEL, PhD “Artifex” University, Bucharest 18. Investment in Economic Education and the Economic Education Associate Professor Maria LĂCĂTUŞ, PhD Professor Marta-Christina SUCIU, PhD Bucharest University of Economic Studies 19. Consumers’ Opinions and Attitudes in the Market of Mobile Phone Services During Crises in Romania Lecturer Lavinia TOTAN, PhD Bucharest University of Economic Studies 20. Macroeconomic Analysis of Fiscal Policy Oana Camelia IACOB, PhD Candidate Ana-Maria VOLINTIRU, PhD Candidate Aurel MARIN, PhD Candidate Valahia University, Târgovişte Lecturer Andrei Mihai CRISTEA, PhD Candidate Hyperion University, Bucharest 21. Adaptability and Competitiveness of Romanian Aeronautical Industry in the European Context Daniela MOCENCO, PhD Candidate National Institute for Research Aerospace „Elie Carafoli” 13 22. Integrated Reporting – a Solution for the Sustainable Development of the Corporate Sector Cosmin Ionuţ IMBRIŞCĂ, PhD Candidate Bucharest University of Economic Studies Claus NAGEL-PICIORUŞ, RNR AG, Leverkusen, Germany Luciana NAGEL-PICIORUŞ, PhD Candidate Bucharest University of Economic Studies 23. Evolutions and Prospects in Romania’s Economy Mihaela Daniela NICULESCU, PhD Candidate Bucharest University of Economic Studies Miron DUMITRESCU, PhD Candidate National Institute of Economic Research - Romanian Academy Andrei Mihai CRISTEA, PhD Candidate Hyperion University, Bucharest Assistant Oana Camelia IACOB, PhD Candidate Valahia University, Târgoviște 24. Demo-Economic Restructuring In South Muntenia Development Region. Causes And Effects On The Regional Economy Ionuț BUSEGA, PhD Candidate Bucharest University of Economic Studies 14 Section 4. Models of the Global Economy. The Issue of Identity. Room 0302, Time: 15:00 Chairpersons: Associate Professor Marius Cristian PANĂ, PhD Associate Professor Alina CREŢU Assistant: Assistant Gavril (Moldovan) Ioana Reviewers: Professor Ion BUCUR Professor Valentina VASILE Professor Cornel IONESCU 1. The Interrelationships between Economic, Political and Social Globalization. Professor Dorin JULA, PhD Ecological University of Bucharest Lecturer Nicolae-Marius JULA, PhD University „Nicolae Titulescu” 2. Economic Policies Coordination in EU - Reforms and Perspectives Professor Cristian SOCOL, PhD Bucharest University of Economic Studies 3. Sovereign Debt during Crisis: the Concept and the Determinants Professor Monica DUDIAN, PhD Mădălina RADU, PhD Candidate Bucharest University of Economic Studies 4. Structural Convergence Analysis of the Foreign Trade with the European Union Associate Professor Marius-Corneliu MARINAŞ, PhD Bucharest University of Economic Studies 5. The Role of the Land Market in the Foundation of the National Strategy of Modernity and Modernization of Romanian Agriculture Associate Professor Anca Gabriela MOLĂNESCU, PhD Bucharest University of Economic Studies 6. Perspectives on Foreign Direct Investments in Economic Crisis Assistant Raluca Andreea POPA, PhD Assistant Ioana GAVRIL (MOLDOVAN), PhD Bucharest University of Economic Studies 15 7. The IMF Struggle for Profit and Macroeconomic Order in Developing Countries Andrei JOSAN, PhD Cristina (COVACI) VOICU, PhD Bucharest University of Economic Studies 8. Theoretical Implications of the Financial Crisis on the Relevance of Taylor's Rule. Case Study: European Union Alexandru Cătălin POPA, PhD Candidate Professor Cătălin-Emilian HUIDUMAC-PETRESCU, PhD Bucharest University of Economic Studies 9. The Implications of the Economic Crisis on Old Age Pensions in some European Countries Ileana TEODORESCU, Ph.D. Candidate Bucharest University of Economic Studies 10. The Dimensions of the Global Economic Crisis Associate Professor Liliana CRĂCIUN, PhD Manuela Violeta OCHEA, PhD Bucharest University of Economic Studies 11. Ways of Improving FDI Inflows through Public Policy Instruments in the Central and Eastern European Countries Oana Cristina POPOVICI, PhD Adrian Cantemir CĂLIN, PhD Institute for Economic Forecasting 12. Who Is Leading the World Economy Andreea BURDUF, PhD Candidate Bucharest University of Economic Studies 13. Global European Economic Model Associate Professor Cristina BURGHELEA, PhD Hyperion University, Bucharest Associate Professor Anda GHEORGHIU, PhD Hyperion University, Bucharest Associate Professor Cristiana TINDECHE, PhD USAMVB Bucharest Professor Anca GHEORGHIU, PhD Hyperion University, Bucharest 16 14. Global Crisis’ Impact on the European Priorities in the Social Cohesion Policy Assistant Alina Magdalena MANOLE, PhD Candidate Bucharest University of Economic Studies 15. Demographic Aging in the Context of the Global Financial and Economic Crisis - a Challenge in the European Employment Policies in the 21st Century Associate Professor Alina Ștefania CHENIC (CREȚU), PhD Petronela Evelina BĂLU, PhD Bucharest University of Economic Studies 16. Economic Order, Catallactics and Entrepreneurship Associate Professor CREŢU Alina, PhD Lecturer MIHAI Roxana Lucia, PhD Assistant BĂJAN Irina Florentina, PhD Bucharest University of Economic Studies 17. Models of the Global Economy. The Issue of Identity in Romania Andreea Cristina FLOREA, PhD Candidate Bucharest University of Economic Studies 18. Regional Implications of EU Labour Wage Andreea – Monica PREDONU, PhD Candidate Bucharest University of Economic Studies 19. The Public Debt Management and the Political Marketing in the Context of Negative Economic Fluctuations on a Global Level Cosmin Mihai LEFTER, PhD Candidate Daniel PETREA, PhD Candidate Alexandru BODISLAV, PhD Bucharest University of Economic Studies 17 Important note: Papers selected by the Scientific Committee will be published in the listed journal Theoretical and Applied Economics. Papers should be submitted in both English and Romanian, each accompanied by an abstract of up to 100 words together with a list of 5 keywords and the institutional e-mail addresses of all the authors. The classification of the article either by system or by database will be inserted after the abstract (see REL System available on www.asociatiaeconomistilor.ro or the JEL system, available on www.aea.web). Working standards and rules for editing are available on the journal’s website, http://www.ectap.ro/theoretical-and-applied-economicstechno-editing-rules/ Revised papers should be sent by December 8th, 2013, at the contacts used for abstract submission: Sections: 1. A Different Economics? The Issue of Fundamentals. andrei.hrebenciuc@economie.ase.ro 2. The Non-Assimilated Lessons of the Crisis. The Issue of Signalling. amalia.cristescu@economie.ase.ro 3. Post-Crisis Economics. The Issue of Solutions. alexandra.adam@economie.ase.ro 4. Models of the Global Economy. The Issue of Identity. liana.badea@economie.ase.ro 18 Notes: 19 20