Timisoara Journal of Economics and Business https://www.tjeb.ro/index.php/tjeb <p><a href="../../../../">Timisoara Journal of Economics and Business</a> (formerly <a href="http://www.tje.uvt.ro/index.php/tje" target="_blank" rel="noopener">Timisoara Journal of Economics</a>, 2008-2012) is a peer-reviewed on-line journal open to high-quality papers from all fields of modern economics and business. The journal will release two issues per year, one in June and one in December. The journal focus is on empirically oriented papers. However, good review papers or high quality theoretical contributions are welcomed as well.</p> <p>ISSN 2286-0991; ISSN–L 2286-0991</p> <hr> <article class="obj_article_details"> <div class="row"> <div class="entry_details"> <p><a title="Link TJEB on De Gruyter Open" href="http://www.degruyter.com/view/j/tjeb?rskey=ORQDKz&amp;result=1" target="_blank" rel="noopener"><strong><img title="De Gruyter logo" src="../../../../public/site/images/camelia-margea/De_gruyter.jpg" alt="De Gruyter Open logo" width="123" height="68"></strong></a></p> <a title="Link TJEB on De Gruyter Open" href="http://www.degruyter.com/view/j/tjeb?rskey=ORQDKz&amp;result=1" target="_blank" rel="noopener"><strong>Timisoara Journal <br>of Economics <br>and Business</strong> <br>in DE GRUYTER OPEN</a><br>(since 2014)</div> <div class="main_entry"> <p><em>Timisoara Journal of Economics and Business</em> is covered by the following services:</p> <p>AcademicKeys; <a title="Baidu Scholar" href="http://xueshu.baidu.com/s?wd=%22Timisoara+Journal+of+Economics+and+Business%22&amp;rsv_bp=0&amp;tn=SE_baiduxueshu_c1gjeupa&amp;rsv_spt=3&amp;ie=utf-8&amp;f=8&amp;rsv_sug2=0&amp;sc_f_para=sc_tasktype%3D%7BfirstSimpleSearch%7D&amp;rsv_n=2" target="_blank" rel="noopener">Baidu Scholar</a>; Cabell's Directory; Caboose Open Directory; <a title="CEJSH (The Central European Journal of Social Sciences and Humanities)" href="http://cejsh.icm.edu.pl/cejsh/element/bwmeta1.element.issn-2286-0991" target="_blank" rel="noopener">CEJSH</a>; Celdes; CNKI Scholar (China National Knowledge Infrastructure); CNPIEC; Directory of Science; <a title="DOAJ (Directory of Open Access Journals)" href="https://doaj.org/toc/1844-7139?source=%7B%22query%22%3A%7B%22filtered%22%3A%7B%22filter%22%3A%7B%22bool%22%3A%7B%22must%22%3A%5B%7B%22term%22%3A%7B%22index.issn.exact%22%3A%221844-7139%22%7D%7D%2C%7B%22term%22%3A%7B%22_type%22%3A%22article%22%7D%7D%5D%7D%7D%2C%22query%22%3A%7B%22match_all%22%3A%7B%7D%7D%7D%7D%2C%22from%22%3A0%2C%22size%22%3A100%7D" target="_blank" rel="noopener">DOAJ</a>; EBSCO (relevant databases); EBSCO Discovery Service; EconBiz; <a title="Open source Economics articles Index" href="http://www.econbib.org/index.php/browse/index/111" target="_blank" rel="noopener">EconBib</a>; <a title="EconLit" href="https://www.aeaweb.org/econlit/journal_list.php#T" target="_blank" rel="noopener">EconLit</a>; EuroInternet; Genamics JournalSeek; <a title="Global Impact and Quality Factor" href="http://globalimpactfactor.com/timisoara-journal-of-economics-and-business" target="_blank" rel="noopener">Global Impact Factor (GIF)</a>; Google Scholar; <a title="Index Copernicus" href="http://journals.indexcopernicus.com/Timisoara+Journal+of+Economics+and+Business,p4074,3.html" target="_blank" rel="noopener">Index Copernicus</a>; J-Gate; JournalTOCs; Naviga (Softweco); NewJour – Electronic Journals &amp; Newsletters; <a title="Global Impact and Quality Factor" href="http://oaji.net/journal-detail.html?number=2256" target="_blank" rel="noopener">Open Academic Journals Index</a>; Primo Central (ExLibris); ReadCube; <a title="Research Papers in Economics (RePEc)" href="http://econpapers.repec.org/article/wuntimjeb" target="_blank" rel="noopener">RePEc</a>; ResearchGate; <a href="https://sciendo.com/journal/TJEB">Sciendo</a>;&nbsp;<a title="SearchWorks catalog" href="https://searchworks.stanford.edu/view/10424610" target="_blank" rel="noopener">Stanford University Libraries</a>; Summon (Serials Solutions/ProQuest); TDOne (TDNet); Ulrich's Periodicals Directory/ulrichsweb; <a title="WorldCat (OCLC)" href="http://www.worldcat.org/title/timisoara-journal-of-economics-and-business/oclc/870997818&amp;referer=brief_results" target="_blank" rel="noopener">WorldCat (OCLC)</a></p> </div> </div> <p>&nbsp;</p> </article> en-US <a href="http://creativecommons.org/licenses/by-nc-nd/3.0/" rel="license"><img style="border-width: 0px; float: left; margin-left: 2px; margin-right: 2px;" src="https://i.creativecommons.org/l/by-nc-nd/3.0/88x31.png" alt="Creative Commons License" /></a>Licensed under the Creative Commons Attribution-NonCommercial-NoDerivatives 3.0 License. <br />(<a href="http://creativecommons.org/licenses/by-nc-nd/3.0/" target="_blank">CC BY-NC-ND 3.0</a>) (Since 2014) tjeb.editor@gmail.com (Mihaela NEAMȚU) camelia.margea@e-uvt.ro (Camelia MARGEA) Sun, 15 May 2022 00:19:21 +0300 OJS http://blogs.law.harvard.edu/tech/rss 60 Interplay between competitiveness, quality of life and corruption: Empirical evidence from Europe https://www.tjeb.ro/index.php/tjeb/article/view/351 <p>National competitiveness and citizens' happiness are important goals for political leaders. Thus, the need to create and implement systems and processes is arises to ensure public policies, thereby contributing to the sustainable development of a country or community. Globally, despite attempts to achieve satisfactory results on improving living standards, arise obstacles that may alter the finality of the desired results. This paper examines, first of all, the influence of one of the most significant such obstacles, corruption, by examining its relationship with competitiveness. A second direction of analysis is focused on studying how the effects of happiness contribute to the development of national competitiveness. Specifically, the analyses performed on corruption and happiness include various indicators of a political and social nature, being achieved at European Union level and on geographical clusters. The article highlights the importance of the influence of the role of corruption in economic and social life with a strong impact on competitiveness and the level of happiness shown. Corruption, as a mode of action of public institutions, will influence and affect economic results, resulting in the decline of national competitiveness.</p> <p>The analysis of competitiveness data is based on the Global Competitiveness Report for the period 2015-2019, the data on the perception of corruption come from the analysis of the Corruption Perception Index and the data on the global happiness from the Global Happiness Report for the same periods. The results show that most of the case, the nations with a low degree of corruption are the most competitive, at the same time showing a high level of happiness of the population.</p> Bianca Andreea Calin, Valentin Partenie Munteanu ##submission.copyrightStatement## http://www.degruyter.com/view/supplement/s22860991_Open_Access_License.pdf https://www.tjeb.ro/index.php/tjeb/article/view/351 Fri, 08 Apr 2022 00:00:00 +0300 Impact of Interest Rates on Exchange Rate in Nigeria: An Analytical Investigation https://www.tjeb.ro/index.php/tjeb/article/view/347 <p><em>This work examined the impact of interest rates on exchange rate in Nigeria. Data set was monthly collected from the Central Bank of Nigeria online database. Interest rates were represented by short term interest rates proxied by Lending Rate, Treasury bill rate, Saving/deposit rate and Time deposit rate. Price level (inflation rate) was included as a macroeconomic variable, between January 2007 and April 2021. Auto-Regressive Distributed Lag and Cointegration techniques were employed. Findings showed that in the short run, only Treasury bill rate and Price level have significant impact on foreign exchange rate. However, in the long run, all the four variables used to proxy short term interest rate have significant impact on foreign exchange rate in Nigeria. Although the speed of adjustment or switch was quite low, it was correctly signed and significant. The study therefore recommends that, the monetary authority uses Treasury bill rate to influence local currency to achieve short term goal and should adjust the lending rate, Treasury bill rate savings/deposit rate and time deposit rate to achieve long term stability in the local currency exchange rate.</em></p> Abdurrauf BABALOLA ##submission.copyrightStatement## http://www.degruyter.com/view/supplement/s22860991_Open_Access_License.pdf https://www.tjeb.ro/index.php/tjeb/article/view/347 Sat, 14 May 2022 00:00:00 +0300 Changing economic positions of the regions during the post-crisis decade in Hungary https://www.tjeb.ro/index.php/tjeb/article/view/357 <p>Most Central and Eastern European countries converged to the EU average in terms of per capita GDP over the post-crisis decade, which was mostly fueled by the increase of employment. At the same time, labour productivity increased at a significantly slower pace, or it even decreased in some years or areas in real terms, which was also the case in Hungary. The most successful regions were not definitely the capital regions, but those that relied heavily on FDI inflow. However, in the last few years of the previous decade, as a result of the high-pressure economy, economic dynamism reappeared in the central region of Hungary and it regained its leading position. We intend to study the regional dynamics of the growth factors over the period after the global financial and economic crisis in Hungary; and to assess the importance of FDI in determining these growth trends. We use explorative statistical methods to analyze the decade-long economic trends regarding the most important labour-market and output indicators at the NUTS3 level provided by the Hungarian Central Statistical Office. The main message of our paper is that for regions with a high degree of FDI their sectoral structure ensures economic stability, while the central region is more vulnerable to the fluctuations of demand-side pressure. At the same time, backward regions are stagnating due to the lack of positive spatial spillover effects</p> Zsuzsanna Zsibok ##submission.copyrightStatement## http://www.degruyter.com/view/supplement/s22860991_Open_Access_License.pdf https://www.tjeb.ro/index.php/tjeb/article/view/357 Sat, 14 May 2022 23:37:18 +0300 Business Failure Risk Assessment and Mapping Activities with the Greatest Potential for Development – Sector Analysis https://www.tjeb.ro/index.php/tjeb/article/view/358 <p>Given that medium-sized enterprises are key drivers of economic growth, identification of sectors and activities in which these enterprises are most successful is a prerequisite for effective policy support. This is particularly relevant for developing countries that face numerous challenges in achieving sustainable economic growth and development. Accordingly, the objective of the research is to assess the risk of financial failure of medium-sized enterprises and map the activities with the greatest potential for development in the Republic of Serbia. The subject of the research is the key financial performance of medium-sized enterprises in 2019. The data were obtained from the official financial statements publicly available on the website of the Business Registers Agency. The research objective was realized by applying the financial analysis method and Altman Z-score model. The purpose of the research is to identify activities that are attractive for investments and in which there are enterprises with significant potential for business innovation and networking. The research results show that enterprises operating in the wholesale and retail trade sectors have the lowest financial failure risk. The largest number of activities with significant potential for development are identified in the manufacturing sector. Also, the research determined which activities in the sectors of wholesale and retail trade, construction and agriculture have the greatest potential for development.</p> Sonja Đuričin, Isidora BERAHA ##submission.copyrightStatement## http://www.degruyter.com/view/supplement/s22860991_Open_Access_License.pdf https://www.tjeb.ro/index.php/tjeb/article/view/358 Sat, 14 May 2022 23:37:59 +0300 Migration, Innovation and Growth in the European Union https://www.tjeb.ro/index.php/tjeb/article/view/348 <p>In today's globalised world, international migration represents one of the most important topics of the 21st century, with diverse effects on a country's economic, political, and social dimensions. Depending on how well government actors succeed to manage these flows, the positive effects can be further boosted, while the adverse effects can be diminished (for both receiving and sending countries). A great deal of attention must be paid to policy strategies that foster domestic investments and innovation, as they represent a meaningful engine of economic growth, influencing positively and significantly the income in the long run. This research aims to evaluate the influence of human capital (with a focus on foreign human resources), innovation activities and investments (finance and support) on per capita economic growth (proxied by GDP per capita), in the case of all the European Union countries. The timeframe is between 2014 and 2021. For the econometric analysis of the panel data, we used Fixed-Effects regression and System GMM approach (both short-run and long-run estimations). The econometric results emphasise the positive and statistically significant effects (both on short-run and long-run) of foreign PhD students, patent applications, resource productivity, employment in innovative enterprises and tertiary educated people on per capita economic growth. The coefficients of the independent variables were higher in the long run than in the short run. Therefore, in the long run, a one standard deviation improvement in variables: foreign PhD students and patent applications lead to a 0.014-fold, respectively 0.088-fold increase in the logarithm GDP per capita.</p> Elena Sinoi ##submission.copyrightStatement## http://www.degruyter.com/view/supplement/s22860991_Open_Access_License.pdf https://www.tjeb.ro/index.php/tjeb/article/view/348 Sat, 14 May 2022 23:38:58 +0300