System failures in public sector innovation support measures: The case of Estonian innovation system and dairy industry

The external and internal context of the firms is influenced by governmental interventions. For a long time the discussion over government interventions to the market processes and economic environment has taken place. It is accepted by different researchers including supporters of social market economy that some interventions are necessary to create general framework for and achieve desirable outcomes of economic processes through laws, regulations etc. There are different approaches discussing whether and how strongly government should intervene. Reasons for and circumstances in what public sector should intervene and weather the intervention itself creates additional failures or not have mainly been rested on two concepts: market and system failures (Edler, Georghiou 2007: 952). --Innovation Molkereiindustrie,Estland

ASSESMENTS REGARDING METHODOLOGY AND THE SIGNIFICANCE OF THE MAIN MACROECONOMIC INDICATORS

This paper highlights a parallelism between the methodologies of determining the macroeconomic factors used in Romania before and after 1990. It is known that before 1990, the Romanian statistics used a methodology which was based on the Material Production System (MPS) in order to determine the macroeconomic indicators (social product, national income). Taking into consideration the experience of the occidental countries and Romania�s intention to integrate in the European Economic Community, the Romanian statistics has adopted and gradually introduced after 1990 the National Accounts System (NAS), which is used in the European Community. This article will reveal some aspects regarding the characteristics of the two systems, as well as some observations which aim at the methodology which is used within these systems in order to determine the macroeconomic indicators. Thus, the main characteristics of the methodology of Material Production System are presented together with a particularization of the components of the Global Social Product. Consequently, the characteristics of the methodology of the National Accounts System are highlighted, emphasizing the calculation of the Gross Domestic Product. A parallelism between the calculations of the two indicators is conducted, indicating which components are included in each calculation.social product, gross domestic product, material production system, national accounts system

The main theories of the dividend decision

This paper has like objective to present the main theories of the dividend decision. So, after a short introduction we present Lintner’s partial adjustment model, models derived from the Lintner’s and residual dividend theory.theories, dividend decision, adjustment model

Particularities of the Correlation between the Unemployment Rate and the GDP in the Dynamics of the Romanian Economy

This paper tries to outline some aspects of the interdependency between the unemployment rate and the GDP rhythm under the specific circumstances of the Romanian economy in the pre-accession period to the EU. The paper presents two methodological versions used in the study of this correlation, namely: the version of the level of the gross domestic product (LGDP) and the version of the growth rate (GR). The implementation of this methodology shows that the reversed connection between the two macroeconomic variables cannot be applied for Romania in the analyzed period. These situations are also proved and the end of the paper presents the way of using the results obtained for the preparation of predictions.unemployment rate, gross domestic product, Okun law.

APPRECIATIONS REGARDING THE PREDICTION OF THE GROSS DOMESTIC PRODUCT IN THE PERIOD AFTER ROMANIA’S ADHERENCE TO THE EU

The paper proposes to present a picture of the evolution of the GDP in the immediate period after Romania’s adherence to the European Union. In order to do this we find necessary a retrospective of the dynamics of this macroeconomical indicator in the period before the adherence. Thus, in the first part of the paper it is realized an analysis of the dynamics per total of the GDP but also per the components which enter its calculation through the final use method. In the second part, based on the obtained results, we determine the trend, we elaborate prognoses and analyze the rhythm of the dynamics and each component’s contribution to the GDP’s general dynamics.gross domestic product, final consumption, gross fixed capital formation, net export