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The Link Between Economic Growth, Crime and Deterrence Measures in Nigeria

Abstract

The level of crime in Nigeria has become devastating and in order to put more sanity into the economy and the country at large, the Government has embarked on different deterrence measures in curbing crime. Thus, this study examined the interaction of deterrence measures with crime in order to see how economic growth was affected when they were used in curbing crime at different instances. That is, the interaction of deterrence measures with crime informed us how they have helped in lowering crime in Nigeria for a better economic growth to subsist. The deterrence measures considered in this work are in line with the rational choice theory being the cost of crime imposed on the society. Furthermore, this study considered data from 1975 to 2013 with the use of autoregressive distributed lag model. Moreover, the results showed that crime dependency on deterrence measures asymmetrically constituted means of lowering economic growth in the country. Hence, this study suggested that prosecution should be well funded and in order to curb crime and improve economic growth in Nigeria. That is, this would afford the country to reduce the congestion of prison inmates and thus, it would discourage long waiting trials.

Open access
Price Determination for Educational Services Based on the Investments in Education

Abstract

The study aims at highlighting the link between educational marketing (product/service and price determination for educational services) and investment in education, using empirical models and customization of classic approaches (interpolation method) addressed to individual educational investment.

The methodology discussed in the paper, considers essential invariants of these educational investments, such as seniority - part of the work experience and period of studies. In the models presented, the level and the period of studies are quantified through transferable credits, expressing units of time, normal volume of working alleged student learning. It is also used a parameter which introduces an essential element of the quality of work - the psycho-physical characteristics of the fellow that are correlated with age.

Empirical study materializes on developing, while testing and validation of the models show that the rate of return to investment in education is a rationale for individuals to decide investing in their education. The study offers some customized recommendation to improve reverse marketing price policy of the educational services.

The study results lead us to the conclusion that education providers (colleges, universities, other training entities) and clients should take into account that education is an investment. The private return of investment in education - as argument of educational marketing (price policy) is increasingly important in the context of a fragmentary and dynamic market, led by strong competition.

Open access
Specific Aspects of Unregistered Unemployment in the Western Part of Romania

Abstract

The paper aims at highlighting a current phenomenon on the labour market in Romania, related to the existence of important categories of unemployed persons and looking for a job, but not registered in the statistics of state institutions dealing with unemployment.

The analysis is conducted in the area of western Romania (for the Arad, Bihor and Timis counties) and aims categories of unemployed people with different skill levels, which for different reasons, are not accounted for statistically.

Open access
Theoretical and Practical Issues in Business Valuation

Abstract

Business valuation is dealing with a series of difficulties, legislative and/or normative inaccuracies, as well as problems related to divergent results obtained by standard approaches. This material is synthesizing some of these problems, highlighting possible research directions. Each of the standard approaches is investigated, theoretically and practically analyzed, and the conclusions constitute a basis for developing new theories in the field of valuation.

Open access
Comparative Study on Different Types of Regression Applied to Unemployment in Maramures County of Romania

Abstract

We are studying the economic phenomenon of the unemployment in Maramures County of Romania. To obtain plausible conclusions regarding this study we apply different types of regression: the linear regression, polynomial regression, spline and B-spline regression. In this paper we focus on the numerical side of the research and we compare the predicted values, the graphic representation of the evolution, the future predictions and the errors generated by the regressions mentioned above. The calculations are performed in R, a programming language for statistical computing. An implementation in R is given.

Open access
How Taxes Can Contribute to The Implementation of The Public Governance Strategy? – An Analysis for Eastern European Countries

Abstract

The paper begins with a short literature review regarding the public governance concept in the EU approach and its methods for establishing a common way to manage different situations for all member states; we discovered that the problems they confront with have to do with good governance and qualitative public administration. In the second part, we developed an econometric model for three Eastern European countries and we found a strong correlation between the total revenues from taxes and social contributions and total gross debt in 2002-2014 period. We ended the paper by emphasizing the conclusions obtained.

Open access
Human Capital Quality and Development: An Employers' and Employees' Comparative Insight

Abstract

The aim of the paper is to compare the employers' and employees' insights on human capital quality defining and human capital development at organisational level, based on a survey carried out in the county of Satu Mare, Romania. Our findings show that as human capital buyers, employers understand by human capital quality professional background and skills, professional behaviour and efficiency and productivity for the organisation. As human capital sellers, for employees human capital quality means health and the ability to learn and to be suitable to the job requirements. Regarding the opportunities to develop the organisational human capital, the views of employers and employees are very different when the level of discussion is international (macro-level). Employees consider that the international environment has a greater impact on human capital development in their organisation as the employers.

Open access
The Perception of Respondents of Packaging Innovations in Slovakia

Abstract

The paper deals with the evaluation of the perception of packaging innovations in terms of their functions through the Kano model. It focuses on the evaluation of the perception of innovation of all main seven functions of packaging, in particular on handling, protective, informative, economic, environmental, promotional and ecological packaging functions. The results indicate that the target groups interested in the new innovative packaging are mostly in age between 41 to 60 years. These groups have the highest requirements for new packaging. The innovations of handling functions of packaging have the most significant influence on the older generation. However, almost all ages categories positively recognize ecological innovations of packaging.

Open access
Regional Specialisation and Economic Concentration in Romania

Abstract

The purpose of the paper is to give an overview of the changes in the structure of industries in Romania, specifically on the questions (1) whether the industrial structures become more similar or more different in the Romanian regions and (2) whether the Romanian industries become more concentrated or more dispersed. EUROSTAT regional data on Gross Value Added and employed population for the period of 2000-2013 are used in order to calculate several statistical indices of specialization and concentration (Krugman, Entropy, Hirschman-Herfindahl, Lilien Index and Gini coefficient). By comparing the values of these different measurements, the main finding is that Romanian regions become less specialized, while industries become slightly more concentrated. The speed of structural changes in all Romanian regions registered a noticeable slowdown of the speed of sectoral changes after the economic crisis. Our conclusions provide useful information for the economic policy makers in investment funds allocation or employment measures designing.

Open access
Direction of Causality Between Financial Development and Economic Growth. Evidence for Developing Countries

Abstract

The results of extensive studies that analyzed the existence and meaning of correlations between the economic growth and the financial market development lead us to a more thorough study of these correlations. Therefore, we performed a broad study of the developing countries from around the world (the developing part of each region constructed by the World Bank through its Statistics Bureau). The regions taken into analysis were: Europe and Central Asia, South Asia, East Asia and the Pacific, the Arab world, Latin America & and the Caribbean, the Middle East and North Africa, and Sub-Saharan Africa. For comparison purposes, we have also included in the sample the North American countries, the Euro Area and the European Union as a whole, because these last three areas are the main benchmarks of the financial markets. The results are consistent with those from previous studies on the subject and vary depending on region and financial indicator considered.

Open access