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Gabriela Ionescu


The paper examines from an empirical point of view the state of economic sustainability of Romania on the period 2007 - 2017. To this end, a set of macroeconomic indicators for sustainability was used. To be mentioned this set of indicators is elaborated within The Centre for Financial and Monetary Research "Victor Slăvescu", in its annual publication named "Financial stance of Romania". Although the obtained results in the past are coherent with the main macroeconomic dynamics on the analysed period, it seems that these results must be correlated with the so-called cyclical position of the economy, but this analysis will be done in the future. The study puts into evidence the importance of sustainability analyses in addition to the usual descriptive analyses, because they indicate not only the macroeconomic evolution, but also the national economy tendencies from the sustainability perspective.

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Retselisitsoe Isaiah Thamae, Leboli Zachia Thamae and Thimothy Molefi Thamae

-3696. Jamil, F., Ahmad, E., (2011), Income and Price Elasticities of Electricity Demand: Aggregate and Sector-wise Analyses, Energy Policy, Vol. 39, no.9, pp. 5519-5527. Johansen, S., (1988), Statistical and Hypothesis Testing of Cointegration Vectors, Journal of Economic Dynamics and Control, Vol. 12, no. 2-3, pp. 231-254. Johansen, S., (1995), Likelihood-Based Inference in Cointegrated Vector Autoregressive Models, Oxford University Press, Oxford. Kalman, R.E., (1960), A New Approach to Linear Filtering and Prediction

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Graham E. Heaslip and Elizabeth Barber

overlaps that occur between each of the phases of the full emergency relief cycle ( Figure 2 ). Safran (2003) usefully emphasises the cyclical nature of disaster relief (see Figure 3 ). Many humanitarian organisations adopt the circular, learning loop model that links these phases to each other, borrowing from Safran’s (2003) disaster relief cycle. Figure 2 A suggested model of emergency recovery (Source: Haas et al., 1977) Figure 3 Safran’s circular model (Source: Safran, 2003) Nevertheless in this cyclical model the overlap between