This manuscript provides a brief review and analysis of the healthcare system in Romania. This study aims to comprehensively analyse the healthcare system in Romania, evaluating its strengths, weaknesses, and impact on the population’s access to quality healthcare services. Within the framework of the Romanian healthcare system, a multitude of pressing challenges endure. These encompass insufficient funding, shortages of medical personnel, and ineffectiveness in the provisioning of services. These impediments substantially hinder the accessibility of healthcare services, particularly in outlying and pastoral regions, thereby rendering the system susceptible and underserving certain demographics. Our investigation presents three hypotheses. The opening conjecture proposes that inadequate funding has a negative impact on the availability and standard of healthcare facilities in Romania. In addition, another hypothesis assumes that insufficient medical staff plays a considerable role in inequalities in access to and delivery of healthcare. Moreover, the existence of inadequacies in service provision serves as a significant barrier, obstructing the timely and efficient delivery of healthcare to those who need it. Our research encompasses a comprehensive analysis of key aspects of the Romanian healthcare system, ranging from healthcare infrastructure and financing mechanisms to service delivery and healthcare outcomes. Through a blend of qualitative and quantitative data sources, including government reports, academic studies, and statistical data, we have endeavoured to provide an in-depth evaluation. The analysis encompasses various aspects, including healthcare infrastructure, financing mechanisms, service delivery, and healthcare outcomes. Romania has a mixed healthcare system with both public and private providers. The primary level of care is delivered by family doctors, while hospitals and specialised medical centres provide secondary and tertiary care services. This research underlines the criticality of significant alterations being implemented in the healthcare system of Romania to address the issues arising from insufficient funding, a shortage of medical personnel, and shortcomings in service delivery. It is vital to tackle the obstacles presented by insufficient funding, the dearth of healthcare staff, and inadequacies in service delivery to attain impartial and reachable healthcare. By implementing these essential transformations, Romania can pave the way towards a healthcare system that efficaciously caters to the diverse requirements of its populace and guarantees the provision of prompt and superior healthcare services.

By using data for 45 countries, for a time span between 2009 and 2014, the present paper supports the thesis of a positive and significant correlation between the rule of law and capital market development. In order to achieve this goal, the Rule of Law variable reported by Worldwide Governance Indicators is considered. The relationship remains robust even if control variables such as other legal system variables, including protection of minority investors, enforcing contracts or strength of legal rights of borrowers and lenders as well as initial levels of market development, economic growth, market liquidity, domestic credit to private sector and foreign direct investments are considered.

In the present paper, we focus on the macroeconomic implications of the populist public policies and in particular on the effects of wage led growth strategy, which started to be applied in Romania from January 2017. Such a study is important as a practical example of applying this particular wage related public policy and sets the premises for analyzing its sustainability and its macroeconomic implications and costs. For analyzing the implications of the wage-led growth strategy upon the sustainability of macroeconomic variables, we have used an unrestricted VAR (vector auto regressive) and compared the effect of the impulse response functions with the recent evolutions of the Romanian economy. Thus, we have observed the effect of the wage led growth strategy, by using the average wage, trade deficit, number of employees, inflation rate, labor productivity, and minimum wage as variables. Our study shows that the wage-led growth policy had a strong positive impact on the number of employees and on inflation, increasing it, but a negative impact on productivity. In addition, we have seen a strong positive impact on increasing the trade deficit. These particular evolutions have left the Romanian economy with almost no fiscal and monetary space of maneuver in the face of the exogenous shock produced by the pandemic.

This paper defines the research problem by examining how the performance of public administration in Romania has evolved in response to major institutional, technological,…

The paper deals with a critical debate regarding the common conception on human needs and on their fulfilment through the concern for productivity and growth. It starts from the most common way of perceiving (and, implicitly, of developing) the economy, which is reappraised on the grounds of genuine liberalism; several routine approaches in economics and most common concerns in the economy are put under question. The debate brings conclusions related to a widened area of issues concerning the assessment of economic activities and core educational recommendations, implying interventionism focused on developing responsibility on the very long term.