ANALYSIS ON THE RELATIONSHIP BETWEEN THE PROFIT TAX AND INVESTMENTS IN THE CONTEXT OF A GLOBALISED WORLD. CASE STUDY – ROMANIA
Journal Title: CES Working Papers - Year 2010, Vol 2, Issue 3
Abstract
Although it is a relative old concept, having ruts in the writings of the late „60s, globalization has become in current times a cliché, being used in many parts of the world and in many languages but not having a specific definition. Financial globalization is considered to be the core element of the process of globalization and consists in a complex integration of financial markets through exchange and financial flows. In this context, the economic agents are considered to be important players, given the fact that fortheir investments they appeal to financial recourses wherever they may be. However there investment behavior is greatly influenced by the state, through the fiscal policy, especially through a very important instrument at its disposal, the profit tax rate.The aim of this paper is to emphasize the evolution of the relationship between the profit tax and investments, in the case of Romania from 1990 until 2008, trying to show particular developments of each of this two variables studied and the relations between them, the amplitude of influence exercised by them. The paper also focuses upon a better understanding of how the variables analyzed influence the real economy in this globalized environment.
Authors and Affiliations
Dumitru Oanea , Marius Apostoaie
Keywords
Related Articles
- EP ID EP91750
- DOI -
- Views 131
- Downloads 0
SPECIFICS OF THE ENERGY MARKETS
In this paper we have analyzed the specific characteristics of the energy markets in general and the products transacted, in particular. Due to its unique features, electricity, one of the most important products for the...
THE EASTERN PARTNERSHIP OF THE EU – THE CHALLENGES AND THE OPPORTUNITIES IN THE CONTEXT OF THE UKRAINE’S CRISIS
The aim of this paper is to highlight the political limits and the strategic and geopolitica ldilemmas of the European Union’s approach concerning the Eastern Neighbourhood. For this reason, the research will examine the...
MODELLING THE DEVELOPMENT OF THE INTEGRATION PROCESSES DIRECTION IN THE BAKING INDUSTRY
The paper presents the characteristics of the economic interaction between organizations and enterprises within the system of cluster type and the direction of their investment and innovation transformation through the i...
CITY BRAND PERSONALITY – AN INTERNATIONAL CONCEPT WITH REGIONAL APPLIANCE IN THE TOURISM DEVELOPMENT STRATEGY
The personality of a city is an important concept to be created and evaluated by local administrators as this should be part of the touristic strategic approach. The aim of this paper is to create a research instrument...
COMPARISON OF SCIENTIFIC SOCIO-ECONOMIC RESEARCH PERFORMANCES IN EASTERN EUROPEAN UNIVERSITIES
Scientific research performance measurement and its analysis creates the context where universities are forced to develop strategies to increase the values obtained from indicators such as number of scientific articles,...