DECISIONS AND INFLUENCES – THE PREMISES OF RESTRICTIVE ECONOMIC AND BANKING POLICIES IN THE CURRENT ECONOMIC AND SOCIAL CONTEXT

Year 2023, Volume: 16 Issue: 1, 144 - 148, 01.02.2023

Mircea Mihaiela Joly Schiop Roxana-dalıana

https://doi.org/10.17261/Pressacademia.2023.1679

Abstract

Purpose- This scientific approach aims to review the decisions taken by the European Union regarding the sanctions applied to Russia and analyze the impact they have in the economies of the European Union countries and on companies in Romania in particular. The regional development policy, which has as its main objective the achievement of an inter- and intra-regional distribution within the activities and their results as efficient and equitable as possible, is one of the most important and complex policies of the European Union. The steps taken so far, regarding the removal of the economies of the European states from the economic crisis they are in, have the role of helping the various sectors of activity to overcome the difficulties they are going through and to relaunch the areas of activity that are at a standstill due to the restrictions in regarding the export and import of raw materials, materials and goods. Thus, the study wants to highlight the needs that the European economies and implicitly the sectors of the Romanian economy have at this moment.
Methodology- In this study, the research methodology was carried out using the random effects model, analyzing the data series from the panel. The descriptive analysis provided an assessment of the main characteristics of the data series: average, standard deviation, minimum and maximum values. The generated results highlight a good distribution of resources, thus determining a better financial performance, measured by the composite index, ROA, ROE and EPS. The practical implications are relevant for the proper functioning of the entire economic system of societies and for the continuity of the activity itself.
Findings- From an econometric point of view, economic variables have been studied in terms of the influences they have exerted on other economic variables and the influences that other variables have exerted on them. The links that were identified between the variables were established both in terms of causality and by the intensity established between them. In addition to the specific stages of the regression analysis, it was also important to determine the intensity of the connection between the variables included in the econometric model. Thus, the determination of the intensity of the connection is the object of the analysis.
Conclusion- The research is intended to be an X-ray of the existing situation in the economy of the European Union and Romania, Therefore, it becomes a useful tool for the Romanian business environment in terms of short-term adaptation to current market conditions and long-term decision making.

Keywords

Economic indicators, instability, crisis, sanctions and restrictions, economic policies

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