Revista OEconomica

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Ana Octavia ALBU - When Accurate Forecasts Still Produce Waste: Demand Shocks and Over-Forecasting Risk in Food Retail

Adrian-Ioan DAMOC - The Persian Pivot and the Reconfiguration of Geopolitical Realism: Iran and Venezuela in Strategic Competition among the United States, China, and Russia

Emmanuel Olusegun STOBER - Coercive Diplomacy in the Gulf and the Limits of the Strike-Forward Strategy: Toward a Middle-Power Coalition for Regional Stability

Sorin-Nicolae CURCĂ - On the Informational Entropy of Economic Shock

Florin DĂNESCU - The Banking Sector as Critical Infrastructure in the Logic of Hybrid Conflict: Post-2014 Legislative Convergence in Central and Eastern Europe and the Case of Romania

Alexandru POPOVICI - The Contribution of the Music Industry to GDP and Employment: A Comparative Analysis

Mohammed AL-NASSERY - Implications of the War in the Middle East: An Analysis of the Economic, Security, Humanitarian, and Political Dimensions

Mihai LĂCĂTUŞ - GDP as a Means, Not an End: Inequality as the Missing Variable in Fiscal Policy Design – A 60-Country Analysis of Economic Growth and Subjective Well-Being

Articles on Issue Theme

Emil DINGA

Academia Română

The paper aims to discuss the concept of fiscal sustainability, in the framework of the general sustainability property of a system. To this end, after some theoretical preliminaries, a set of algebraic formalizations is provided in order to capture the concept of fiscal sustainability from a methodological perspective. Some criteria and macroeconomic indicators are proposed and examined for measuring the state and the dynamics of fiscal sustainability. Then, the formal acquisitions are used empirically to assess the state of fiscal sustainability in Romania. Finally, some considerations regarding our own proposals are made, while also including some methodological precautions.

ŒCONOMICA no. 2/2019

Keywords: fiscal sustainability, sustainability modelling, algebraic formalization, fiscal stance, fiscal system

JEL: B41, E62, H30

An Assessment of Fiscal Sustainability in Romania

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