Revista OEconomica

Alexandru POPOVICI - Mass-Energy Models of the Economy – Concepts and Realities (II). Energy Flow Analysis

Ramona Iulia DIEACONESCU, Andra Nicoleta MECU, Florentina CHIŢU - Assessing the Interplay of Natural and Anthropogenic Factors in Climate Change: An Economic and Environmental Analysis [Evaluarea interacţiunii factorilor naturali şi antropici în schimbările climatice: o analiză economică şi de mediu]

Răzvan PÎRCĂLĂBESCU - Trade Relations between Romania and the United Mexican States: Export Challenges and Opportunities [Relaţiile comerciale ale României cu Statele Unite Mexicane: provocări şi oportunităţi ale exportului]

Cristian MANOLACHI - Critical Considerations on How Subsidies, Legal Constraints and Physical Barriers Affect Well-Being and Economic Freedom in Today’s European Union

Anca TAMAŞ - Book Review / Recenzie de carte: Matt Ridley, Inovaţia – Cum funcţionează şi de ce îi prieşte libertatea, Bucureşti, Editura Orion, 2021

Articles on Issue Theme

Dragoş NEGRESCU

Academia de Studii Economice din Bucureşti

The literature devoted to economic development concerns itself in a growing de-gree with the role and importance of institutions. The main function of institu-tions is to shape the expectations of entrepreneurs so as to improve the coordina-tion of their interactions. Because expectations are inherently subjective, reaching the expected goal is essentially dependent on credibility. There are no standard recipes for covering credibility gaps. Devising strategies for the reinforcement of credibility requires the identification of problems, which trigger different re¬sponses, with a broad range of ways and means, of very eclectic composition.