These proceedings constitute a selection of best papers from the 3rd International Conference on Economics and Social Sciences, Innovative Models to Revive the Global Economy, ICESS 2020, held in Bucharest, Romania, in October 2020.
This book is a collection of research findings and perspectives related to recent economic challenges determined by the global crisis due to COVID 19, led by the set of improvements and changes in the economic, societal, and technological structures and processes towards the effort of reaching the sustainability goals. During a crisis, countries, and businesses must respond promptly to ensure survival. They need to rethink social contracts, redefine work and consumption, mobilize resources at speed and scale, and at the same time rethink patterns from global to local. The innovative models presented in this book aim to ensure simultaneous economic development, social development, and environmental protection, to achieve a higher quality of life for all people, and protect all living beings and the planet.
Author(s): Alina Mihaela Dima, Ion Anghel, Razvan Catalin Dobrea
Series: Springer Proceedings in Business and Economics
Publisher: Springer
Year: 2021
Language: English
Pages: 327
Preface
Contents
Challenges in the Romanian Healthcare System in the Context of the COVID-19 Pandemic
1 Analysis of the Healthcare Field
1.1 Number of Employees in the Healthcare Sector
1.2 Financing Scheme in the Healthcare System
1.3 Operational Capacities of the Romanian Healthcare System
1.4 Performance Results in the Healthcare System
1.5 Medium- and Long-Term Dynamics
2 Impact of the COVID-19 Pandemic on the Healthcare System
2.1 Materials and Methods
2.2 Analysis of the Healthcare Impact of COVID-19 Based on Secondary-Source Data
2.3 Analysis of the Healthcare Impact of COVID-19 Based on Primary-Source Data
3 Suggested Measures Aimed at Mitigating the Effects of COVID-19 and at the Recovery of the Field on the Short, Medium and Long Terms
4 Conclusions
References
The Impact of COVID-19 Crisis on the Romanian Agricultural Sector
1 Introduction
2 Evolution of the Sector
2.1 Number of Employees
2.2 Gross Value Added
2.3 Investments
2.4 Agricultural Income
2.5 Cultivation of Plants
2.6 Livestock
2.7 Trade Balance
3 The Impact of COVID-19 Crisis and Drought on the Sector
3.1 Social Impact
3.2 Economic Impact
3.3 Qualitative Research in Romanian Agriculture
4 Proposed Measures for Increasing the Competitiveness of Agriculture
4.1 Government Actions
4.2 Fertilizers
4.3 Irrigation
4.4 Actions of Large Companies
4.5 Actions of SMEs, Households, and Other Small Actors
5 Conclusions
References
The Challenges of the Higher Education Sector. The Impact of COVID-19 Crisis on the Educational Process—Case of Romania
1 Introduction
2 Specific Elements to Higher Education in the Context of the Pandemic
3 Specific Elements of the Romanian Higher Education Institutions Compared to the European Union
4 Analysis of the Students’ Perceptions on the Educational Process Implications During Pandemic Period
4.1 Methodology
4.2 Description of Statistical Research
4.3 Characteristics of Respondents
4.4 Interpretation of the Results from the Questionnaire
5 Conclusions and Recommendations
Appendix: Demographic Distribution of Respondents
References
Public Administration and Regional Development
1 Introduction
2 Considerations Regarding Public Administration and Regional Development in Romania. Insights from the Literature Review
3 The Analysis of the Public Administration Field in the 2009–2019 Period
3.1 The Human Resources from the Romanian Public Administration
3.2 The Analysis of the Public Services’ Development in the 2009–2019 Period
3.3 The Digitalization Process in the Romanian Public Administration
3.4 Recommendations for the Digital Transformation of the Romanian Public Administration
4 The Regional Effects of the COVID-19 Crisis
4.1 The Vulnerability Index by Development Region
4.2 Policy Measures for Reducing the Effects of the COVID-19 Crisis and for Relaunching the Regions’ Economies in the Short and Medium Terms
5 Conclusions
References
Restart the Hotel, Restaurant, and Travel Industry in Romania After the COVID-19 Pandemic
1 Introduction
2 Related Work
3 Research Methodology
3.1 The Industry Evolution Between 2014–2019
3.2 Analysis of the Correlation of the Sector with the Other Sectors of the National Economy—Leontief Model
4 Results and Discussions: The Impact of the COVID-19 Pandemic on the Industry
4.1 Social Impact
4.2 Economic Impact
5 Proposed Measures to Reduce the Effects of COVID-19 and to Restart the Sector in the Short and Medium Terms
6 Conclusions
References
Romania’s International Trade in Goods After the COVID-19 Crisis: Where to? An Empirical Investigation Based on Granger Causality Analysis
1 Introduction
2 Measures and Consequences Affecting International Trade as a Result of the Covid-19 Pandemic
3 The Evolution of International Trade in Romania During the Covid-19 Pandemic
3.1 The Situation in Romania’s International Trade Before the Covid-19 Crisis
3.2 Romania’s Trade in Goods During the Covid-19 Pandemic
4 Comparison with the 2008–2009 Financial Crisis
5 Investigating the Relationship Between Romanian Exports and EU Imports and Exports. An Empirical Investigation Based on Granger Causality Analysis
5.1 Methodology and Data
5.2 Empirical Results
6 Conclusions
References
Impact of COVID-19 Crisis on Banking Sector in Romania
1 The Impact of the Moratorium on Loans for Individuals on the Banking System in the Context of the COVID-19 Pandemic
1.1 Research Objectives
1.2 Short Presentation of Moratoriums on Loans in Other European Countries
1.3 Data and Assumptions
1.4 Methodology
1.5 Conclusions and Proposed Measures
2 The Evolution of Non-Performing Loans in the Romanian Banking System in the Context of the COVID Pandemic—19
2.1 Evolutions of the Banking System in the Period 2008–2019
2.2 Macroeconomic Shock Impact on Non-Performing Loans
3 Conclusions and Policy Recommendations
4 Annex
References
The Impact of COVID-19 on the Building Industry and on Real Estate Transactions in Romania
1 Introduction
2 Literature Review
3 Research Methodology
4 The Impact of COVID-19 on the Works Related to New Buildings, Refurbishments and Current Repairs
5 The Impact of COVID-19 on the Construction of Buildings and Real Estate Transactions
5.1 The Response on the Real Estate Demand Side
5.2 The Response on the Real Estate Supply Side
5.3 The Response at the Level of Real Estate Prices and Concluded Real Estate Transactions
6 The Impact of COVID-19 on Construction Engineering Works
7 The Impact of COVID-19 on Human Resources in the Building Industry
8 Discussions
9 Conclusions
References
The Evolution of Romania’s International Trade in Services During the COVID-19 Crisis
1 Introduction
2 Impact of Pandemic on Services
3 The Evolution of International Trade in Romania During the COVID-19 Pandemic
3.1 The Situation in Romania’s International Trade Before the COVID-19 Crisis
3.2 Romania’s Trade in Services During the COVID-19 Pandemic
4 Comparison with the 2008–2009 Financial Crisis
5 Conclusions
References
The Impact of COVID-19 Crisis on Fiscal Environment in Romania
1 Introduction
2 The Analysis of the Fiscal-Budgetary Framework
3 Measures Implemented by Romania in Order to Reduce the Effects of COVID-19
4 Business Environment Perception of the Impact of the COVID-19 Pandemic on Business
4.1 Methodology, Description of Statistical Research and Characteristics of Respondents
4.2 The Interpretation of the Surveys’ Results
5 Conclusions and Recommendations
References
Macroeconomic Policies, Economic Revitalization
1 The Economic Situation at the Beginning of the Pandemic
2 The Economic Policy Trends Adapted to the Pandemic Situation
3 Macroeconomic Impact. Fiscal Multipliers and the Potential Effect of Macroeconomic Policies
3.1 The Impact on the Romanian Economy
4 Impact on the Budget Deficit
4.1 Estimation of Tax Multipliers
5 The Capacity to Mitigate the Effects of COVID as a Result of the Fiscal-Budgetary Measures Announced in Romania
5.1 A Coherent Industrial Policy in the COVID Pandemic 19
5.2 Analysis of the Evolution of the Labour Market
5.3 The Influence of the Health Crisis on the Labour Market
6 Measures for Economic Revitalization
7 Pandemic Investment Policy
8 Proposed Measures to Improve the Capacity to Manage the Economic Activity
References
Assessment of the Impact of COVID-19 Pandemic on the Romanian Transportation and Storage Sector
1 Introduction
2 Analysis of the Evolution of the Transportation and Storage Sector in the Period 2008–2018
3 The Behaviour of the Transportation and Storage Sector Under the Impact of the New Coronavirus Pandemic Crisis
3.1 General Impact
3.2 Social Impact
3.3 Economic Impact
3.4 Analysis Related to Sentiment Indicators
4 Conclusions and Recommendations
References
The Impact of COVID-19 on the Wholesale and Retail Trade—Repair of Motor Vehicles and Motorcycles Sector in Romania
1 Introduction
2 Literature Review
3 Methodology
4 Place and Role of the Wholesale and Retail Trade—Repair of Motor Vehicles and Motorcycles in Romania’s Economy
5 Recovery Time for the Sector Wholesale and Retail Trade—Repair of Motor Vehicles and Motorcycles After the 2008 Crisis
6 The Impact of COVID-19 on Wholesale and Retail Trade—Repair of Motor Vehicles and Motorcycles During the State of Emergency
7 Proposed Measures for Reducing COVID-19 Effects and Re-Launching Wholesale and Retail Trade, Repair of Motor Vehicles and Motorcycles on the Long-Term and Medium-Term Run
8 Conclusions
References
Effects of the Covid-19 Pandemic on the Water Distribution, Sanitation, Waste Management, Decontamination Activities Sector
1 Introduction
2 Literature Review
3 Research Methodology
4 Results and Discussions
5 Conclusions
Annex
References
The Impact of the Early Stages of COVID Pandemic Lockdown on Romania’s Consumers’ Behavior
1 Introduction
2 Literature Review
3 Research Methodology
4 Economic Effects of the COVID Pandemic
5 A Structural Model of the Perception of COVID Impact on Romania’s Economy
6 Conclusions and Measures Proposed for Reducing the Effects of COVID-19 and Re-Launching the Economy in the Short Run
References
