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Review of Economic and Business Studies REVIEW OF ECONOMIC AND BUSINESS STUDIES International Editorial Board Professor Jim BELL, University of Ulster, Northern Ireland, United Kingdom Professor Jean-Pierre BERDOT, Université de Poitiers, France Professor Henri BOUQUIN, Université de Paris-Dauphine, France Professor Oana BRÂNZEI, York University, Toronto, Canada Professor Mihai CALCIU, Université de Lille, France Professor Cristian CHELARIU, York University, Canada Professor Bernard COLASSE, Université de Paris-Dauphine, France Professor Christian CORMIER, Université de Poitiers, France Professor Gerry RAMEY, Eastern Oregon University, United States of America Professor Jaroslav KITA, University of Economics Bratislava, Slovakia Professor Raymond LEBAN, Conservatoire National des Arts et Métiers, France Professor Luiz MONTANHEIRO, Sheffield Hallam University, United Kingdom Professor Louis G. POL, University of Nebraska at Omaha, United States of America Professor Bonsón Ponte, ENRIQUE, Universidad de Huelva, Spain Professor Danica PURG, President of CEEMAN, Bled School of Management, Slovenia Professor Jacques RICHARD, Université de Paris-Dauphine, France Professor Antonio García SÁNCHEZ, Universidad Politécnica de Cartagena, Spain Professor Alan SANGSTER, Aberdeen Business School, The Robert Gordon University, Scotland, United Kingdom Professor Victoria SEITZ, California State University, San Bernardino, United States of America Professor Peter WALTON, ESSEC Business School Paris, France National Editorial Board Professor Daniel DĂIANU, Member of the Romanian Academy, President of the Romanian Society of Economics Professor Emilian DOBRESCU, Member of the Romanian Academy Professor Aurel IANCU, Member of the Romanian Academy Professor Constantin IONETE, Member of the Romanian Academy Professor Mugur ISĂRESCU, Governor of the National Bank of Romania, Member of the Romanian Academy Professor Vasile IŞAN, rector of the Alexandru Ioan Cuza University of Iaşi Members Professor Dinu AIRINEI, Alexandru Ioan Cuza University of Iaşi Professor Ioan ANDONE, Alexandru Ioan Cuza University of Iaşi Professor Gabriela ANGHELACHE, Academy of Economic Studies, Bucharest Professor Maria BÂRSAN, Babeş-Bolyai University, Cluj-Napoca Professor Sorin BURNETE, Lucian Blaga University, Sibiu Professor Emil CAZAN, West University of Timişoara Professor Silviu CERNA, West University of Timişoara Professor Gheorghe CIOBANU, Babeş-Bolyai University, Cluj-Napoca Professor Vasile COCRIŞ, Alexandru Ioan Cuza University of Iaşi Professor Viorel CORNESCU, University of Bucharest Professor Dumitru COTLEŢ, West University of Timişoara Professor Nicoleta FARCANE, West University of Timişoara Professor Niculae FELEAGĂ, Academy of Economic Studies, Bucharest Professor Gheorghe FILIP, Alexandru Ioan Cuza University of Iaşi Professor Ion IGNAT, Alexandru Ioan Cuza University of Iaşi Professor Ion IONAŞCU, Academy of Economic Studies, Bucharest Professor Elisabeta JABA, Alexandru Ioan Cuza University of Iaşi Professor Alexandru JIVAN, West University of Timişoara Professor Mihai KORKA, Academy of Economic Studies, Bucharest Professor Dumitru MATIŞ, Babeş-Bolyai University, Cluj Napoca Professor Emil MAXIM, Alexandru Ioan Cuza University of Iaşi Professor Dumitru MIRON, Academy of Economic Studies, Bucharest Professor Constantin MITRUŢ, Academy of Economic Studies, Bucharest Professor Tatiana MOŞTEANU, Academy of Economic Studies, Bucharest Professor Panaite NICA, Alexandru Ioan Cuza University of Iaşi Professor Ştefan NIŢCHI, Babeş-Bolyai University, Cluj Napoca Professor Dumitru OPREA, Alexandru Ioan Cuza University of Iaşi Professor Magdalena-Iordache PLATIS, University of Bucharest Professor Victor PLOAE, Ovidius University , Constanţa Professor Nicolae Tiberiu Alexandru POP, Academy of Economic Studies, Bucharest Professor Atanasiu POP, Babeş-Bolyai University, Cluj Napoca Professor Ioan POPA, Academy of Economic Studies, Bucharest Professor Constantin POPESCU, Academy of Economic Studies, Bucharest Professor Dan POPESCU, Lucian Blaga University, Sibiu Professor Gheorghe POPESCU, Babeş-Bolyai University, Cluj Napoca Professor Spiridon PRALEA, Alexandru Ioan Cuza University of Iaşi Professor Ştefan PRUTIANU, Alexandru Ioan Cuza University of Iaşi Professor Ioan ROTARIU, West University of Timişoara Professor Ion Gh. ROŞCA, Academy of Economic Studies, Bucharest Professor Constantin SASU, Alexandru Ioan Cuza University of Iaşi Professor Ion STANCU, Academy of Economic Studies, Bucharest Professor Neculai TABĂRĂ, Alexandru Ioan Cuza University of Iaşi Professor Ioan TALPOŞ, West University of Timişoara Professor Gheorghe VOINEA, Alexandru Ioan Cuza University of Iaşi Professor Vergil VOINEAGU, Academy of Economic Studies, Bucharest Professor Dumitru ZAIŢ, Alexandru Ioan Cuza University of Iaşi Managing Editors Editor in chief: Professor Ion POHOAŢĂ, Alexandru Ioan Cuza University of Iaşi Assistant editor in chief: Professor Adriana ZAIŢ, Alexandru Ioan Cuza University of Iaşi Senior editor: Lecturer Olesia LUPU, Alexandru Ioan Cuza University of Iaşi Editors: Professor Marin FOTACHE, Alexandru Ioan Cuza University of Iaşi Professor Adriana PRODAN, Alexandru Ioan Cuza University of Iaşi Professor Mihaela ONOFREI, Alexandru Ioan Cuza University of Iaşi Professor Carmen PINTILESCU, Alexandru Ioan Cuza University of Iaşi Assistant Professor Costel ISTRATE, Alexandru Ioan Cuza University of Iaşi Lecturer Gabriela Gavril ANTONESEI, Alexandru Ioan Cuza University of Iaşi General editing secretary: PhD student Gabriel CUCUTEANU, Alexandru Ioan Cuza University of Iaşi Editorial Secretary PhD student Alin ANDRIEŞ, editing secretary PhD student Andreea IACOBUŢĂ, editing secretary PhD student Andrei MAXIM, editing secretary PhD student Ovidiu STOFOR, editing secretary PhD student Silviu TIŢĂ, editing secretary Content EDITORIAL .................................................................................................................................7 SCIENTIFIC RIGOUR, CREATIVITY AND DIALOGUE IN ECONOMIC SCIENCES............................ 9 Ion Pohoaţă RESEARCH PAPER ....................................................................................................................13 REAL CONVERGENCE AND INTEGRATION......................................................................................... 15 Aurel Iancu EVALUATION OF THE PERFORMANCE AND OF THE INTEGRATION OF THE EURO ZONE STOCK MARKET: WHICH ARE THE “RIGHT MOMENTS”? ................................................................ 29 Jean-Pierre Berdot EUROZONE – A SENSIBLE ABSORPTION OF RISK CAPITAL?.......................................................... 43 Cicero I. Limberea TOWARDS MEASUREMENT OF POLITICAL PRESSURE ON CENTRAL BANKS IN THE EMERGING MARKET ECONOMIES: THE CASE OF THE CENTRAL BANK OF EGYPT ................. 63 Ibrahim L. Awad EMPIRICAL EVIDENCE ON RISK AVERSION FOR INDIVIDUAL ROMANIAN CAPITAL MARKET INVESTORS ................................................................................................................................................. 91 Cristian Păun, Radu Muşetescu, Iulian Braşoveanu, Alina Drăghici DATA ANALYSIS WITH ORDINAL AND INTERVAL DEPENDENT VARIABLES: EXAMPLES FROM A STUDY OF REAL ESTATE SALESPEOPLE........................................................................... 103 G. Martin Izzo, Barry E. Langford CURRENT ISSUES....................................................................................................................117 PRO-CAPITALISM VS. ANTI-AMERICANISM IN 21ST CENTURY EUROPE .................................. 119 Sorin Burnete HISTORY OF IDEAS .................................................................................................................127 FROM THE HUMAN CAPITAL DEFINED AS ''HOMO OECONOMICUS RATIONALIS'' TO THAT OF THE RATIONALLY BOUNDED AND OPORTUNISTIC ''HOMO CONTRACTUALIS''. AN INSTITUTIONALIST APPROACH........................................................................................................... 129 Ion Pohoaţă BOOK REVIEW........................................................................................................................135 „EASILY DIGESTIBLE ECONOMICS”. THE DRAGON AND THE ELEPHANT................................ 137 Gabriela Gavril-Antonesei ROCKEFELLER’S MEMOIRS .................................................................................................................. 143 Nicoleta Dabija, Gabriel Cucuteanu CASE STUDIES........................................................................................................................ 147 ORGANIZATIONAL HEALTH ASSESSMENT: A ROMANIA FIRM CASE STUDY..........................149 Shaomin Huang, Gerald W. Ramey THE TARIFF EQUIVALENT OF TARIFF-RATE QUOTAS - A CASE STUDY APPLIED TO THE IMPORT OF AN AGRICULTURAL PRODUCT IN ROMANIA .............................................................161 Petru Cătălin Bodea TURKEY: GAINING MARKET SHARE IN THE U.S. READY-TO-WEAR CLOTHING MARKET ... 173 Victoria Seitz, M.B Neace, Nabil Razzouk, Esin Keyfli, Chin-Wei Tung EDITORIAL SCIENTIFIC RIGOUR, CREATIVITY AND DIALOGUE IN ECONOMIC SCIENCES The foreword of the first issue of a publication usually outlines its main scientific approaches and tries to make a general description of the future methodologies employed. However, we take the liberty of somewhat drifting away from this editorial canon. Let us remember what Montesquieu wrote at the very beginning of his De l'esprit des lois (The Spirit of Laws): “Intelligent people may have laws that they make, but they may also
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