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Emerging Markets Economics and Business. Contributions of Young Researchers Emerging Markets Economics and Business. Contributions of Young Researchers Proceedings of the 4th Conference of Doctoral Students in Economic Sciences UNIVERSITY OF ORADEA FACULTY OF ECONOMIC SCIENCES Emerging Markets Economics and Business. Contributions of Young Researchers Proceedings of the 4th Conference of Doctoral Students in Economic Sciences No.1 - December 2013 Editor-in-Chief: Prof.Dr. Alina Badulescu Oradea University Press 2013 Scientific Board: Prof. Dr. Laura Mariana Cismaș – West University of Timișoara, Romania Associate Prof. Dr. Adriana Giurgiu – University of Oradea, Romania Prof. Dr. Dongheng Hao – Shijiazhuang University of Economics, China Prof. Dr. Dezhi Liu – Shijiazhuang University of Economics, China Prof. Dr. Klaus Bruno Schebesch – University of Bremen, Germany, University Vasile Goldiș of Arad and University of Oradea, Romania Editorial Board: Associate Prof. Dr. Olimpia Ban – University of Oradea, Romania Associate Prof. Dr. Daniel Bădulescu – University of Oradea, Romania Prof. Dr. Mihai Berinde – University of Oradea, Romania Associate Prof. Dr. Ioana Meșter – University of Oradea, Romania Associate Prof. Dr. Adrian Florea – University of Oradea, Romania Assistant Professor Dr. Dorin Bâc – University of Oradea, Romania Assistant Professor Dr. Mariana Sehleanu – University of Oradea, Romania Emerging Markets Economics and Business. Contributions of Young Researchers. Proceedings of the 4th Conference of Doctoral Students in Economic Sciences No.1 - December 2013 Editura Universităţii din Oradea este acreditată de CNCSIS, cod 149 / Oradea University Press is accredited by Romanian National Council for Research in Higher Education, code 149 ISBN 978-606-10-1205-3 ISSN 2344 – 6617 ISSN-L 2344 – 6617 Copyright The Authors, 2013. All Rights Reserved. No reproduction, copy or transmission may be made without written permission from the individual authors. Authors are fully responsible for the content of articles Cover: Cătălin Zmole Text revision: Drd. Roxana Hatos, Drd. Adelina Venig PREFACE Scientific research in economics presently plays, more than ever, an important role in generating solutions and models of economic and social development. Moreover, in the contemporary world, development is inconceivable in the absence of sustained research and development activities. Undoubtedly, scientific research must be conducted primarily in higher education institutions, in academic and research laboratories. In this context, the scientific research of young people - students, master students and, in particular PhD students - acquires special meanings and its stimulation is a duty of honour to academics and supervisors at all levels. Recognizing and understanding all these realities, in the Faculty of Economic Studies and Doctoral School of Social Sciences at the University of Oradea, there have been encouraged and supported the efforts and steps on the path of doctoral scientific research. Thus, since 2010 there is organized an Annual Doctoral Symposium of PhD students in Economics and related fields, and papers carefully selected after the peer- review process were published in a volume that encompassed the contributions of PhD students in Economics. Now, we release the 30 papers selected from the scientific contributions of the PhD students, presented at the 2013 edition of the Doctoral Symposium Session and which received after the review process, the agreement for publishing from the Scientific and Editorial Board. The papers were presented, during the Doctoral Symposium, at three panels, namely: Panel 1: Competition and competitiveness. Economic and social issues Panel 2: Entrepreneurship, SMEs, labour and education Panel 3: Economic challenges and sectoral insights We release this first issue of the journal Emerging Markets Economics and Business. Contributions of Young Researchers. Proceedings of the 4th Conference of Doctoral Students in Economic Sciences with the belief that young researchers are, by training and audacity, a tank of opinions, viewpoints, and especially solutions and proposals, and aware that they should be encouraged and promoted as to enable them to confirm the hopes of their teachers and supervisors. Last but not least, special thanks are due to Dr Adriana Giurgiu, Dean of the Faculty of Economic Sciences of the University of Oradea, for her continuous and important support, and also to the members of the Scientific and Editorial Board, to reviewers, to the members of the organizing committee, and to all generous fellows who supported the Annual Doctoral Symposium held in 22nd of November 2013 at the University of Oradea, and thus made possible the release of this volume. Oradea, December 2013 President of the Symposium, Professor Alina Badulescu 5 CONTENTS ADELINA VENIG, MIHAI BERINDE COMPETITION, MARKET FAILURES AND THEIR POLICIES IN THE U.S.A. AND THE U.E. ............................................................................................................................ 11 ADRIAN-IOAN FELEA ROMANIAN COMPETITIVENESS ANALYSIS THROUGHOUT CERTAIN ENVIRONMENTAL IMPACT INDICATORS ............................................................... 119 AURELIA-GABRIELA ANTONESCU, ALINA ZAHARIA INDICATORS FOR SUSTAINABLE MANAGEMENT OF NATURAL RESOURCES IN THE CONTEXT OF CURRENT CRISIS ..................................................................... 27 DIANA COJOCARU EUROPEAN POLITICS IN ENERGY .............................................................................. 36 DIANA COJOCARU ENERGY SECURITY IN THE SPECTRUM OF SECURITY RELATIONS .................. 44 ANDREEA-FLORINA FORA THE IMPLEMENTATION OF THE COMPETITION POLICY IN ROMANIA. CASE STUDY ............................................................................................................................... 52 ANA PRUNEA NATIONAL COMPETITION BEFORE AND AFTER ROMANIA’S EU ACCESSION 60 DORIN BÂC, OZAN EMRE AKSOZ A SHORT HISTORY OF THE SLOW MOVEMENT ...................................................... 67 ZSUZSA ÉBL BURNING POVERTY QUESTIONS – COMMON ANSWERS? ................................... 73 NICOLETA ALINA ANDREESCU BUSINESS ETHICS AND CORPORATE SOCIAL RESPONSABILITY ...................... 81 ARGHIR VASILE CIOBOTARU, PETRICĂ SORIN ANGHELUȚĂ ECONOMIC CRISIS AND THE RESOURCES OF THE RURAL SPACE..................... 86 PETRICĂ SORIN ANGHELUȚĂ, ARGHIR VASILE CIOBOTARU HUMAN RESOURCES AND EDUCATION ................................................................... 94 SEBASTIAN ȘIPOŞ-GUG, ALINA BĂDULESCU GRANGER CAUSALITY ANALYSIS OF THE RELATIONSHIP BETWEEN GROSS DOMESTIC PRODUCT, UNEMPLOYMENT AND ENTREPRENEURIAL ACTIVITY IN ROMANIA .................................................................................................................... 99 7 LIVIU GHERDAN THE EVOLUTION OF THE ROMANIAN TERTIARY EDUCATION AFTER 1990 . 107 LIVIU GHERDAN THE UNEMPLOYMENT IN ROMANIA – STAFF CATEGORIES, LEVEL OF EDUCATION AND GENDER ........................................................................................ 115 ADALBERTO RANGONE ANALYSIS OF THE CORPORATE GOVERNANCE FIRM MANAGEMENT AND THE BUSINESS JUDGEMENT RULE .......................................................................... 123 ROXANA HATOS LABOR MARKET IN ROMANIA IN EUROPEAN EMPLOYMENT POLICY CONTEXT ........................................................................................................................ 128 ADRIANA BORZA MOTIVATIONS OF ENTREPRENEURIAL BEHAVIOUR. A COGNITIVE APPROACH ..................................................................................................................... 135 LUCIA KOLOZSI ON THE PRINCIPLE OF CITIZENS PARTICIPATION IN DECISION-MAKING PROCESS AND ITS IMPLEMENTATION IN ROMANIAN PUBLIC INSTITUTIONS .......................................................................................................................................... 141 LUCIA KOLOZSI THE PRINCIPLE OF TRANSPARENCY IN DECISION MAKING AND IMPLEMENTATION OF PUBLIC INSTITUTIONS - FROM REQUIREMENTS TO REALITY ......................................................................................................................... 147 FLAVIUS - COSMIN FEIER THE CROSS BORDER COOPERATION PROGRAMME ROMANIA-HUNGARY-AN IMPORTANT INSTRUMENT IN ENSURING THE TERRITORIAL COHESION AND DURABLE DEVELOPMENT OF THE BORDER AREA ............................................. 152 ZOLTAN KATO THE TRACEABILITY OF FOOD THROUGH THE SMART RFID TAGS ................. 159 RAMONA MARINELA SIMUŢ ROMANIA ON THE ROAD TO CONVERGENCE: WHERE WE ARE AND HOW MUCH MORE WE HAVE TO GO .................................................................................. 167 MIHAELA SAS INTERNAL ENERGY MARKET: CONSTRAINTS AND OPPORTUNITIES FOR CONSUMERS .................................................................................................................. 177 CRINA ANGELA COPIL BANKING STRATEGIES FOR CONCENTRATION AND CONSOLIDATION ........ 185 8 DIANA RALUCA DIACONESCU THE IMPACT OF CENTRAL BANK TRANSPARENCY ............................................ 192 ROBERT CLAUDIU HELLVIG THE REGULATION NECESSITY OF THE INTERNATIONAL FINANCIAL AND BANKING SYSTEM ....................................................................................................... 200 CRISTINA SUCIU FINANCIAL ASPECTS OF ECONOMIC EFFICIENCY OF WEST REGION SMES . 206 DANIEL BURTIC A SHORT ANALYSIS OF ROMANIAN MEDIA INDUSTRY FROM MICROECONOMIC PERSPECTIVE ............................................................................. 213 DANIEL BURTIC A SHORT ANALYSIS OF THE
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