Published in Annals of the Alexandru Ioan Cuza University - Economics
The paper underlines the importance of identifying seasonality effects over tourism development. The study applies a simple test for examining the presence of seasonality in tourism demand in the line of exploring its concentration and strength at local level. The investigation is covered by calculating some commonly applied indicators for measurin...
Published in Annals of the Alexandru Ioan Cuza University - Economics
The development of innovation theory points to the growing importance of innovation in the processes occurring in the economy. The paper characterizes evolutionary changes innovation models - starting with the linear models up to the cooperation network concept. Particular attention was paid to the creation of contemporary models of innovation and ...
Published in Annals of the Alexandru Ioan Cuza University - Economics
Euro Area sovereign bond yield spreads fell significantly after the creation of the monetary union and moved in unison until the recession of 2008, when investors’ risk pricing changed considerably. Rising bond yield spreads caught the attention of economists who tried to find the factors influencing their size. Evolution of bond spreads was mostly...
Published in Annals of the Alexandru Ioan Cuza University - Economics
Published in Annals of the Alexandru Ioan Cuza University - Economics
Within non-life insurance pricing, an accurate evaluation of claim frequency, also known in theory as count data, represents an essential part in determining an insurance premium according to the policyholder’s degree of risk. Count regression analysis allows the identification of the risk factors and the prediction of the expected frequency of cla...
Published in Annals of the Alexandru Ioan Cuza University - Economics
Tourism is a phenomenon which affects the entire economic and social life, and the implications of its development can be observed in different spheres (economic, psychological, behavioral, and others). Taking into account the simplistic interpretation of the economic development of tourism on the one hand, and social development of tourism on the ...
Published in Annals of the Alexandru Ioan Cuza University - Economics
We examine investors’ reaction to sharp price changes using two equity market indices in Poland: WIG and WIG20. Using daily market returns for the two indices from April 1991 and April 1994 to November 2012, we identify the event days as the days where market indices exhibited positive or negative daily price changes of 3 percent or more as well as...
Published in Annals of the Alexandru Ioan Cuza University - Economics
In the competitiveness environment on external and internal markets the more important role now can be given to company’s organizational features and leverages as a set of tools that can work out the best solution to improve enterprise’s performance in general. The study aims to create a model of industrial company’s performance diagnostics based o...
Published in Annals of the Alexandru Ioan Cuza University - Economics
The subject of this paper is the way in which the banking sector in Macedonia contributes to the economic growth by performing five basic functions: savings mobilization, risk diversification, resource allocation, corporate control and easing exchange. The basic purpose of this paper is, through assessment of the relative importance of each of the ...
Published in Annals of the Alexandru Ioan Cuza University - Economics
This paper deals with the attempt to search for the sources of creativity in the broad sense in solving problems. These creative solutions become innovations. The ability to develop innovation depends on the multi-dimensional predispositions to solve problems – those found in people, inspired by the market, organised or spontaneous, as well as faci...
