THE ECONOMIC TRANSITION OF ROMANIA FROM A BEHAVIOURAL ECONOMICS PERSPECTIVE

Paula-Elena Diacon ()
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Paula-Elena Diacon: Alexandru Ioan Cuza University of Iasi, Romania

CES Working Papers, 2012, vol. 4(3), issue 3, 296-305

Abstract: The aim of this article is to briefly analyze the economic transition of Romania from a behavioural economics perspective. Despite the adverse effects experienced in the past regime, the paper finds out that the suitable macroeconomic policies implemented had fundamental effects, generating economic welfare and higher standards of living, life satisfaction, and happiness / subjective well-being.

Keywords: behavioural economics; economic transition; macroeconomic policies Romania (search for similar items in EconPapers)
JEL-codes: D03 O11 P20 (search for similar items in EconPapers)
Date: 2012
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Citations: View citations in EconPapers (1)

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Persistent link: https://EconPapers.repec.org/RePEc:jes:wpaper:y:2012:v:4:i:3:p:296-305

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