Timisoara Journal of Economics and Business 2019-06-13T14:10:11+03:00 Mihaela NEAMȚU Open Journal Systems <p><a href="../../../../">Timisoara Journal of Economics and Business</a> (formerly <a href="" target="_blank" rel="noopener">Timisoara Journal of Economics</a>, 2008-2012) is a peer-reviewed on-line journal open to high-quality papers from all fields of modern economics and business. The journal will release two issues per year, one in June and one in December. The journal focus is on empirically oriented papers. However, good review papers or high quality theoretical contributions are welcomed as well.</p> <p>ISSN 2286-0991; ISSN–L 2286-0991</p> <hr> <article class="obj_article_details"> <div class="row"> <div class="entry_details"> <p><a title="Link TJEB on De Gruyter Open" href=";result=1" target="_blank" rel="noopener"><strong><img title="De Gruyter logo" src="../../../../public/site/images/camelia-margea/De_gruyter.jpg" alt="De Gruyter Open logo" width="123" height="68"></strong></a></p> <a title="Link TJEB on De Gruyter Open" href=";result=1" target="_blank" rel="noopener"><strong>Timisoara Journal <br>of Economics <br>and Business</strong> <br>in DE GRUYTER OPEN</a><br>(since 2014)</div> <div class="main_entry"> <p><em>Timisoara Journal of Economics and Business</em> is covered by the following services:</p> <p>AcademicKeys; <a title="Baidu Scholar" href=";rsv_bp=0&amp;tn=SE_baiduxueshu_c1gjeupa&amp;rsv_spt=3&amp;ie=utf-8&amp;f=8&amp;rsv_sug2=0&amp;sc_f_para=sc_tasktype%3D%7BfirstSimpleSearch%7D&amp;rsv_n=2" target="_blank" rel="noopener">Baidu Scholar</a>; Cabell's Directory; Caboose Open Directory; <a title="CEJSH (The Central European Journal of Social Sciences and Humanities)" href="" target="_blank" rel="noopener">CEJSH</a>; Celdes; CNKI Scholar (China National Knowledge Infrastructure); CNPIEC; Directory of Science; <a title="DOAJ (Directory of Open Access Journals)" href="" target="_blank" rel="noopener">DOAJ</a>; EBSCO (relevant databases); EBSCO Discovery Service; EconBiz; <a title="Open source Economics articles Index" href="" target="_blank" rel="noopener">EconBib</a>; <a title="EconLit" href="" target="_blank" rel="noopener">EconLit</a>; EuroInternet; Genamics JournalSeek; <a title="Global Impact and Quality Factor" href="" target="_blank" rel="noopener">Global Impact Factor (GIF)</a>; Google Scholar; <a title="Index Copernicus" href=",p4074,3.html" target="_blank" rel="noopener">Index Copernicus</a>; J-Gate; JournalTOCs; Naviga (Softweco); NewJour – Electronic Journals &amp; Newsletters; <a title="Global Impact and Quality Factor" href="" target="_blank" rel="noopener">Open Academic Journals Index</a>; Primo Central (ExLibris); ReadCube; <a title="Research Papers in Economics (RePEc)" href="" target="_blank" rel="noopener">RePEc</a>; ResearchGate; <a title="SearchWorks catalog" href="" target="_blank" rel="noopener">Stanford University Libraries</a>; Summon (Serials Solutions/ProQuest); TDOne (TDNet); Ulrich's Periodicals Directory/ulrichsweb; <a title="WorldCat (OCLC)" href=";referer=brief_results" target="_blank" rel="noopener">WorldCat (OCLC)</a></p> </div> </div> <p>&nbsp;</p> </article> The contribution of the social economy to the economic development 2019-06-13T13:44:15+03:00 Mirela Janina Gabroveanu (Vlădoi) <p>Starting from the idea that the European Union aims to reduce the disparities among the member countries, to help them reach a level of development which can lead to a high level of employment, of productivity and of a good social cohesion, the problem of a durable development still remains a global objective of the countries that are members of the EU, objective that can be attained by an international cooperation which aims towards economic growth, social development and protection of the environment. After an analysis of the socio-economic background and the investment level in Romania, new tendencies were identified which can be edited, financed and developed in Romania, and which can determine a real, constant and long term economic growth. The problem of the social economy, still not well enough regulated in Romania, can lead to the adoption of innovative actions to capacitate disadvantaged categories. In this direction, premises can be created to support disadvantaged categories, which will determine an increase of the rate of employment and which can offer solutions to fight poverty. An essential role in facing the challenges raised by the medium and long-term development is played by the funds assigned to Romania within the operational programs which can lead to the decrease of the regional and social differences now present in Romania. This paper presents the good practice activities in the system of social economy present in other member countries as well as the measures taken by some member countries for good governance.</p> 2019-06-01T15:23:06+03:00 ##submission.copyrightStatement## Silent Market Indicator. Methodology to avoid the risk in no significant price movements 2019-06-13T13:44:15+03:00 Cristian Păuna <p align="JUSTIFY"><span style="color: #000000;">Investing in the capital markets is a common task today. An impressive number of traders and investors, companies, private or public funds are buying and selling every day on the free markets. The current high price volatility in the financial markets gives everyone a tremendous number of speculative opportunities in order to make profit. Sometimes the price makes no significant movement however. The majority of the trades initiated in those periods will conclude to losses or will need a very long time in order to became profitable. In order to avoid these cases a mathematical algorithm was developed: the Silent Market Indicator. This paper will present the general principles and the mathematics behind the indicator and how it can be applied in the financial trading in order to improve the capital investment efficiency. It was found that the model generates a very reliable filter in order to avoid to entry into the silent markets intervals, when the price action conducts to small amplitude price movements and when the profit expectation is lower. In order to reveal the efficiency of the Silent Market Indicator usage, some comparative trading results will be presented in the last part of this article together with the functional parameters optimized for several known capital markets. As conclusion it will be proved that the presented methodology is a very good method to stay away the market risk. In addition, being exclusively a mathematical model, it can be applied in any algorithmic trading system, combined with any other trading strategy in order to improve the capital efficiency. </span></p> 2019-05-29T14:54:19+03:00 ##submission.copyrightStatement## Infant mortality and public health expenditure in Nigeria: empirical explanation of the nexus 2019-06-13T14:10:11+03:00 Joseph DAVID <p>This study employs Autoregressive Distributed Lag (ARDL) bounds testing approach to co-integration and Granger causality technique to empirically examines the nature of relationship between infant mortality and public expenditure on health in Nigeria from 1980 – 2016. In addition, the study considers the roles of immunization, private health expenditure and external health resources on infant mortality in Nigeria. Among other things, the empirical results indicate the presence of significant con-integrating (long-run) relationship between infant mortality and government health expenditure (and private health expenditure, immunization and external health resources), coupled with the existence of bi-directional causal relationship between infant mortality and government health expenditure. In addition, the results also demonstrate that, government health expenditure, private health expenditure, immunization, and external health resources significantly influence infant mortality negatively both in the long and short term. Although, private health spending is shown as the major determinant of the reduction of infant mortality rate in Nigeria, due to the size of the coefficient of private health expenditure. In essence, the total overhaul of the Nigerian health sector, so as to improve the efficiency of the sector, as well curb the incidents of fund mismanagement which has plagued the sector overtime, coupled with the intensifying of immunization programs and activities are however recommended.</p> 2019-06-01T14:07:28+03:00 ##submission.copyrightStatement##