Plenary
Lecture
The Impact of Economic Crises on Romanian Investments
Professor Daniela Zirra
Department of Research, Economic Research Centre
Romanian-American University, Bucharest
Romania
E-mail:
daniela.zirra@gmail.com
Abstract:
The investments could be easy affected by different
factors or phenomena, which can jeopardise partial or
even total the implementation of the project and its
results. An investment project is considered risky if we
establish that its efficiency indicators are suffering
important changes comparing to the modification of
predicted considered variables for evaluation. We have
to mention that the simple process of choosing the
influence variables is risky too because of incomplete
information, errors in estimating trends of economic
environment, etc. In my plenary Speech, I'll summarize
what happens with the investments when the economies go
down. One of the greatest risk in these days is the
prices volatility. In a period when the demand for
products and services is dramatically reduce, the
investors have no perspectives regarding the evolution
of markets. When is economic recession, all investors
are waiting for the investment decision of the other
investors. So, the question is to invest or not? Which
is the best decision? What are the others doing? We are
trying to find an answer in this paper.
Brief Biography of the Speaker:
Daniela Zirra is a professor of Economics at
Romanian-American University, Bucharest, Romania. Her
area of expertise is microeconomics, macroeconomics and
investments efficiency. She authored or co-authored over
20 scientific books and more than 40 papers published in
reviewed journals or presented at international
conferences. For example, she wrote a chapter entitled
“Personal development – challenges and opportunities for
knowledge spillovers in Romania”, in DAAAM International
Scientific Book 2007, indexed and abstracted in
Cambridge Scientific Abstracts and INSPEC, Editor Branko
Katalinic, Published by DAAAM International Vienna, 2007
(as first author). She had the opportunity to be project
manager or member in the project team in 14 research
projects or grants (national and international) and she
is a member of General Association of the Romanian
Economists (AGER). Moreover, she is the director of
Economic Research Centre since July 2006, in her
university and she collaborated from Romania with De
Sales University, Philadelphia for 6 online courses on
Microeconomics during November 2004 - June 2009, and for
one semester on Macroeconomics during August 2006-
December 2006.
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