In recent years, the Romanian accommodation business sector has recorded a dramatic increase in accommodation units, but even under these circumstances it is below half of the average registered by the European Union. The study aims to evaluate whether there is still room for sustainable growth in this regard. For this purpose, the accounting–financial indicators have been assessed for an annual average of 3447 companies reporting every year to the European Union for 18 years, between 1999 and 2016, for all the accommodation units in Romania and the European Union. For data processing and to assess sustainable growth, we have used simple regression and resorted to the distance method and the geometric mean method to analyze competitiveness. The findings show a likelihood of sustainable growth of 20.6% in the development of Romanian accommodation businesses, in the light of the aspects analyzed, correlated to the EU average. Some managerial decision-making suggestions are provided at the end of the paper for accommodation businesses’ sustainable growth, related to accounting–financial issues. For Romanian businesses, sustainable growth is promoted by the low level of staff costs and, to a lesser extent, by the investments made per employed person. For the corporate governance of these companies to recover growth space in terms of sustainability, managerial decisions should be taken to increase sales, profitability, production value and added value.
Education is a critical factor underlying the social and economic development of countries and their citizens. Therefore, the specification of factors affecting educational attainment is crucial for the planning and implementation of optimal educational policies. The objective of the article is to research the influence of information and communication technology (ICT), proxied by the ICT index and globalization index on educational attainment in the new EU Member States over the term of 2000–2018 by means of the causality and cointegration test. The causality test points out a unilateral causality from ICT to educational attainment and a bidirectional causality between ICT and globalization. In other words, ICT has a significant effect on educational attainment, but globalization influences educational attainment by way of ICT in the short term. On the other hand, the cointegration test uncovers a positive effect of ICT on educational attainment at panel level and in Croatia, Czechia, Poland, and Slovakia in the long term, while globalization has a positive effect on educational attainment in Bulgaria, Hungary, Lithuania, and Poland. The findings of the cointegration test also support those of the causality test and denote that both ICT and globalization can be effective instruments for improving educational attainment, depending on countries’ current human and physical capital and education policies.
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