This project aims to be in line with recent research in an effort to increase the dialogue between physicists (particularly econophysicists) and economists. The contribution of the project will consist in achieving a better understanding of the Romanian socio-economic systems via additional outcomes produced using tools/ techniques/ ideas from physics. The diversity of the methods from Physics used when studying Socio-Economic Systems (SES) is large enough to fit specific needs (research questions). Needless to say that Physics’ methods are, usually, complementary to the traditional ones. Nowadays, very large datasets regarding a considerable number of socio-economic variables are available. The project will use this dual approach in order to obtain a better understanding of SES, emphasizing various dimensions of socio-economic systems: financial (stocks markets, exchange rates), demographics (age, gender, fertility, migration, life expectancy) and social (religion, ethnicity, education). Various approaches will be used in datasets analysis concerning SES, through classical and Physics’ methods, starting from intensive distributions inquires (Power Law, Zipf’s, Pareto, Benford, Mandelbrot, Gauss etc.), to complex modelling (econometrics, non-linear, time series) and going further to networks analysis. This frontier research will clearly generate important outcomes in line with very recent developments in econophysics and sociophysics. It is our strong belief that cross-fertilization between econophysics and socio-economics requires an objective clarification of both approaches in order to open the door for an interdisciplinary and fruitful dialogue.
