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New Dominant Economic Logic And Its Impact On European Level. An Econometric Approach

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Author Info

  • Isabella-Cristiana, SIMA

    ()
    (“Constantin Brâncoveanu” University, Romania)

  • Camelia-Aurelia, MARIN

    (“Constantin Brâncoveanu” University, Romania)

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    Abstract

    The world is changing; a new dominant economic logic appears. What we can see now is that this change doesn’t seem to come from economic leaders, it comes from emergent economies like BRICS Group or the “4 Asian Tigers”. The European Union economic links with those groups are more and more obvious, so this thesis wants to be an analysis of how those dominant logical changes influence the European Union economy. In this way, we made an analysis of statistic dates and an econometric analysis using multiple regressions. The research results are that turbulences on the world great economic market, - like it was expected – have repercussions on the economic development of the European Union, but with a good strategy and politics this could stay in the ranking of the great economic powers in the future.

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    Bibliographic Info

    Article provided by Constantin Brancoveanu University in its journal Management Strategies Journal.

    Volume (Year): 23 (2013)
    Issue (Month): Special ()
    Pages: 48-54

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    Handle: RePEc:brc:journl:v:23:y:2013:i:s:p:48-54

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    Related research

    Keywords: the dominant economic logic; economic integration; economic development; an econometric model; macroeconomic indicators;

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