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A New Classification Of Romanian Counties Based On A Composite Index Of Economic Development

Author

Listed:
  • Zaman Gheorghe

    (Romanian Academy, -)

  • Goschin Zizi

    (Department of Statistics and Econometrics, Academy of Economic Studies, Bucharest, Senior scientific researcher, Institute of National Economy, Romanian Academy)

Abstract

This paper is dealing with the problems concerning the improvement of regional classifications by using a composite index of economic development which encompasses four individual indicators: GDP/capita, labour productivity, FDIs and life expectancy. Our aim is to offer a better methodology and a multi-sided image on the regional development, from the perspective of two major factors of influence: Romania's accession to EU and the recent economic crisis. A special attention should be paid to the hierarchical position of each influence factor. Depending on the specific factor mix, we try to draw conclusions regarding the relationship between economic resilience and vulnerability of each regional economy. The new approach based on the composite index's computation has the advantage of providing a unique answer on problems such as unclear hierarchies or even contradictory results emerging from different classifications that use separate indicators. The study is covering the 2001-2012 period, divided into two sub-periods: 2001-2006 (pre-accession) and 2007-2012 (post-accession).

Suggested Citation

  • Zaman Gheorghe & Goschin Zizi, 2014. "A New Classification Of Romanian Counties Based On A Composite Index Of Economic Development," Annals of Faculty of Economics, University of Oradea, Faculty of Economics, vol. 1(1), pages 217-230, July.
    • Handle: RePEc:ora:journl:v:1:y:2014:i:1:p:217-230
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    File URL: http://anale.steconomiceuoradea.ro/volume/2014/n1/023.pdf
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    References listed on IDEAS

    as
    1. Zaman Gheorghe & Georgescu George, 2009. "The Impact Of Global Crisis On Romania'S Economic Development," Annales Universitatis Apulensis Series Oeconomica, Faculty of Sciences, "1 Decembrie 1918" University, Alba Iulia, vol. 2(11), pages 1-1.
    2. repec:rrs:journl:v:6:y:2012:i:3:p:41-52 is not listed on IDEAS
    3. Daniela ANTONESCU, 2012. "Identifying Regional Economic Disparities and Convergence in Romania," Journal of Knowledge Management, Economics and Information Technology, ScientificPapers.org, vol. 2(2), pages 1-8, April.
    4. Gheorghe ZAMAN & Zizi Goschin & Valentina Vasile, 2013. "Evolutia Dezechilibrelor Teritoriale Din România În Contextul Crizei Economice," Romanian Journal of Economics, Institute of National Economy, vol. 37(2(46)), pages 20-39, December.
    5. Daniela Constantin & Zizi Goschin & Gabriela Dragan, 2011. "Implications of European Union Structural Assistance to New Member States on Regional Disparities: The Question of Absorption Capacity," Chapters, in: Robert Stimson & Roger R. Stough & Peter Nijkamp (ed.), Endogenous Regional Development, chapter 10, Edward Elgar Publishing.
    6. Dorel Ailenei & Amalia Cristescu, 2012. "Regional Patterns Of Global Economic Crisis Shocks Propagation Into Romanian Economy," Romanian Journal of Regional Science, Romanian Regional Science Association, vol. 6(1), pages 41-52, JUNE.
    Full references (including those not matched with items on IDEAS)

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    Cited by:

    1. Zizi Goschin, 2018. "Variations Of Regional Inequalities In Romania In The Long Run," Management Strategies Journal, Constantin Brancoveanu University, vol. 42(4), pages 91-99.

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    More about this item

    Keywords

    economic development; composite index; classification; regions; Romania;
    All these keywords.

    JEL classification:

    • O18 - Economic Development, Innovation, Technological Change, and Growth - - Economic Development - - - Urban, Rural, Regional, and Transportation Analysis; Housing; Infrastructure
    • R11 - Urban, Rural, Regional, Real Estate, and Transportation Economics - - General Regional Economics - - - Regional Economic Activity: Growth, Development, Environmental Issues, and Changes

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