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Diagnosing the Potential of Renewable Energy in România

Author

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  • Ionut-Cosmin BALOI

    (Craiova University, Faculty of Economics and Business Administration, Romania)

Abstract

Renewable energy brings an attractive horizon for Romania, the projects can generate jobs, cooperation between the interested countries, the increase of living standards and environmental protection. Renewable energy will considerably grow up in coming years thanks to environmental trends exhibited more intense in our country. Beyond the inconveniences inherent in any investment and the related risks, also beyond the natural equilibrium changes, the energy plants’ using new green technology offers many advantages. Their quantification can be statistically correlated leading to a rethinking of models that shape the parameters of competitiveness. In this research we started with the assumption that the potential of renewable energy allows Romania to get a favourable competitive position, mainly if we relate to the role of geostrategic pillar in the energetic system in this region of the continent. Although our research is in early stages, we develop two models of diagnosing the renewable energy sources capacity and efficiency and also their attractiveness for entrepreneurial initiatives.

Suggested Citation

  • Ionut-Cosmin BALOI, 2010. "Diagnosing the Potential of Renewable Energy in România," Timisoara Journal of Economics, West University of Timisoara, Romania, Faculty of Economics and Business Administration, vol. 3(4(12)), pages 237-246.
    • Handle: RePEc:wun:journl:tje:v03:y2010:i4(12):a05
    as

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    References listed on IDEAS

    as
    1. Martine Durand & Christophe Madaschi & Flavia Terribile, 1998. "Trends in OECD Countries' International Competitiveness: The Influence of Emerging Market Economies," OECD Economics Department Working Papers 195, OECD Publishing.
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    More about this item

    Keywords

    renewable energy; potential diagram; market attractiveness; business attractiveness; competitiveness;
    All these keywords.

    JEL classification:

    • Q42 - Agricultural and Natural Resource Economics; Environmental and Ecological Economics - - Energy - - - Alternative Energy Sources
    • N74 - Economic History - - Economic History: Transport, International and Domestic Trade, Energy, and Other Services - - - Europe: 1913-
    • O13 - Economic Development, Innovation, Technological Change, and Growth - - Economic Development - - - Agriculture; Natural Resources; Environment; Other Primary Products

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