IDEAS home Printed from https://ideas.repec.org/h/lum/prchap/01-19.html
   My bibliography  Save this book chapter

Competitiveness Analysis of the Romanian Economy

In: Rethinking Social Action. Core Values in Practice

Author

Listed:
  • Adriana DIMA (GIRNEATA)

    (Assistant Professor, Bucharest University of Economic Studies, Romania)

  • Monica NEDELCU

    (Professor, Bucharest University of Economic Studies, Romania)

Abstract

Given the extension of globalization, a major strategic objective of advanced countries is to maintain a high level of competitiveness of the economy. This is achieved through policies of revitalizing national industry based inter alia on a permanent contribution of knowledge, at the technological frontier, provided by their own system of innovation or attracted from abroad. Competitiveness is inextricably linked to the performance in the area of creation, development and dissemination of technological innovations. The quality management of the national innovation system is crucial on medium and long term, as no achievement is obtained immediately, any progress is possible only by ensuring synergies between actors, strategies and policies, competitive advantages or friendly environment. Economy and industry performance analysis cannot be dissociated from internal and external influences that have contributed over time to guiding development strategies and their implementation. The current research presents an analysis of the Romanian economy based on data included in the global competitiveness reports, recent studies and personal contributions. Serious deficiencies are found in the basic requirements group, particularly with regard to institutions and infrastructure, which have a negative effect on “efficiency enhancers’ sub-index, especially on the education system, labour and goods. The mentioned influences affect the performance of sophistication and innovation factors, but also the whole system, namely the national economy.

Suggested Citation

  • Adriana DIMA (GIRNEATA) & Monica NEDELCU, 2017. "Competitiveness Analysis of the Romanian Economy," Book chapters-LUMEN Proceedings, in: Camelia Ignatescu & Antonio SANDU & Tomita CIULEI (ed.), Rethinking Social Action. Core Values in Practice, edition 1, volume 1, chapter 19, pages 198-209, Editura Lumen.
    • Handle: RePEc:lum:prchap:01-19
    DOI: https://doi.org/10.18662/lumproc.rsacvp2017.19
    as

    Download full text from publisher

    File URL: https://proceedings.lumenpublishing.com/ojs/index.php/lumenproceedings/article/view/424/426
    Download Restriction: no
    File URL: https://proceedings.lumenpublishing.com/ojs/index.php/lumenproceedings/article/view/424
    Download Restriction: no
    File URL: https://libkey.io/https://doi.org/10.18662/lumproc.rsacvp2017.19?utm_source=ideas
    LibKey link: if access is restricted and if your library uses this service, LibKey will redirect you to where you can use your library subscription to access this item
    ---><---

    References listed on IDEAS

    as
    1. Olteanu Dan, 2006. "Factorul tehnologic şi creşterea economică. Studiu comparativ pentru ţările est şi vest-europene," Revista OEconomica, Romanian Society for Economic Science, Revista OEconomica, issue 01, March.
    2. Adriana GÃŽRNEA?? & Mihaela MA?CU (UDA), 2014. "Development Discrepancies Between Western And Eastern Eu Countries: A Statistical Analysis Of Textile And Apparel Clusters," Proceedings of the INTERNATIONAL MANAGEMENT CONFERENCE, Faculty of Management, Academy of Economic Studies, Bucharest, Romania, vol. 8(1), pages 434-442, November.
    3. Cristina Raluca Popescu & Gheorghe N. Popescu & Veronica Adriana Popescu, 2017. "Assessment of the State of Implementation of Excellence Model Common Assessment Framework (CAF) 2013 by the National Institutes of Research – Development – Innovation in Romania," The AMFITEATRU ECONOMIC journal, Academy of Economic Studies - Bucharest, Romania, vol. 19(44), pages 1-41, February.
    4. Adi Eleonor TRIFU & Mircea Raducu TRIFU, 2016. "Global Competitiveness Index Representation Of Enterprise Performances," Proceedings of the INTERNATIONAL MANAGEMENT CONFERENCE, Faculty of Management, Academy of Economic Studies, Bucharest, Romania, vol. 10(1), pages 224-233, November.
    5. Albert N. Link, 2007. "Entrepreneurship, Innovation, and Technological Change," Technical Reports 070716, Brandmeyer Center for Applied Economics, School of Business, University of Kansas.
    Full references (including those not matched with items on IDEAS)

    Most related items

    These are the items that most often cite the same works as this one and are cited by the same works as this one.
    1. Cristiano Antonelli, 2017. "The derived demand for knowledge," Economics of Innovation and New Technology, Taylor & Francis Journals, vol. 26(1-2), pages 183-194, February.
    2. Burke, A.E. & van Stel, A.J. & Thurik, A.R., 2009. "Blue Ocean versus Competitive Strategy: Theory and Evidence," ERIM Report Series Research in Management ERS-2009-030-ORG, Erasmus Research Institute of Management (ERIM), ERIM is the joint research institute of the Rotterdam School of Management, Erasmus University and the Erasmus School of Economics (ESE) at Erasmus University Rotterdam.
    3. Michael Fritsch & Stefan Krabel, 2012. "Ready to leave the ivory tower?: Academic scientists’ appeal to work in the private sector," The Journal of Technology Transfer, Springer, vol. 37(3), pages 271-296, June.
    4. Zongning Wu & Hongbo Cai & Ruining Zhao & Ying Fan & Zengru Di & Jiang Zhang, 2020. "A Topological Analysis of Trade Distance: Evidence from the Gravity Model and Complex Flow Networks," Sustainability, MDPI, vol. 12(9), pages 1-17, April.
    5. Cristiano Antonelli & Christophe Feder, 2021. "The Schumpeterian creative response: export and innovation: evidence for OECD countries 1995–2015," Economia Politica: Journal of Analytical and Institutional Economics, Springer;Fondazione Edison, vol. 38(3), pages 803-821, October.
    6. Albert N. Link & John T. Scott, 2012. "On the social value of quality: An economic evaluation of the Baldrige Performance Excellence Program," Science and Public Policy, Oxford University Press, vol. 39(5), pages 680-689, July.
    7. Nicoleta PETRICA, 2017. "Smart City - Organizational And Management Perspectives," Proceedings of the INTERNATIONAL MANAGEMENT CONFERENCE, Faculty of Management, Academy of Economic Studies, Bucharest, Romania, vol. 11(1), pages 898-904, November.
    8. Zhiyan Zhao & Anders Broström & Jianfeng Cai, 2020. "Promoting academic engagement: university context and individual characteristics," The Journal of Technology Transfer, Springer, vol. 45(1), pages 304-337, February.
    9. Albert N. Link & Christopher J. Ruhm, 2013. "Public knowledge, private knowledge: the intellectual capital of entrepreneurs," Chapters, in: Public Support of Innovation in Entrepreneurial Firms, chapter 7, pages 113-126, Edward Elgar Publishing.
    10. Quatraro, Francesco & Scandura, Alessandra, 2019. "Academic Inventors and the Antecedents of Green Technologies. A Regional Analysis of Italian Patent Data," Ecological Economics, Elsevier, vol. 156(C), pages 247-263.
    11. Stefan Krabel, 2012. "Scientists’ Valuation of Open Science and Commercialization: The Influence of Peers and Organizational Context," Chapters, in: Guido Buenstorf (ed.), Evolution, Organization and Economic Behavior, chapter 5, Edward Elgar Publishing.
    12. Antonelli Cristiano & Colombelli Alessandra, 2013. "Knowledge cumulability and complementarity in the knowledge generation function," Department of Economics and Statistics Cognetti de Martiis. Working Papers 201305, University of Turin.
    13. Erkan Alsu & Murat Karahan & Sadik Gozek, 2016. "Determinants of the Entrepreneurship Trends of University Students (A Field Study for Gaziantep)," International Journal of Academic Research in Business and Social Sciences, Human Resource Management Academic Research Society, International Journal of Academic Research in Business and Social Sciences, vol. 6(12), pages 552-579, December.
    14. Fagateanu Alina-Mihaela & Nicolaescu Sergiu Ştefan & Kifor Claudiu Vasile & Mărginean Silvia, 2015. "Student Career Management – Private and Public Sector Involvement," Balkan Region Conference on Engineering and Business Education, Sciendo, vol. 1(1), pages 1-9, November.
    15. Pinto, Hugo & Cruz, Ana & Gonçalves, Ana, 2011. "Hard Working Ant: An Eco-Tourism Spin-Off Creation Tale," Spatial and Organizational Dynamics Discussion Papers 2011-11, CIEO-Research Centre for Spatial and Organizational Dynamics, University of Algarve.
    16. Gudbrand Lien & Subal C. Kumbhakar & J. Brian Hardaker, 2017. "Accounting for risk in productivity analysis: an application to Norwegian dairy farming," Journal of Productivity Analysis, Springer, vol. 47(3), pages 247-257, June.
    17. Adomako, Samuel & Amankwah-Amoah, Joseph & Frimpong, Kwabena, 2022. "Human capital, reverse engineering and new venture growth: The moderating role of competitive strategy," Technovation, Elsevier, vol. 114(C).
    18. Claudia Ghisetti & Francesco Quatraro, 2013. "Beyond the Inducement in Climate Change: Do Environmental Performances Spur Enrivornmental Technologies? A Regional Analysis of Cross-Sectoral Differences," Working Papers 2013112, University of Ferrara, Department of Economics.
    19. Christoph Grimpe & Heide Fier, 2010. "Informal university technology transfer: a comparison between the United States and Germany," The Journal of Technology Transfer, Springer, vol. 35(6), pages 637-650, December.
    20. Cristiano Antonelli & Alessandra Colombelli, 2017. "The locus of knowledge externalities and the cost of knowledge," Regional Studies, Taylor & Francis Journals, vol. 51(8), pages 1151-1164, August.

    More about this item

    Keywords

    competitiveness; SWOT analysis; global competitiveness index; pillars of competitiveness;
    All these keywords.

    JEL classification:

    • A3 - General Economics and Teaching - - Multisubject Collective Works
    • I2 - Health, Education, and Welfare - - Education
    • I3 - Health, Education, and Welfare - - Welfare, Well-Being, and Poverty
    • M0 - Business Administration and Business Economics; Marketing; Accounting; Personnel Economics - - General

    Statistics

    Access and download statistics

    Corrections

    All material on this site has been provided by the respective publishers and authors. You can help correct errors and omissions. When requesting a correction, please mention this item's handle: RePEc:lum:prchap:01-19. See general information about how to correct material in RePEc.

    If you have authored this item and are not yet registered with RePEc, we encourage you to do it here. This allows to link your profile to this item. It also allows you to accept potential citations to this item that we are uncertain about.

    If CitEc recognized a bibliographic reference but did not link an item in RePEc to it, you can help with this form .

    If you know of missing items citing this one, you can help us creating those links by adding the relevant references in the same way as above, for each refering item. If you are a registered author of this item, you may also want to check the "citations" tab in your RePEc Author Service profile, as there may be some citations waiting for confirmation.

    For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: Antonio Sandu (email available below). General contact details of provider: https://proceedings.lumenpublishing.com/ojs/index.php/lumenproceedings .

    Please note that corrections may take a couple of weeks to filter through the various RePEc services.

    IDEAS is a RePEc service. RePEc uses bibliographic data supplied by the respective publishers.