Regional efficiency of knowledge economy in the new EU countries: The Romanian and Bulgarian case
AbstractThe economic success is more and more based on upon the effective utilization of intangible assets such as knowledge, skills and innovative potential as the key resource for competitive advantage. For transition countries, such as Romania and Bulgaria, the efficiency of research and development activities is particularly important, since technological progress is one of the core aspects of economic growth. In this article we describe the common features of the two countries, but also the existing differences in respect with knowledge based economy. There are significant regional differences within the countries and marginal regions must close the gap with more developed regions. The paper analyzes research efficiency at the regional level for NUTS2 regions from Romania and Bulgaria between 2003 and 2005, applying a DEA framework. Our main finding is that Bulgarian regions are more efficient in R&D activities compared to Romanian ones. The only Romanian efficient region is Bucuresti Ilfov, while the other two efficient regions are rather small Bulgarian regions, with fewer resources. They show a remarkably high level of research efficiency, whereas some of the larger regions (both from Romania and Bulgaria) lag behind.
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Bibliographic InfoPaper provided by University Library of Munich, Germany in its series MPRA Paper with number 23083.
Date of creation: Feb 2010
Date of revision: Feb 2010
regions; knowledge economy; transition countries; efficiency; DEA;
Find related papers by JEL classification:
- R58 - Urban, Rural, Regional, Real Estate, and Transportation Economics - - Regional Government Analysis - - - Regional Development Planning and Policy
- P27 - Economic Systems - - Socialist Systems and Transition Economies - - - Performance and Prospects
- R11 - Urban, Rural, Regional, Real Estate, and Transportation Economics - - General Regional Economics - - - Regional Economic Activity: Growth, Development, Environmental Issues, and Changes
- O31 - Economic Development, Technological Change, and Growth - - Technological Change; Research and Development; Intellectual Property Rights - - - Innovation and Invention: Processes and Incentives
This paper has been announced in the following NEP Reports:
- NEP-ALL-2010-06-11 (All new papers)
- NEP-CSE-2010-06-11 (Economics of Strategic Management)
- NEP-EFF-2010-06-11 (Efficiency & Productivity)
- NEP-EUR-2010-06-11 (Microeconomic European Issues)
- NEP-GEO-2010-06-11 (Economic Geography)
- NEP-KNM-2010-06-11 (Knowledge Management & Knowledge Economy)
- NEP-TRA-2010-06-11 (Transition Economics)
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