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The European Model of Development Faced with the Quaternary Sector Emergence Test

Author

Listed:
  • Dumitru Miron

    (Bucharest University of Economic Studies)

  • Dragos Seuleanu

    (ELI-NP, Magurele, Romania)

  • Cezar Radu Cojocariu

    (Bucharest University of Economic Studies)

  • Laura Benchea

    (Bucharest University of Economic Studies)

Abstract

The European Union must identify and internalize the most acute challenges, prepare appropriate solutions to them, capitalize on its strengths, and avoid threats. The strategic philosophy can no longer be just rhetorical but must be found at the level of all European sectoral policies, national macroeconomic policies but also of the programs and projects launched by the actors operating in the business environment. The research is phenomenological in nature, with an emphasis on qualitative issues related to the most relevant paradigm changes at the level of European sectoral policies, national macroeconomic policies, as well as programs and projects launched by actors operating in the business environment. The topic that plays an important role in this research is the one related to the most appropriate structure of a modern economy, the emphasis being placed on the correlations and the causalities between them. The hypotheses from which it was started, the epistemological perspectives taken as the basis, the analytical drivers used, the research methodologies that were called upon but also the variables used took into account the change of the techno-industrial paradigm, the factors that influence the efficiency and sustainability of the new economic development models, the threats but also the opportunities that must be identified and encountered by those who decide at the macro, mezzo and microeconomic levels. The most important transformations that take place at the level of the macroeconomic and business development models were analyzed, updating them and offering some recommendations on how some systemic vulnerabilities can be treated. The paper ends by surprising the way in which Romania is positioned at the level of the switching process from an economy in which the primary and secondary sectors are prevalent to one in which the weight of the tertiary and quaternary sectors increases.

Suggested Citation

  • Dumitru Miron & Dragos Seuleanu & Cezar Radu Cojocariu & Laura Benchea, 2019. "The European Model of Development Faced with the Quaternary Sector Emergence Test," The AMFITEATRU ECONOMIC journal, Academy of Economic Studies - Bucharest, Romania, vol. 21(S13), pages 743-743, November.
  • Handle: RePEc:aes:amfeco:v:21:y:2019:i:s13:p:743
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    References listed on IDEAS

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    1. List, Friedrich, 1885. "The National System of Political Economy," History of Economic Thought Books, McMaster University Archive for the History of Economic Thought, number list1885.
    2. Francisco J. Buera & Joseph P. Kaboski, 2012. "The Rise of the Service Economy," American Economic Review, American Economic Association, vol. 102(6), pages 2540-2569, October.
    3. Zoltan Kenessey, 1987. "The Primary, Secondary, Tertiary And Quaternary Sectors Of The Economy," Review of Income and Wealth, International Association for Research in Income and Wealth, vol. 33(4), pages 359-385, December.
    4. Robert Bacon & Walter Eltis, 1978. "The Underlying Economic Theory: The Implications for Inflation, Employment and Growth of a Fall in the Share of Output that is Marketed," Palgrave Macmillan Books, in: Britain’s Economic Problem: Too Few Producers, edition 0, chapter 7, pages 165-206, Palgrave Macmillan.
    5. Vesa Harmaakorpi & Arto Haikonen & Ilkka Kauranen, 2003. "The Shift of Techno-Economic Paradigm and Its Effects on Regional Disparities," ERSA conference papers ersa03p226, European Regional Science Association.
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    Cited by:

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    2. Iulia Lupu & Gheorghe Hurduzeu & Radu Lupu & Maria-Floriana Popescu & Camelia Gavrilescu, 2023. "Drivers for Renewable Energy Consumption in European Union Countries. A Panel Data Insight," The AMFITEATRU ECONOMIC journal, Academy of Economic Studies - Bucharest, Romania, vol. 25(63), pages 380-380, April.

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    More about this item

    Keywords

    new economic model; paradigm shift; quaternary sector; competitiveness; Romania.;
    All these keywords.

    JEL classification:

    • O40 - Economic Development, Innovation, Technological Change, and Growth - - Economic Growth and Aggregate Productivity - - - General
    • O47 - Economic Development, Innovation, Technological Change, and Growth - - Economic Growth and Aggregate Productivity - - - Empirical Studies of Economic Growth; Aggregate Productivity; Cross-Country Output Convergence
    • O52 - Economic Development, Innovation, Technological Change, and Growth - - Economywide Country Studies - - - Europe

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