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The Regional Climate of Foreign Direct Investments in Romania

Author

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  • Raluca Georgiana POPESCU

    () (The Bucharest Academy of Economic Studies, Piata Romana, nr. 6, sector 1, Bucuresti, România)

Abstract

The paper aims at identifying the development regions in Romania (corresponding to NUTS III classification), which have similar patterns regarding the investment environment and how these similarities evolved from 2006 to 2008, one year before and one year after becoming a member of the European Union, respectively. Using a cluster analysis technique, we found that the regional disparities increased. In 2008, the areas that contained agglomerations of foreign direct investments attracted even more foreign capital than in 2006 (the capital region and the Western regions) and the areas that lacked investments before are now even more behind the leading regions (the Eastern and Southern regions).

Suggested Citation

  • Raluca Georgiana POPESCU, 2011. "The Regional Climate of Foreign Direct Investments in Romania," Review of Economic and Business Studies, Alexandru Ioan Cuza University, Faculty of Economics and Business Administration, issue 8, pages 321-330, December.
  • Handle: RePEc:aic:revebs:y:2011:i:8:popescur
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    References listed on IDEAS

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    1. Marelli, Enrico, 2004. "Evolution of employment structures and regional specialisation in the EU," Economic Systems, Elsevier, vol. 28(1), pages 35-59, March.
    2. Botezatu, Elena, 2007. "Romania between the challenges of competitiveness and regional cohesion," MPRA Paper 4948, University Library of Munich, Germany.
    3. Christian Hilber & Ioan Voicu, 2010. "Agglomeration Economies and the Location of Foreign Direct Investment: Empirical Evidence from Romania," Regional Studies, Taylor & Francis Journals, vol. 44(3), pages 355-371.
    4. Constantin LEFTER & Cristinel CONSTANTIN, 2009. "Economic and social disparities of Romania in regional and county profile," Management & Marketing, Economic Publishing House, vol. 4(1), Spring.
    5. Mariana BALAN & Alina SOLOMON, 2010. "Macroeconomic Evolution in Romania’s Development Regions within the Current Economic- Financial Crisis," Scientific Bulletin - Economic Sciences, University of Pitesti, issue 9, pages 29-38.
    6. Fazia Pusterla & Laura Resmini, 2005. "Where do foreign firms locate in transition Countries? An empirical investigation," ISLA Working Papers 20, ISLA, Centre for research on Latin American Studies and Transition Economies, Universita' Bocconi, Milano, Italy, revised Sep 2005.
    7. Pelinescu, Elena & Radulescu, Magdalena, 2009. "The Impact of Foreign Direct Investment on the Economic Growth and Countries’ Export Potential," Journal for Economic Forecasting, Institute for Economic Forecasting, vol. 0(4), pages 153-169, December.
    8. Henry G. Overman & Diego Puga, 2002. "Unemployment clusters across Europe's regions and countries," Economic Policy, CEPR;CES;MSH, vol. 17(34), pages 115-148, April.
    9. Manuela Rozalia Gabor & Daniela Ştefănescu & Lia Codrina Conţiu, 2010. "The Application of Main Component Analysis Method on Indicators of Romanian National Authority for Consumers Protection Activities," The AMFITEATRU ECONOMIC journal, Academy of Economic Studies - Bucharest, Romania, vol. 12(28), pages 314-331, June.
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    Cited by:

    1. repec:gam:jsusta:v:9:y:2017:i:4:p:526-:d:94466 is not listed on IDEAS

    More about this item

    Keywords

    foreign direct investments; Regional disparities; Agglomerations;

    JEL classification:

    • R11 - Urban, Rural, Regional, Real Estate, and Transportation Economics - - General Regional Economics - - - Regional Economic Activity: Growth, Development, Environmental Issues, and Changes
    • F2 - International Economics - - International Factor Movements and International Business
    • F21 - International Economics - - International Factor Movements and International Business - - - International Investment; Long-Term Capital Movements

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