IDEAS home Printed from
   My bibliography  Save this article

Ensuring Competitive Advantage In Smes In The Construction Industry In Romania Through Technological Innovation


  • Ludmila Railean (Pãunescu)

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


During the current construction firms operating in a competitive environment internally and externally powerful. Confrontation between markets is particularly harsh, and that competition should be seen in its actual size, since only in this way will be able to take all necessary measures to ensure security and development of firms. To remain competitive in a globalized economy, it is essential for firms to invest in research, development and innovation. This is the best strategy to overcome the crisis. This paper describes some important links between the competitive advantage and technological innovation. I will focus not on specific technologies or how to drive research and development, but the means to recognize and exploit the competitive significance that involves technological innovation.

Suggested Citation

  • Ludmila Railean (Pãunescu), 2011. "Ensuring Competitive Advantage In Smes In The Construction Industry In Romania Through Technological Innovation," Revista Tinerilor Economisti (The Young Economists Journal), University of Craiova, Faculty of Economics and Business Administration, vol. 1(17), pages 110-117, November.
  • Handle: RePEc:aio:rteyej:v:1:y:2011:i:17:p:110-117

    Download full text from publisher

    File URL:
    Download Restriction: no

    References listed on IDEAS

    1. Engle, Robert & Granger, Clive, 2015. "Co-integration and error correction: Representation, estimation, and testing," Applied Econometrics, Publishing House "SINERGIA PRESS", vol. 39(3), pages 106-135.
    2. Brida, Juan Gabriel & Barquet, Andrea & Risso, Wiston Adrián, 2009. "Causality between Economic Growth and Tourism Expansion: Empirical Evidence from Trentino - Alto Adige," MPRA Paper 25316, University Library of Munich, Germany, revised 14 Dec 2009.
    3. Dickey, David A & Fuller, Wayne A, 1981. "Likelihood Ratio Statistics for Autoregressive Time Series with a Unit Root," Econometrica, Econometric Society, vol. 49(4), pages 1057-1072, June.
    4. Edgar J Sanchez Carrera & W. Adrian Risso & Juan Gabriel Brida, 2008. "Tourism's Impact on Long-Run Mexican Economic Growth," Economics Bulletin, AccessEcon, vol. 3(21), pages 1-8.
    5. repec:ebl:ecbull:v:3:y:2008:i:21:p:1-8 is not listed on IDEAS
    6. Johansen, Soren, 1988. "Statistical analysis of cointegration vectors," Journal of Economic Dynamics and Control, Elsevier, vol. 12(2-3), pages 231-254.
    7. Jordan Shan & Ken Wilson, 2001. "Causality between trade and tourism: empirical evidence from China," Applied Economics Letters, Taylor & Francis Journals, vol. 8(4), pages 279-283.
    8. Yair Eilat & Liran Einav, 2004. "Determinants of international tourism: a three-dimensional panel data analysis," Applied Economics, Taylor & Francis Journals, vol. 36(12), pages 1315-1327.
    9. repec:eee:touman:v:32:y:2011:i:2:p:377-385 is not listed on IDEAS
    10. Satheesh Aradhyula & Russell Tronstad, 2003. "Does Tourism Promote Cross-Border Trade?," American Journal of Agricultural Economics, Agricultural and Applied Economics Association, vol. 85(3), pages 569-579.
    11. Nuno Carlos LEITÃO, 2010. "Does Trade Help to Explain Tourism Demand? The Case of Portugal," Theoretical and Applied Economics, Asociatia Generala a Economistilor din Romania - AGER, vol. 3(3(544)), pages 63-74, March.
    Full references (including those not matched with items on IDEAS)

    More about this item


    competitiveness; innovation; construction industries; strategy; competitive advantage; SMEs.;

    JEL classification:

    • M10 - Business Administration and Business Economics; Marketing; Accounting; Personnel Economics - - Business Administration - - - General
    • M21 - Business Administration and Business Economics; Marketing; Accounting; Personnel Economics - - Business Economics - - - Business Economics
    • O32 - Economic Development, Innovation, Technological Change, and Growth - - Innovation; Research and Development; Technological Change; Intellectual Property Rights - - - Management of Technological Innovation and R&D


    Access and download statistics


    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:aio:rteyej:v:1:y:2011:i:17:p:110-117. See general information about how to correct material in RePEc.

    For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: (Ionascu Costel). General contact details of provider: .

    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.

    We have no references for this item. You can help adding them by using 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.

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

    IDEAS is a RePEc service hosted by the Research Division of the Federal Reserve Bank of St. Louis . RePEc uses bibliographic data supplied by the respective publishers.