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Romanian Competitiveness – A Rough Ride To Catch Up With The Eu

Author

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  • Andreea VASS

    () (Institute of National Economy)

Abstract

Our efforts of adjusting the political, economic, social and legislative systems emerged into a buoyant and dynamic economic environment after 2000. Still, with very few exceptions, the international classifications of the prosperity driving forces’ performance push Romania to the European periphery. Escaping it is the roughest ride to catch up with the EU. We start with a short debate on what makes nations competitive and an overview of Romania’s growth and productivity facts that make us lag behind the EU countries. We focus further on the key domestic policy challenges that Romania must address and on the competitiveness benchmarking worldwide. Finally, we provide specific recommendations for the economic competitiveness policy-making and institutional capacity in Romania, as well as for the efficient allocation of European funds oriented towards competitiveness.

Suggested Citation

  • Andreea VASS, 2007. "Romanian Competitiveness – A Rough Ride To Catch Up With The Eu," Romanian Journal of Economics, Institute of National Economy, vol. 25(2(34)), pages 94-124, December.
  • Handle: RePEc:ine:journl:v:2:y:2007:i:25:p:94-124
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    More about this item

    Keywords

    economic competitiveness; public policy-making; absorption of structural funds; international benchmarking;

    JEL classification:

    • O47 - Economic Development, Innovation, Technological Change, and Growth - - Economic Growth and Aggregate Productivity - - - Empirical Studies of Economic Growth; Aggregate Productivity; Cross-Country Output Convergence
    • F15 - International Economics - - Trade - - - Economic Integration
    • F59 - International Economics - - International Relations, National Security, and International Political Economy - - - Other
    • H5 - Public Economics - - National Government Expenditures and Related Policies
    • J24 - Labor and Demographic Economics - - Demand and Supply of Labor - - - Human Capital; Skills; Occupational Choice; Labor Productivity

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