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Regional Development And Innovation In Romania. Challenges And Perspectives

Author

Listed:
  • Chirila Lavinia Florentina

    (Scoala Doctorala de Stiinte Sociale, Domeniul Economie, Facultatea de Stiinte Economice, Universitatea din Oradea)

Abstract

Regional innovation is considered one of the most important drivers of development at present. Innovation is the tool that can help regions develop regardless of their natural resources and potential. The main purpose of the paper is to foster the innovation at regional level in Romania in order to determine and highlight the need of further measures to increase regional innovation and regional development of Romanian regions in the current context of getting out of the economic crises. Romania is subject of discrepancies not only at European level but at national level as well in terms of economic development and regional innovation. The research undertaken in the present paper is a qualitative research and followes the model proposed by the Group of Applied Economics in the study called Manual of regional competitiveness assessment, and in the study called Romania's reindustrialization: policy and strategy, study commissioned by the Ministry of Economy, Trade and Business, and uses regional indicators of the eight Romanian development regions in order to measure the Competitiveness Index based on three Indexes, namely Economic, Social and Innovation Index. The data used was collected from Romania's National Institute of Statistic, National Centre of Prognosis and from the Eurostat database. The general objective is to enhance the great role of regional level in innovation and to sensitize the policy makers about the need to introduce a regional level in order to enforce regional innovation, the main way of improving regional competitiveness and regional development. The main findings reveal that the Romanian regions that invested more in innovation have a positive evolution in terms of economic growth over time so it is for the best of a region to invest in innovation, an aspect that should be taken into consideration by policy makers and private sector when planning the investments within a region.

Suggested Citation

  • Chirila Lavinia Florentina, 2013. "Regional Development And Innovation In Romania. Challenges And Perspectives," Annals of Faculty of Economics, University of Oradea, Faculty of Economics, vol. 1(1), pages 234-242, July.
    • Handle: RePEc:ora:journl:v:1:y:2013:i:1:p:234-242
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    File URL: http://anale.steconomiceuoradea.ro/volume/2013/n1/025.pdf
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    Cited by:

    1. Ivano De Turi & Margaret Antonicelli, 2019. "Can the External Environment Generate Better Economic Performance in Academic Spin-Offs?," International Business Research, Canadian Center of Science and Education, vol. 12(11), pages 30-37, November.
    2. Ivano De Turi & Antonello Garzoni, 2018. "The Impact of the External Environment on the Growth of the Italian Academic Spin-Offs: A Cross-Sectional Analysis," International Journal of Business and Management, Canadian Center of Science and Education, vol. 13(8), pages 1-16, June.

    More about this item

    Keywords

    Innovation index; Economic index; regional innovation; regional development; regional competitiveness;
    All these keywords.

    JEL classification:

    • P25 - Political Economy and Comparative Economic Systems - - Socialist and Transition Economies - - - Urban, Rural, and Regional Economics
    • R11 - Urban, Rural, Regional, Real Estate, and Transportation Economics - - General Regional Economics - - - Regional Economic Activity: Growth, Development, Environmental Issues, and Changes
    • R58 - Urban, Rural, Regional, Real Estate, and Transportation Economics - - Regional Government Analysis - - - Regional Development Planning and Policy

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