On the Competitiveness, between Inputs and Outputs. Romania’s Case in the EU
This paper is observing the effectiveness of the amounts spent by the Romanian Government in supporting and promoting Romanian economy's competitiveness, through the evolution of specific indicators. While the efforts in terms of expenditures for increasing the competitiveness can be possibly measured by the afore mentioned indicators, the economy's posture is not evident thus some proxy measurements must be formulated. We then calculate the correlation between spending (in Education, R&D, Innovation) and ranking on competitiveness in the EU and even worldwide. We find that there is a weak correlation between the two terms, indicating that the funds could be better employed elsewhere.
Volume (Year): XI (2011)
Issue (Month): 2 (May)
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