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The evolution of the regional disparities of foreign direct investments in Romania influenced by the integration in the European Union and the economic crisis

Author

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  • Raluca Georgiana POPESCU

    (THE ACADEMY OF ECONOMIC STUDIES, Bucharest, Romania)

  • Denisia VINTILA

    (THE ACADEMY OF ECONOMIC STUDIES, Bucharest, Romania)

  • Raluca ERDINC

    (THE ACADEMY OF ECONOMIC STUDIES, Bucharest, Romania)

Abstract

Romania is one of the countries with wide regional development gaps that need to be reduced in order to obtain a balanced economic development. The European Union membership was hopped to bring new foreign direct investments in areas which lack financial capital, but soon after the integration of Romania, the global economic crisis emerged, diminishing investment initiatives. Within this article we identify the diffusion of foreign direct investments across the country along with certain regional economic indicators that have proved to improve the local attractiveness for investors. We use a cluster analysis technique to see which development regions (NUTS II) group together and how the regional imbalances evolved from 2006 to 2009, before and after the EU integration.

Suggested Citation

  • Raluca Georgiana POPESCU & Denisia VINTILA & Raluca ERDINC, 2012. "The evolution of the regional disparities of foreign direct investments in Romania influenced by the integration in the European Union and the economic crisis," Anale. Seria Stiinte Economice. Timisoara, Faculty of Economics, Tibiscus University in Timisoara, vol. 0, pages 730-736, May.
    • Handle: RePEc:tdt:annals:v:xviii:y:2012:p:730-736
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    References listed on IDEAS

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    More about this item

    Keywords

    foreign direct investments; regional development disparities; regional attractiveness;
    All these keywords.

    JEL classification:

    • F15 - International Economics - - Trade - - - Economic Integration
    • G01 - Financial Economics - - General - - - Financial Crises
    • R12 - Urban, Rural, Regional, Real Estate, and Transportation Economics - - General Regional Economics - - - Size and Spatial Distributions of Regional Economic Activity; Interregional Trade (economic geography)

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