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Formal Institutions and Regional Development. Considerations Regarding Romania

Author

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  • Ramona FRUNZĂ

    (“Alexandru Ioan Cuza” University, Iaşi)

Abstract

Assuming that a theory of development is incomplete without a theory of institutions, we propose in this paper to analyze, in a first part, the interrelation formal institutions-regional development and the ways trough which these two components sustain themselves, then, in the second part of the paper, we will analyze the degree of convergence of the eight development regions in Romania, taking into account indicators such as: GDP per capita, average net wage gain, unemployment rate, labor productivity, the share of sectors in total employment. The results of our research we hope to lead us, in the final of the paper, to draw some future action directions by which to reduce development disparities between regions, both at national level and at European level NUTS2.

Suggested Citation

  • Ramona FRUNZĂ, 2011. "Formal Institutions and Regional Development. Considerations Regarding Romania," Theoretical and Applied Economics, Asociatia Generala a Economistilor din Romania / Editura Economica, vol. 0(4(557)), pages 141-158, April.
    • Handle: RePEc:agr:journl:v:4(557):y:2011:i:4(557):p:141-158
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    Cited by:

    1. Bekana, Dejene Mamo, 2020. "Institutions, Innovation and Economic Growth in Sub-Saharan Africa: A Literature Review," Ethiopian Journal of Economics, Ethiopian Economics Association, vol. 29(01), April.
    2. Sorin Daniel Manole & Antonio Tache & Monica Tache, 2014. "Regional Development Survey by Data Panel Models," Romanian Statistical Review Supplement, Romanian Statistical Review, vol. 62(8), pages 19-33, August.

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