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Competitiveness Of The Romanian Economy

Author

Listed:
  • Pirvu Gheorghe
  • Gruescu Ramona
  • Nanu Roxana

    (University of Craiova)

Abstract

Romania is far from the last stage of the economic development, the one based on innovation, it is still important to analyse the germs of such an economy. The studies carried out confirm the high importance of the researchdevelopment activity which leads to innovation, as opposed to the capital accumulation or the workforce. The economic science show that a sustainable growth cannot be accomplished only through investments and by providing the stability of the macroeconomic environment, if these are not doubled by the technical progress, which amplifies the value of the capital and of the workforce.

Suggested Citation

  • Pirvu Gheorghe & Gruescu Ramona & Nanu Roxana, 2009. "Competitiveness Of The Romanian Economy," Annals of University of Craiova - Economic Sciences Series, University of Craiova, Faculty of Economics and Business Administration, vol. 1(37), pages 7-14, May.
    • Handle: RePEc:aio:aucsse:v:1:y:2009:i:11:p:7-14
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    File URL: http://feaa.ucv.ro/AUCSSE/0036v1-001.pdf
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    More about this item

    Keywords

    competitiveness; capital accumulation;

    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
    • I00 - Health, Education, and Welfare - - General - - - General

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