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The Role of Knowledge Intensive Business Services on Romania’s Economic Revival and Modernization at the Regional Level

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  • Cristian Busu

    (The Bucharest University of Economic Studies, 6 Piata Romana, 1st district, 010374 Bucharest, Romania)

  • Mihail Busu

    (The Bucharest University of Economic Studies, 6 Piata Romana, 1st district, 010374 Bucharest, Romania)

Abstract

Knowledge intensive business services have recently become one of the most important themes addressed by researchers in the field. Their interest in such a subject is due primarily to the impact they have in terms of growth rate, especially for the economies of emerging countries. The literature in the field brings a series of persuasive arguments about the role that these services have both at national and regional levels. In this paper, the authors make a radiography of the Romanian research system which is passing through a transition phase from the ruins of communism to the challenges of globalization. Moreover, the authors analyse the role of performance-based services in Romania’s regional development in correlation with the economic growth target at the national scale. Quantitative methods used during the present paper highlight the disparities between Romania’s geographic regions in terms of technological development and research. In addition, the econometric model developed in the study emphasizes the cohesion degree corresponding to the European Union Member States.

Suggested Citation

  • Cristian Busu & Mihail Busu, 2017. "The Role of Knowledge Intensive Business Services on Romania’s Economic Revival and Modernization at the Regional Level," Sustainability, MDPI, vol. 9(4), pages 1-15, March.
    • Handle: RePEc:gam:jsusta:v:9:y:2017:i:4:p:526-:d:94466
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    References listed on IDEAS

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    Cited by:

    1. Carmen Lenuta Trica & Cristian Silviu Banacu & Mihail Busu, 2019. "Environmental Factors and Sustainability of the Circular Economy Model at the European Union Level," Sustainability, MDPI, vol. 11(4), pages 1-16, February.
    2. V.V. Spitsin & A. Mikhalchuk & Darko B. Vukovic & L.Y. Spitsina, 2023. "Technical Efficiency of High-Technology Industries in the Crisis: Evidence from Russia," Journal of the Knowledge Economy, Springer;Portland International Center for Management of Engineering and Technology (PICMET), vol. 14(1), pages 200-225, March.
    3. Busu Mihail & Vargas Madalina Vanesa & Gherasim Ioan Alexandru, 2020. "An analysis of the economic performances of the retail companies in Romania," Management & Marketing, Sciendo, vol. 15(1), pages 125-133, March.
    4. Lavinia Cornelia Butum & Luminița Nicolescu & Sergiu Octavian Stan & Andrei Găitănaru, 2020. "Providing Sustainable Knowledge for the Young Graduates of Economic and Social Sciences. Case Study: Comparative Analysis of Required Global Competences in Two Romanian Universities," Sustainability, MDPI, vol. 12(13), pages 1-29, July.

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