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The regional competitiveness in Romania. A panel multivariate approach

Author

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  • Mihaela SIMIONESCU

    (Institute for Economic Forecasting of the Romanian Academy, Romania)

Abstract

The main objective of this study is to assess the regional competitiveness in Romania by two alternative and quantitative approaches: the panel data approach and the multivariate analysis. The use of these methods is almost inexistent for Romanian counties, even if there are many studies for other countries. For the 42 Romanian counties a dynamic panel model was estimated for the period from 2006 to 2013, the real GDP rate depending on this variable with 3 lags and by the research and development (R&D) expenses. On the other hand, a principal component analysis was conducted to determine the factors with an important contribution to explaining the regional competitiveness in the Romanian counties. In 2006, 59.93% of the variation in regional competitiveness is explained by aspects related to R&D activities, while aspects related to growth and labour market occupation explain only 29.95% of the variation. In 2013, 62.71% of the variation in regional competitiveness is explained only by aspects of the labour market, the economic growth being independent of this component

Suggested Citation

  • Mihaela SIMIONESCU, 2015. "The regional competitiveness in Romania. A panel multivariate approach," Romanian Journal of Economics, Institute of National Economy, vol. 41(2(50)), pages 103-120, december.
    • Handle: RePEc:ine:journl:v:41:y:2015:a:50:p:103-120
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    References listed on IDEAS

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    Full references (including those not matched with items on IDEAS)

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    More about this item

    Keywords

    competitiveness; research and development; dynamic panel; principal component analysis;
    All these keywords.

    JEL classification:

    • C23 - Mathematical and Quantitative Methods - - Single Equation Models; Single Variables - - - Models with Panel Data; Spatio-temporal Models
    • O11 - Economic Development, Innovation, Technological Change, and Growth - - Economic Development - - - Macroeconomic Analyses of Economic Development

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