IDEAS home Printed from https://ideas.repec.org/a/jis/ejistu/y2021i01id466.html
   My bibliography  Save this article

Analysis of Romania's Performance in the Implementation of European Strategies for Innovation and Competitiveness at Country Level

Author

Listed:
  • BATUSARU Cristina Maria
  • RADOIU Alina

Abstract

The European economy has been strongly tested by the effects of the economic crisis in 2008, so economic policy makers had to identify tools to counteract them and identify innovative strategies meant to support economic recovery in the shortest possible time. Considering the complex character of the economies that form the European Union, and their various needs, the innovative character of the identified strategies represented the determining factor of ensuring competitiveness among them. The identification of the specific development needs of the national economies is the main condition for the programs started at community and national level to reach their objectives of economic competitiveness and innovation. This paper aims to analyze the economic competitiveness of Romania in the European context, aiming to identify how the premises of this concept are ensured by using the financial instruments made available by the European Union. The objective of this study is to establish competitiveness at regional level, which is particularly useful in guiding the financial support for the 2014-2020 multiannual financial framework. The analysis of the competitiveness of the Romanian economy will take into account the Global Competitiveness Index and the Regional Competitiveness Index, following the way of relating the competitiveness and sustainability measured as economic dimension. The results of these evaluations will be the basis of the recommendations regarding the future efforts that Romania should make in order to successfully implement the competitiveness and innovation strategies promoted by the European Union. In this sense, the financial instruments used to support the competitiveness policy are an essential condition of innovation and they are the basis of the premise of sustainability of the Romanian economy.

Suggested Citation

  • BATUSARU Cristina Maria & RADOIU Alina, 2021. "Analysis of Romania's Performance in the Implementation of European Strategies for Innovation and Competitiveness at Country Level," European Journal of Interdisciplinary Studies, Bucharest Economic Academy, issue 01, March.
    • Handle: RePEc:jis:ejistu:y:2021:i:01:id:466
    as

    Download full text from publisher

    File URL: https://ejist.ro/files/pdf/466.pdf
    Download Restriction: no
    File URL: https://ejist.ro/abstract/466/Analysis-of-Romania-s-Performance-in-the-Implementation-of-European-Strategies.html
    Download Restriction: no
    ---><---

    References listed on IDEAS

    as
    1. Michael Landesmann & Sandra M. Leitner & Robert Stehrer, 2015. "Competitiveness of the European Economy," wiiw Research Reports 401, The Vienna Institute for International Economic Studies, wiiw.
    2. Olteanu Dan, 2006. "Factorul tehnologic şi creşterea economică. Studiu comparativ pentru ţările est şi vest-europene," Revista OEconomica, Romanian Society for Economic Science, Revista OEconomica, issue 01, March.
    3. Adam P. Balcerzak, 2016. "Multiple-criteria Evaluation of Quality of Human Capital in the European Union Countries," Working Papers 18/2016, Institute of Economic Research, revised May 2016.
    Full references (including those not matched with items on IDEAS)

    Most related items

    These are the items that most often cite the same works as this one and are cited by the same works as this one.
    1. Fanti, Lucrezia & Pereira, Marcelo C. & Virgillito, Maria Enrica, 2023. "The North-South divide: Sources of divergence, policies for convergence," Journal of Policy Modeling, Elsevier, vol. 45(2), pages 405-429.
    2. Carmen Díaz-Mora & Rosario Gandoy & Belén González-Díaz, 2018. "Looking into global value chains: influence of foreign services on export performance," Review of World Economics (Weltwirtschaftliches Archiv), Springer;Institut für Weltwirtschaft (Kiel Institute for the World Economy), vol. 154(4), pages 785-814, November.
    3. Adam P. Balcerzak, 2016. "Technological Potential of European Economy. Proposition of Measurement with Application of Multiple Criteria Decision Analysis," Montenegrin Journal of Economics, Economic Laboratory for Transition Research (ELIT), vol. 12(3), pages 7-17.
    4. Mohammed Shuaibu & Popoola Timothy Oladayo, 2016. "Determinants Of Human Capital Development In Africa: A Panel Data Analysis," Oeconomia Copernicana, Institute of Economic Research, vol. 7(4), pages 523-549, December.
    5. Biswajit Banerjee & Juraj Zeman, 2020. "Determinants of Global Value Chain Participation: Cross-country Analysis," Working and Discussion Papers WP 1/2020, Research Department, National Bank of Slovakia.
    6. Falkowski Krzysztof, 2018. "Competitiveness of the Baltic States in International High-Technology Goods Trade," Comparative Economic Research, Sciendo, vol. 21(1), pages 25-43, March.
    7. Armenia ANDRONICEANU, 2017. "Hospital Management Based on the Relationship between Doctors and Patients," REVISTA ADMINISTRATIE SI MANAGEMENT PUBLIC, Faculty of Administration and Public Management, Academy of Economic Studies, Bucharest, Romania, vol. 2017(29), pages 41-53, December.
    8. Muhammad Haseeb & Hafezali Iqbal Hussain & Sebastian Kot & Armenia Androniceanu & Kittisak Jermsittiparsert, 2019. "Role of Social and Technological Challenges in Achieving a Sustainable Competitive Advantage and Sustainable Business Performance," Sustainability, MDPI, vol. 11(14), pages 1-23, July.
    9. Alexandra-Nicoleta Ciucu (Durnoi) & Kosyo Stoychev & Camelia Delcea & Vanesa Madalina Vargas & Carmen Pauna, 2024. "Regional SDG Performance in Bulgaria and Romania: Poverty, Education, and Decent Work," The AMFITEATRU ECONOMIC journal, Academy of Economic Studies - Bucharest, Romania, vol. 26(Special 1), pages 1208-1208, November.
    10. Biswajit Banerjee & Juraj Zeman, 2022. "Determinants of global value chain participation: cross-country analysis," Indian Economic Review, Springer, vol. 57(1), pages 59-95, June.
    11. Rita Cappariello & Milan Damjanovic & Michele Mancini & Filippo Vergara Caffarelli, 2018. "EU-UK global value chain trade and the indirect costs of Brexit," Questioni di Economia e Finanza (Occasional Papers) 468, Bank of Italy, Economic Research and International Relations Area.
    12. Anna Tatarczak & Oleksandra Boichuk, 2018. "The multivariate techniques in evaluation of unemployment analysis of Polish regions," Oeconomia Copernicana, Institute of Economic Research, vol. 9(3), pages 361-380, September.
    13. Randolph Luca Bruno & Elodie Douarin & Julia Korosteleva & Slavo Radosevic, 2022. "The Two Disjointed Faces of R&D and the Productivity Gap in Europe," Journal of Common Market Studies, Wiley Blackwell, vol. 60(3), pages 580-603, May.
    14. Judit Oláh & Zuzana Virglerova & József Popp & Jana Kliestikova & Sándor Kovács, 2019. "The Assessment of Non-Financial Risk Sources of SMES in the V4 Countries and Serbia," Sustainability, MDPI, vol. 11(17), pages 1-19, September.
    15. repec:mje:mjejnl:v:12:y:2017:i:1:p:87-95 is not listed on IDEAS
    16. Yener Kandogan, 2003. "The Reorientation of Transition Countries??? Exports: Changes in Quantity, Quality and Variety," William Davidson Institute Working Papers Series 2003-631, William Davidson Institute at the University of Michigan.
    17. Lucrezia Fanti & Marcelo C Pereira & Maria Enrica Virgillito, 2024. "A North-South Agent–Based Model of segmented labor markets: the role of education and trade asymmetries," Industrial and Corporate Change, Oxford University Press and the Associazione ICC, vol. 33(2), pages 383-423.
    18. Michal Bernard Pietrzak, 2016. "The Problem of the Inclusion of Spatial Dependence Within the TOPSIS Method," Montenegrin Journal of Economics, Economic Laboratory for Transition Research (ELIT), vol. 12(3), pages 69-86.
    19. Bartłomiej Marona & Annette Van den Beemt-Tjeerdsma, 2018. "Impact of Public Management Approaches on Municipal Real Estate Management in Poland and The Netherlands," Sustainability, MDPI, vol. 10(11), pages 1-15, November.
    20. Artur Sajnóg & Anna Rogoziñska-Pawe³czyk, 2022. "Executive compensation and the financial performance of Polish listed companies from the corporate governance perspective," Equilibrium. Quarterly Journal of Economics and Economic Policy, Institute of Economic Research, vol. 17(2), pages 459-480, June.
    21. Michał Barnard Pietrzak & Adam P. Balcerzak & Artur Gajdos & Łukasz Arendt, 2017. "Entrepreneurial environment at regional level: the case of Polish path towards sustainable socio-economic development," Entrepreneurship and Sustainability Issues, VsI Entrepreneurship and Sustainability Center, vol. 5(2), pages 190-203, December.

    More about this item

    Keywords

    competitiveness; strategy; innovation; financial instruments;
    All these keywords.

    JEL classification:

    • O11 - Economic Development, Innovation, Technological Change, and Growth - - Economic Development - - - Macroeconomic Analyses of Economic Development
    • F15 - International Economics - - Trade - - - Economic Integration
    • F43 - International Economics - - Macroeconomic Aspects of International Trade and Finance - - - Economic Growth of Open Economies

    Statistics

    Access and download statistics

    Corrections

    All material on this site has been provided by the respective publishers and authors. You can help correct errors and omissions. When requesting a correction, please mention this item's handle: RePEc:jis:ejistu:y:2021:i:01:id:466. See general information about how to correct material in RePEc.

    If you have authored this item and are not yet registered with RePEc, we encourage you to do it here. This allows to link your profile to this item. It also allows you to accept potential citations to this item that we are uncertain about.

    If CitEc recognized a bibliographic reference but did not link an item in RePEc to it, you can help with this form .

    If you know of missing items citing this one, you can help us creating those links by adding the relevant references in the same way as above, for each refering item. If you are a registered author of this item, you may also want to check the "citations" tab in your RePEc Author Service profile, as there may be some citations waiting for confirmation.

    For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: Alina Popescu (email available below). General contact details of provider: https://edirc.repec.org/data/frasero.html .

    Please note that corrections may take a couple of weeks to filter through the various RePEc services.

    IDEAS is a RePEc service. RePEc uses bibliographic data supplied by the respective publishers.