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Regional Resilience in Romania

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Abstract

In this study we propose to evaluate the capacity of resilience of Romania as seen in reaction to the economic crisis. There are several studies about regional resilience, which focus on factors which improve the capacity of a region to respond to crisis or shocks and to recover and return to the previous state of equilibrium. In this approach, several factors are important, such as the capacity of an economy to be innovative and adaptive. We study regional resilience, and we also study relation of resilience to competitiveness or vulnerability. Resilience can be measured either by GDP evolution or the evolution of the unemployment rate. We focus here on evolution of GDP in Romania during crisis, showing that our country succeeded to recover with great difficulty and in a long period from the crisis, which proved a low resilience at national but also regional/county level. Therefore we must find innovative strategies to improve resilience if we want to face the challenges of the competing international economy.

Suggested Citation

  • Ada Marinescu, 2016. "Regional Resilience in Romania," Knowledge Horizons - Economics, Faculty of Finance, Banking and Accountancy Bucharest,"Dimitrie Cantemir" Christian University Bucharest, vol. 8(1), pages 111-117, March.
    • Handle: RePEc:khe:journl:v:8:y:2016:i:1:p:111-117
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    References listed on IDEAS

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    1. Gheorghe ZAMAN & Valentina VASILE, 2014. "Conceptual framework of economic resilience and vulnerability,at national and regional levels," Romanian Journal of Economics, Institute of National Economy, vol. 39(2(48)), pages 5-18, December.
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