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Urban Development, Significant Factor in The Economic Development of The Regions

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  • Ana-Angela Milan

    (“Transilvania†University of Brasov, Romania)

Abstract

Global economic development has always been accompanied by a complex process of urbanization and an important role has been played by the development of effective strategies at the level of these communities. The purpose of this analysis is to determine the manner and extent to which the economic growth of the regions of the country, has been influenced by certain financial, social, population-setting factors, of public utilities and the administration of the territory, specific to the urban environment, with the help of econometric analysis on panel data and by comparative analysis applied on two data sets from 2000-2019, for the eight regions of the country. The results of the final analysis, obtained using the REMrobust model, showed the significant influence of nine factors, from twelve indicators investigated, on the result indicator-PIBregional. These analyses are the levers through which decision-makers can capitalize on financing opportunities, through viable regional development projects.

Suggested Citation

  • Ana-Angela Milan, 2022. "Urban Development, Significant Factor in The Economic Development of The Regions," Ovidius University Annals, Economic Sciences Series, Ovidius University of Constantza, Faculty of Economic Sciences, vol. 0(2), pages 363-373, Decembrie.
    • Handle: RePEc:ovi:oviste:v:xxii:y:2022:i:2:p:363-373
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    File URL: https://stec.univ-ovidius.ro/html/anale/RO/2022-issue2/Section%203/21.pdf
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    References listed on IDEAS

    as
    1. Daniela ANTONESCU & Florina POPA, 2014. "Decentralisation And Regional Disparities In The Context Of The New Cohesion Policy," Romanian Journal of Economics, Institute of National Economy, vol. 38(1(47)), pages 167-196, June.
    2. Constantin LEFTER & Cristinel CONSTANTIN, 2009. "Economic and social disparities of Romania in regional and county profile," Management & Marketing, Economic Publishing House, vol. 4(1), Spring.
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    More about this item

    Keywords

    development plans; economic growth; regions;
    All these keywords.

    JEL classification:

    • C23 - Mathematical and Quantitative Methods - - Single Equation Models; Single Variables - - - Models with Panel Data; Spatio-temporal Models
    • H79 - Public Economics - - State and Local Government; Intergovernmental Relations - - - Other
    • I31 - Health, Education, and Welfare - - Welfare, Well-Being, and Poverty - - - General Welfare, Well-Being
    • R11 - Urban, Rural, Regional, Real Estate, and Transportation Economics - - General Regional Economics - - - Regional Economic Activity: Growth, Development, Environmental Issues, and Changes

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