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Is Romania a Favourable Environment for the Development of Knowledge-Based Organizations?

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  • Adela Anca FUCEC

    (The Bucharest University of Economic Studies, Romania)

Abstract

The Europe 2020 Stategy enhances the European Union’s efforts to achieve sustainable economic growth, by transforming the economies of the member states in knowledge-based economies. This strategy aims at five major objectives that relate to unemployment, research and development, energy, education, poverty and social exclusion. Using the 8 indicators which measure these developments, this article aims to achieve an informational synthesis with a tolerable loss of information and to obtain an aggregate indicator, which will help at a graphical representation or a hierarchization of the countries analyzed. Using the Principal Components Analysis, we used the values of the 8 indicators registered in the EU countries, plus Switzerland, Norway and Iceland, in 2010; two indicators that give about 95% of initial information have been found and it now becomes possible to rank the countries in terms of their evolution towards the stage of a knowledge-based economy. Thus, we get the answer to the question-title, discovering Romania's position in the European landscape of knowledge-based economies, by having achieved the ranking of the countries.

Suggested Citation

  • Adela Anca FUCEC, 2012. "Is Romania a Favourable Environment for the Development of Knowledge-Based Organizations?," REVISTA DE MANAGEMENT COMPARAT INTERNATIONAL/REVIEW OF INTERNATIONAL COMPARATIVE MANAGEMENT, Faculty of Management, Academy of Economic Studies, Bucharest, Romania, vol. 13(5), pages 768-777, December.
    • Handle: RePEc:rom:rmcimn:v:13:y:2012:i:5:p:768-777
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    References listed on IDEAS

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    1. Ovidiu NICOLESCU & Ion VERBONCU & Ciprian NICOLESCU & Florin ANGHEL, 2011. "Romanian Management Status and Performance in the European Environment," REVISTA DE MANAGEMENT COMPARAT INTERNATIONAL/REVIEW OF INTERNATIONAL COMPARATIVE MANAGEMENT, Faculty of Management, Academy of Economic Studies, Bucharest, Romania, vol. 12(4), pages 627-639, October.
    2. Sebastian Ion CEPTUREANU & Eduard Gabriel CEPTUREANU & Filip ZGUBEA & Alina TUDORACHE, 2012. "Economic Survey on Knowledge Based Management in Romanian Companies," REVISTA DE MANAGEMENT COMPARAT INTERNATIONAL/REVIEW OF INTERNATIONAL COMPARATIVE MANAGEMENT, Faculty of Management, Academy of Economic Studies, Bucharest, Romania, vol. 13(2), pages 325-336, May.
    3. Sebastian Ion CEPTUREANU & Eduard Gabriel CEPTUREANU & Alina TUDORACHE & Filip ZGUBEA, 2012. "Knowledge Based Economy Assessment in Romania," Economia. Seria Management, Faculty of Management, Academy of Economic Studies, Bucharest, Romania, vol. 15(1), pages 70-87, June.
    4. Dedu, Vasile & Armeanu, Daniel & Enciu, Adrian, 2009. "Using the Multivariate Data Analysis Techniques on the Insurance Market," Journal for Economic Forecasting, Institute for Economic Forecasting, vol. 0(4), pages 170-179, December.
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    More about this item

    Keywords

    Europe 2020 strategy; Principal Components Analysis; knowledge-based economy; Romania;
    All these keywords.

    JEL classification:

    • C82 - Mathematical and Quantitative Methods - - Data Collection and Data Estimation Methodology; Computer Programs - - - Methodology for Collecting, Estimating, and Organizing Macroeconomic Data; Data Access
    • O11 - Economic Development, Innovation, Technological Change, and Growth - - Economic Development - - - Macroeconomic Analyses of Economic Development
    • O52 - Economic Development, Innovation, Technological Change, and Growth - - Economywide Country Studies - - - Europe

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