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New Trends in Competitiveness through Concentration and Specialization of Industrial Sectors. Case: Nord West Region of Romania

Author

Listed:
  • Corina Radulescu
  • Ioan Abrudan
  • Rita Toader
  • Gratiela Boca
  • Florina Rada Hahn

    (Department of Economics and Physics, Technical University of Cluj Napoca)

Abstract

The key factor in determining economic growth, for the entry in a market full of strong competitive forces, is economic competitiveness. In addition, the development of competitive economic advantages must be a constant process, which takes into account European trends, and the process of globalization as a whole. The paper provides an analysis of competitiveness through concentration and specialization patterns in NW Region of Romania, and by data processing reveals the most important industrial sectors in this region .Conclusions point out that the increase in competitiveness should not be seen as a process of exploiting short-term advantages but as a process of building an economic structure based on capital investment and research -development-innovation processes. In other words, a medium and long term perspective should consider a knowledge-based development of economy. Sustainable economic growth and improving living standards of the population are determined by the development of economic competitiveness in the context of global challenges (globalization of the economy, opening of international markets, rapid technological change), challenges that must be turned into opportunities for the Romanian economy.

Suggested Citation

  • Corina Radulescu & Ioan Abrudan & Rita Toader & Gratiela Boca & Florina Rada Hahn, 2014. "New Trends in Competitiveness through Concentration and Specialization of Industrial Sectors. Case: Nord West Region of Romania," Mathematical Modelling with Application in Economics 1404, Technical University of Cluj Napoca, Department of Economics and Physics.
    • Handle: RePEc:clj:icmmae:1404
    as

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    File URL: ftp://econ.cunbm.utcluj.ro/econ/papers/icmmae/icmmae14-04.pdf
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    References listed on IDEAS

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

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    More about this item

    Keywords

    competitiveness; industry; concentration ; Gini index; smart specialization;
    All these keywords.

    JEL classification:

    • C80 - Mathematical and Quantitative Methods - - Data Collection and Data Estimation Methodology; Computer Programs - - - General
    • L11 - Industrial Organization - - Market Structure, Firm Strategy, and Market Performance - - - Production, Pricing, and Market Structure; Size Distribution of Firms
    • M31 - Business Administration and Business Economics; Marketing; Accounting; Personnel Economics - - Marketing and Advertising - - - Marketing

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