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Regional Disparities In Romanian Economic Development

Author

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  • Oana Chindris Vasioiu

    (Ecological University of Bucharest)

Abstract

Regional development is a concept that aims to boost economic activity and diversification. However, regional development aims to stimulate private sector investment and contribution to reducing unemployment. As regards Romania, growth followed a westeast direction. Proximity to western markets acted as growth factor delivery. This was a national trend, except for the Bucharest-Ilfov, whose situation in the country's economic landscape is completely special. Although statistics show some oscillations in time due to local factors, it can be seen how economic growth has shown some fluctuations. This is due to specific local factors, geographic factors are significant. Underdeveloped areas are concentrated in the northeast, on the border with Moldova and South, along the Danube. Underdevelopment is largely correlated with the prevalence of unemployment and rural activities, and the inability to attract foreign direct investment.

Suggested Citation

  • Oana Chindris Vasioiu, 2013. "Regional Disparities In Romanian Economic Development," Working papers 13, Ecological University of Bucharest, Department of Economics.
    • Handle: RePEc:eub:wpaper:2013-13
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    More about this item

    Keywords

    regional development; economic growth; unemployment; FDI;
    All these keywords.

    JEL classification:

    • R11 - Urban, Rural, Regional, Real Estate, and Transportation Economics - - General Regional Economics - - - Regional Economic Activity: Growth, Development, Environmental Issues, and Changes
    • R12 - Urban, Rural, Regional, Real Estate, and Transportation Economics - - General Regional Economics - - - Size and Spatial Distributions of Regional Economic Activity; Interregional Trade (economic geography)

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