Competitiveness and Economic Growth in Romanian Regions
regional competitiveness, economic growth, labour market, occupation, unemployment
Considering the fact that Romanian economy competitiveness is not based on innovation and
investment in human capital, this study makes an empirical evaluation of the impact of occupation
and unemployment in Romanian counties on the economic growth. The approach
based on panel vector-autoregressive (panel VAR) models indicated a negative impact of occupation
and activity rate in 42 Romanian counties on the economic growth during 2006-2014.
On the other hand, the real economic growth was achieved at high unemployment rates. These
results are contrary to previous studies in literature and are due to a structural economic crisis
and to lack of labour productivity and investment in human capital. Further policy measures
should focus on structural unemployment decrease, more skilled labour force according to
labour market needs, lifelong learning, higher performance and quality of education system,
promotion of social inclusion, poverty control.
Competitiveness and Economic Growth in Romanian Regions [PDF file] [Filesize: 564.77 KB]
Simionescu, M. (2016) Competitiveness and Economic Growth in Romanian Regions. Journal of Competitiveness, 8 (4), 46-60 https://doi.org/10.7441/joc.2016.04.03