COVID-19’S IMPACT ON THE NUTS2 ECONOMIES IN ROMANIA

Victor-Romeo Ionescu (), Monica Laura Zlati and Valentin Marian Antohi
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Victor-Romeo Ionescu: Dunarea de Jos" University of Galati
Monica Laura Zlati: "Ștefan cel Mare" University of Suceava, Romania
Valentin Marian Antohi: Dunarea de Jos" University of Galati, Romania

Romanian Journal of Regional Science, 2020, vol. 14, issue 1, 25-44

Abstract: The paper takes into consideration the impact of the Covid-19 pandemic and of the economic crisis on the NUTS2 public administrations in Romania. The authors propose a new econometric model able to offer concrete solution to the decision makers in order to realize the economic restart. The analysis covers all 8 NUTS2 regions and Romania and is based on statistical data during 2008-2020. These data were transposed on a matrix, obtaining trend curves of the financial performance dynamics (reflected by the obtained turnover) of the entities from the primary, secondary and tertiary sector, according to the CAEN code. The trend curves were analysed segmented by regions in order to obtain the economic evolution of each region. The main conclusion of the paper is that there is a powerful connection between the moment of the economic restarting and the dimension of the socio-economic costs in each NUTS2 region.

Keywords: NUTS2 administration capacity; Covid-19’s economic impact; economic crisis; econometric model of assisting the regional decision (search for similar items in EconPapers)
JEL-codes: R10 R11 R12 (search for similar items in EconPapers)
Date: 2020
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Persistent link: https://EconPapers.repec.org/RePEc:rrs:journl:v:14:y:2020:i:1:p:25-44

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