NEW DOMINANT ECONOMIC LOGIC AND ITS IMPACT ON EUROPEAN LEVEL. AN ECONOMETRIC APPROACH

Sima Isabella-Cristiana () and Marin Camelia-Aurelia
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Sima Isabella-Cristiana: “Constantin Brâncoveanu” University, Romania
Marin Camelia-Aurelia: “Constantin Brâncoveanu” University, Romania

Management Strategies Journal, 2013, vol. 22, issue Special, 48-54

Abstract: The world is changing; a new dominant economic logic appears. What we can see now is that this change doesn’t seem to come from economic leaders, it comes from emergent economies like BRICS Group or the “4 Asian Tigers”. The European Union economic links with those groups are more and more obvious, so this thesis wants to be an analysis of how those dominant logical changes influence the European Union economy. In this way, we made an analysis of statistic dates and an econometric analysis using multiple regressions. The research results are that turbulences on the world great economic market, - like it was expected – have repercussions on the economic development of the European Union, but with a good strategy and politics this could stay in the ranking of the great economic powers in the future.

Keywords: the dominant economic logic; economic integration; economic development; an econometric model; macroeconomic indicators (search for similar items in EconPapers)
JEL-codes: F1 F15 (search for similar items in EconPapers)
Date: 2013
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Persistent link: https://EconPapers.repec.org/RePEc:brc:journl:v:23:y:2013:i:s:p:48-54

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