DETERMINANTS OF REGIONAL COMPETITIVENESS IN ROMANIA - A PANEL DATA APPROACH

Chilian Mihaela-Nona (), Mihaela Simionescu and Iordan Marioara ()
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Chilian Mihaela-Nona: Institute for Economic Forecasting of the Romanian Academy.
Iordan Marioara: Institute for Economic Forecasting of the Romanian Academy.

Management Strategies Journal, 2014, vol. 26, issue 4, 13-20

Abstract: In this study, a few panel data models were estimated to analyze the regional competitiveness in the 42 counties (including Bucharest) of Romania. The dynamic panel with Arellano "Bover/Blundell" Bond estimators and robust standard errors showed that during 2000-2012 the GDP in the current period depends on the average number of employees and on the GDP value of the previous period. For a fixed effect model, 34.41% (Rho) of the total variation is due to the differences within the counties. The Moran's I index in 2000 is negative and close to zero (0.035) suggesting a negative but non-significant spatial autocorrelation. In 2012, the Moran I's suggests a positive and non-significant spatial auto-correlation.

Keywords: competitiveness; panel; dynamic panel; GDP; Moran's I index (search for similar items in EconPapers)
JEL-codes: C23 C33 C51 (search for similar items in EconPapers)
Date: 2014
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Persistent link: https://EconPapers.repec.org/RePEc:brc:journl:v:26:y:2014:i:4:p:13-20

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