KNOWLEDGE-INTENSIVE SERVICES AND THEIR EFFECT ON ECONOMIC GROWTH

Cioban Gabriela-Liliana
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Cioban Gabriela-Liliana: FACULTY OF ECONOMICS AND PUBLIC ADMINISTRATION STEFAN CEL MARE UNIVERSITY OF SUCEAVA SUCEAVA, ROMANIA

Annals - Economy Series, 2015, vol. 1I, 50-57

Abstract: This paper starts from the idea that the key determinants for economic growth can be: smart growth (promoting knowledge, innovation, education and the digital society), sustainable growth (a more competitive production, with a better use of resources) and an economic growth that promotes togetherness (higher workforce participation, acquiring skills and the fight against poverty). I have also considered the fact that economic growth cannot be made at random, but has to consider the characteristics, as well as strong and weak points of the counties that are being analyzed. Notes so far are complemented by the analysis of some benchmarks for the economy of the EU countries (GDP, employment rate of labor, employment rate of dropping school, amount of GDP allocated to Research&Development, human poverty index). EU interest in obtaining long-term prosperity lies in analyzing the factors that contribute to this objective. Evaluation of the benchmarks and factors impacting economic growth highlights the purpose of this paper and its importance for the XXI century society. Proposed strategies involve a thorough research on the current situation in Romania and in the EU and in this case I consider that the economies are intrinsically linked and no member state can effectively address global challenges in an isolated action.

Keywords: Europe 2020 Strategy; knowledge-intensive services; research and development; GDP; employment rate of labor; sustainable growth; smart growth; benchmarks. (search for similar items in EconPapers)
Date: 2015
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