DO THE REGIONS OF ROMANIA HAVE POTENTIAL FOR SERVICE INNOVATION? THE CASE OF THE REGION OF BUCHAREST-ILFOV

Iosif Alina-Elena
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Iosif Alina-Elena: THE FACULTY OF BUSINESS AND TOURISM – THE BUCHAREST UNIVERSITY OF ECONOMIC STUDIES, ROMANIA,

Annals - Economy Series, 2015, vol. 3, 176-182

Abstract: The paper is focused on conducting an assessment on one particular region of Romania, namely the region of Bucharest-Ilfov, in relation to service innovation. The paper starts with an introductory section that reveals the region’s position in terms of competitiveness and innovation within the European Union. Afterwards, a short snapshot on innovation and service innovation is included, followed by a SWOT analysis of the Region of Bucharest-Ilfov. Both the socio-economic performance of the region and the regional performance in service innovation are analyzed. The paper ends with the conclusion section that includes an overview on the main characteristics of the region from the perspective of service innovation. The region of Bucharest-Ilfov is showing its performance in service innovation through various indicators, particularly by the share of employees in service innovation intensive industries and knowledge intensive service that overcome the EU average. Particularly, the enterprises from the Bucharest-Ilfov region are mostly encountered into the services sector, but they are at their beginnings in terms of service innovation. Moreover, most of the innovation comes from SMEs that tend to offer both product and process innovation. Consequently, service innovation in the region of Bucharest-Ilfov is mainly expected to be driven by the SMEs, but taking into account that big companies have their contribution too.

Keywords: innovation; service innovation; region; Bucharest-Ilfov (search for similar items in EconPapers)
Date: 2015
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Persistent link: https://EconPapers.repec.org/RePEc:cbu:jrnlec:y:2015:v:3:p:176-182

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