EVALUATION OF ECONOMIC CONVERGENCE IN ROMANIA

Cucos Paula – Roxana

Annals - Economy Series, 2016, vol. 5, 178-183

Abstract: This article aims to highlight the process of regional convergence (regarding income wage per capita) or on the contrary, the process of regional divergence, between the 42 counties as reference territorial units in Romania, within the period 2005-2014. In the econometric analyze, the models that were developed had the aim to assess the role of macroeconomic determinants on the average net income per capita, exactly the possibility of a more dynamic growth of wages in poorer counties. The results showed a clear trend towards wage convergence, under the impact of multidimensional factors of influence. Our findings confirm the literature on regional convergence, pointing out the importance of economic development level, quality of human capital, technical progress and intensity of innovation activity, improving labor market integration and even a dynamic entrepreneurial activity.

Keywords: regional convergence; regional divergence; economic growth; gross domestic product per capita; income per capita; technical progress; tertiary education (search for similar items in EconPapers)
Date: 2016
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Persistent link: https://EconPapers.repec.org/RePEc:cbu:jrnlec:y:2016:v:5:p:178-183

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