 The regional competitiveness in Romania. A panel multivariate approachRomanian Journal of Economics, 2015, vol. 41, issue 2(50), 103-120 Abstract: The main objective of this study is to assess the regional competitiveness in Romania by two alternative and quantitative approaches: the panel data approach and the multivariate analysis. The use of these methods is almost inexistent for Romanian counties, even if there are many studies for other countries. For the 42 Romanian counties a dynamic panel model was estimated for the period from 2006 to 2013, the real GDP rate depending on this variable with 3 lags and by the research and development (R&D) expenses. On the other hand, a principal component analysis was conducted to determine the factors with an important contribution to explaining the regional competitiveness in the Romanian counties. In 2006, 59.93% of the variation in regional competitiveness is explained by aspects related to R&D activities, while aspects related to growth and labour market occupation explain only 29.95% of the variation. In 2013, 62.71% of the variation in regional competitiveness is explained only by aspects of the labour market, the economic growth being independent of this component Keywords: competitiveness; research and development; dynamic panel; principal component analysis (search for similar items in EconPapers) Downloads: (external link) Related works: Export reference: BibTeX RIS (EndNote, ProCite, RefMan) HTML/Text Persistent link: https://EconPapers.repec.org/RePEc:ine:journl:v:41:y:2015:a:50:p:103-120 Access Statistics for this article Romanian Journal of Economics is currently edited by Institute of National Economy More articles in Romanian Journal of Economics from Institute of National Economy Contact information at EDIRC. |
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