Regional Resilience in Romania

Ada Albu (Marinescu)

Knowledge Horizons - Economics, 2016, vol. 8, issue 1, 111-117

Abstract: In this study we propose to evaluate the capacity of resilience of Romania as seen in reaction to the economic crisis. There are several studies about regional resilience, which focus on factors which improve the capacity of a region to respond to crisis or shocks and to recover and return to the previous state of equilibrium. In this approach, several factors are important, such as the capacity of an economy to be innovative and adaptive. We study regional resilience, and we also study relation of resilience to competitiveness or vulnerability. Resilience can be measured either by GDP evolution or the evolution of the unemployment rate. We focus here on evolution of GDP in Romania during crisis, showing that our country succeeded to recover with great difficulty and in a long period from the crisis, which proved a low resilience at national but also regional/county level. Therefore we must find innovative strategies to improve resilience if we want to face the challenges of the competing international economy.

Keywords: Resilience; regional resilience; competitiveness; vulnerability; innovation (search for similar items in EconPapers)
Date: 2016
References: View references in EconPapers View complete reference list from CitEc
Citations:

Downloads: (external link)
http://orizonturi.ucdc.ro/arhiva/khe-vol8-nr1-2016/21.%20Ada%20Marinescu.pdf (application/pdf)
http://orizonturi.ucdc.ro/arhiva/khe-vol8-nr1-2016/21.%20Ada%20Marinescu.pdf (text/html)

Related works:
This item may be available elsewhere in EconPapers: Search for items with the same title.

Export reference: BibTeX RIS (EndNote, ProCite, RefMan) HTML/Text

Persistent link: https://EconPapers.repec.org/RePEc:khe:journl:v:8:y:2016:i:1:p:111-117

Access Statistics for this article

More articles in Knowledge Horizons - Economics from Faculty of Finance, Banking and Accountancy Bucharest,"Dimitrie Cantemir" Christian University Bucharest Contact information at EDIRC.
Bibliographic data for series maintained by Adi Sava ().