Is Romania a Favourable Environment for the Development of Knowledge-Based Organizations?

Adela Anca Fucec ()
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Adela Anca Fucec: The Bucharest University of Economic Studies, Romania

REVISTA DE MANAGEMENT COMPARAT INTERNATIONAL/REVIEW OF INTERNATIONAL COMPARATIVE MANAGEMENT, 2012, vol. 13, issue 5, 768-777

Abstract: The Europe 2020 Stategy enhances the European Union’s efforts to achieve sustainable economic growth, by transforming the economies of the member states in knowledge-based economies. This strategy aims at five major objectives that relate to unemployment, research and development, energy, education, poverty and social exclusion. Using the 8 indicators which measure these developments, this article aims to achieve an informational synthesis with a tolerable loss of information and to obtain an aggregate indicator, which will help at a graphical representation or a hierarchization of the countries analyzed. Using the Principal Components Analysis, we used the values of the 8 indicators registered in the EU countries, plus Switzerland, Norway and Iceland, in 2010; two indicators that give about 95% of initial information have been found and it now becomes possible to rank the countries in terms of their evolution towards the stage of a knowledge-based economy. Thus, we get the answer to the question-title, discovering Romania's position in the European landscape of knowledge-based economies, by having achieved the ranking of the countries.

Keywords: Europe 2020 strategy; Principal Components Analysis; knowledge-based economy; Romania (search for similar items in EconPapers)
JEL-codes: C82 O11 O52 (search for similar items in EconPapers)
Date: 2012
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Persistent link: https://EconPapers.repec.org/RePEc:rom:rmcimn:v:13:y:2012:i:5:p:768-777

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