Analysis of the Development of Industrial Production and Resources of Primary Energy in 2017

Constantin Anghelache, Madalina-Gabriela Anghel, Maria Mirea and Radu Stoica
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Constantin Anghelache: Bucharest University of Economic Studies / „Artifex” University of Bucharest
Madalina-Gabriela Anghel: „Artifex” University of Bucharest
Maria Mirea: Bucharest University of Economic Studies
Radu Stoica: Bucharest University of Economic Studies

Romanian Statistical Review Supplement, 2018, vol. 66, issue 3, 17-29

Abstract: Industry continues to have the highest share of gross domestic product growth. Romania had a process of industrialization that broke in 1990, talking about a regressive process of deindustrialisation. On this background, industrial production in Romania has decreased if we compare with pre-1990 periods.In other news, the new market conditions introduced in Romania, as well as the development of domestic or foreign investments, have, over the last period of time, led to a re-industrialization process.However, EU directives foresee increased industrialization in all member countries. Romania is one of those countries that have to increase their concerns in the field of industrial development.We can state other aspects regarding the development of some branches specific to the industrial development capacity that Romania has had or that it seeks to regain.Participation in major projects in the field of industry can only be achieved through two possibilities. Either through participation in some areas of activity in which commercial companies, mainly Romania, have a special capacity towards other states, or by financing some projects in the industrial field, which is an extra-community form in a certain way. I say this because the European Union allocates not subsidies but supports the development of major industrial projects in Europe and this is ensured through funding. In this regard, we can talk about the fact that some countries are participating in the major projects and others remain from outside and are tormented in small projects or national projects which, in competition with the great capital underlying the development of the industrialized countries’ fad or have low chances.The authors analyzed the data provided by the National Institute of Statistics and existing data on the evolution of industrial production at EUROSTAT, and an analysis of the evolution of the extractive industry compared to the processing industry was made, but a number of issues regarding the development of energy were also taken into consideration. The data are presented in gross series or seasonally adjusted series. An analysis was also carried out on the primary energy resources available to Romania with an emphasis on domestic production and import production to ensure the need for primary energy resources.

Keywords: industry; energy; production; domain; energy source (search for similar items in EconPapers)
JEL-codes: L71 O13 (search for similar items in EconPapers)
Date: 2018
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