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IMPROVE THE PRODUCTIVITY POTENTIAL OF CITIES IN ROMANIA

Gabriela Piciu
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Gabriela Piciu: Centre for Financial and Monetary Research “Victor Slavescu”, N.I.E.R., Romanian Academy, Bucharest, Romania

Journal of Financial and Monetary Economics, 2018, vol. 6, issue 1, 249-255

Abstract: The present article investigates the fact that as Romania's economy changes, its center of gravity moves from agriculture to industry or industry to higher added-value services, the role of urban areas in facilitating productivity growth and higher gains through exploiting agglomeration potential becoming more and more important. Cities have positive spillover effects only by absorbing economic migrants, increasing productivity and improving the results of human development. This is happening to a large extent in Romania, but much of this migration also comes from the local basin - that is, the deficient parts of the regions lagging. A solution to improve the productivity potential of Romanian cities is to encourage the development of the private sector by developing related infrastructure or by promoting healthy markets and landscapes that create conditions for population migration to cities.

Keywords: productivity; city; migration; private sector; infrastructure (search for similar items in EconPapers)
JEL-codes: Q56 R11 R13 (search for similar items in EconPapers)
Date: 2018
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