New Trends in Competitiveness through Concentration and Specialization of Industrial Sectors. Case: Nord West Region of Romania

Corina Radulescu, Ioan Abrudan, Rita Toader, Gratiela Boca and Florina Rada Hahn
Additional contact information
Florina Rada Hahn: Department of Economics and Physics, Technical University of Cluj Napoca

No 1404, Mathematical Modelling with Application in Economics from Technical University of Cluj Napoca, Department of Economics and Physics

Abstract: The key factor in determining economic growth, for the entry in a market full of strong competitive forces, is economic competitiveness. In addition, the development of competitive economic advantages must be a constant process, which takes into account European trends, and the process of globalization as a whole. The paper provides an analysis of competitiveness through concentration and specialization patterns in NW Region of Romania, and by data processing reveals the most important industrial sectors in this region .Conclusions point out that the increase in competitiveness should not be seen as a process of exploiting short-term advantages but as a process of building an economic structure based on capital investment and research -development-innovation processes. In other words, a medium and long term perspective should consider a knowledge-based development of economy. Sustainable economic growth and improving living standards of the population are determined by the development of economic competitiveness in the context of global challenges (globalization of the economy, opening of international markets, rapid technological change), challenges that must be turned into opportunities for the Romanian economy.

Keywords: competitiveness; industry; concentration; Gini index; smart specialization (search for similar items in EconPapers)
JEL-codes: C80 L11 M31 (search for similar items in EconPapers)
Pages: 12 pages
Date: 2014-06
References: View references in EconPapers View complete reference list from CitEc
Citations:

Published in Mathematical Modelling with Application in Economics, June 2014, pages 24-35

Downloads: (external link)
ftp://econ.cunbm.utcluj.ro/econ/papers/icmmae/icmmae14-04.pdf First version, 2014 (application/pdf)
Our link check indicates that this URL is bad, the error code is: 500 Failed to connect to FTP server econ.cunbm.utcluj.ro: This is usually a temporary error during hostname resolution and means that the local server did not receive a response from an authoritative server.

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:clj:icmmae:1404

Access Statistics for this paper

More papers in Mathematical Modelling with Application in Economics from Technical University of Cluj Napoca, Department of Economics and Physics Contact information at EDIRC.
Bibliographic data for series maintained by Izabela Luiza Pop ().