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Dezvoltarea economica endogena la nivel regional. Cazul Romaniei

Endogenous economic development at regional level. The case of Romania

Gheorghe Zaman (), George Georgescu (), Zizi Goschin (), Daniela Antonescu () and Florina Popa

MPRA Paper from University Library of Munich, Germany

Abstract: Under the current global economic circumstances, characterized by growing uncertainties and the endurance of financial crisis effects, the approach of endogenous factors that contribute to the economic growth and welfare improvement is of major interest for academics and decision makers. The endogenous forces of development have a significant impact at both national and regional levels under the impact of recovery measures and actions related to different areas of economic policy. This book focuses on the complex dialectics between endogenous and exogenous components of local economic development, highlighting the main factors behind endogenous processes and emphasizing the particular importance of activating the regional endogenous potential in the case of Romania. The authors’ work is based on the interpretation of the main theories on endogenous development at national and regional level, completed by a multifaceted analysis based on statistical methods and econometric techniques for assessing competitive and comparative advantages to support economic growth and social development. The study has highlighted the need of a policy mix that would support the development of areas with a relatively lower development level, under the circumstances of a polycentric regional development. An optimal combination between top-down and bottom-up interventions may prove to be the most successful, offering an effective compatibility of decentralization with the coordination and monitoring requirements, supporting the smart specialization at regional level, that could create spillover effects at national level. The authors have pointed out the strategic orientations of regional growth for 2014-2020 resulting from Romania’s Territorial Agenda and the Regional Operational Programme, revealing the most important challenges in relation to endogenous development factors and the perspectives of regional convergence at EU level.

Keywords: regional economics; endogenous development; global crisis; economic resilience; endogenous factors; regional convergence (search for similar items in EconPapers)
JEL-codes: C46 O18 P25 R10 R11 R51 (search for similar items in EconPapers)
Date: 2015-04
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