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Regional Disparities in the Transition Period


Journal: Romanian Review of Regional Studies
ISSN 1841-1576

Volume: V;
Issue: 2;
Start page: 23;
Date: 2009;
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Keywords: Regional disparities | GDP per capita | Positional changes | Hoover-index | Weighted relative standard deviation

The abolishment of the communist regime, the establishment of a democratic legal and institutional system brought important changes in the development of the regional economy of Romania. The old – from an economic point of view – differentiating factors have lost some of their importance, mainly the level of industrialization, which, in the past, was used to measure economic development. In addition, other factors came forward, that correlate more with the economic capacity, but, nowadays, their positive effect can only be increased by the combination of several other factors: foreign investments, as an indicator of regional attractiveness, regional GDP, the level of personal income, and the appreciation of human resources. Today, in the interest of enhancing the competitiveness of the regions a special role is reserved for entrepreneurial activity, the strength of the SME sector, the role of foreign working capital in the local economy, but also the territorial concentration of R&D centers. The study focuses on some aspects of disparities regarding the regional economic structure.
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