Theoretical and Applied Economics
No. 6 / 2013 (583)
Structural changes and productivity in the crisis period in Romania. The industry case
The Bucharest University of Economic Studies
Felix-Constantin BURCEA
The Bucharest University of Economic Studies
Abstract. The present crisis is a new case study for the theories regarding economic fluctuations. The interpretation of this phenomenon varies from the acceptance of its character of rule in the history of capitalism, which brings corrections to excess in human behaviour, to the emphasis on its uniqueness determined by the effects of unprecedented globalization. The Romanian economy went through the crisis by having persistent structural problems which were partially masked by the expansion during the previous period of sustained economic growth. Considering that productivity is a significant parameter for the competitiveness of the national economy and that the healthy economic growth is a chance for diminishing the gap to other European countries, the paper aims at the identification of the economic activities which have contributed to economic growth until 2008 and of the potential sources of economic recovery in the next period. The research uses the empirical analysis in order to see the effects of the crisis, as well as to understand the signals given by the productivity trend regarding structural changes after the crisis started. Since the industry had a fast recovery in 2011 compared to other EU countries, the analysis is extended to the contribution of this activity to economic growth.
Keywords: crisis; structural changes; productivity; budgetary constrains; industry.
Contents
- Integrated marketing communication
in tourism – an analysis.
Case study: Muntenia and Oltenia
Aurelia-Felicia STĂNCIOIU
Andreea BOTOŞ
Mihai ORZAN
Ion PÂRGARU
Octavian ARSENE
- Productivity change patterns in the Romanian banking system – the impact of size and ownership on total factor productivity
Anca MUNTEANU
Petre BREZEANU
Leonardo BADEA
- Is there a difference between intrapreneurs
and early-stage entrepreneurs in Romania?
Annamária BENYOVSZKI
Ágnes NAGY
Tünde Petra PETRU
- Profit optimization during crisis periods
Sorin BRICIU
Sorinel CĂPUȘNEANU
Andreea Elena CĂPRARIU
- Study on the perception of accounting professionals
concerning intangible assets and intangible capital
Cristina-Ionela FĂDUR
Marilena MIRONIUC
- The role of social factors in explaining crime
Siti Nur Zahara HAMZAH
Evan LAU
- The metropolitan area as a knee-jerk response
to the multilevel governance and its derived national
public decisions
Cătălin Daniel DUMITRICĂ
Ioana Teodora DINU
- Structural changes and productivity in the crisis
period in Romania. The industry case
Anca DACHIN
Felix-Constantin BURCEA