A Decade of EU Membership: Evolution of Competitiveness in Romania

Constantin Zaman, Bogdan Meunier
European Research Studies Journal, Volume XX, Issue 2A, 224-236, 2017
EOI: 10.11214/thalassinos.20.02.013

Abstract:

We analyse in this paper the main achievements of Romania in terms of competitiveness during the period of ten years since joining the European Union. The analysis is based on a proposed Competitiveness Index, which is constructed on the basis of five indicators that express the progress of reforms in the following areas: business environment, labour market, state institutions, taxation, and human capital.The analysis is carried out in a comparative perspective, at three levels: with Bulgaria, which joined the EU the same year; with three countries from Western Europe; and a group of countries from Central and Eastern Europe that integrated the EU earlier, in 2004.We find a strong convergence in terms of competitiveness between Romania and the other neighbouring countries, as well as a slower but increasing convergence towards the “old” EU member states.


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