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Economic Dynamics and Sustainable Development – Resources, Factors, Structures and Policies

Proceedings ESPERA 2015 – Part 1 and Part 2

Edited By Luminita Chivu, Constantin Ciutacu, Valeriu Ioan-Franc and Jean-Vasile Andrei

The book is dedicated to the 150th anniversary of the Romanian Academy. It contains the most valuable 100 papers presented at the International Conference «Economic Scientific Research – Theoretical, Empirical and Practical Approaches» (ESPERA 2015). The event is initiated annually by the National Institute for Economic Research «Costin C. Kirițescu» of the Romanian Academy. ESPERA aim to present and evaluate the economic scientific research portfolio as well as to argue and substantiate development strategies, including European and global best practices. ESPERA intend to become a scientific support for the conceptualization and the establishment of policies and strategies and to provide a systematic, permanent, wide and challenging dialogue within the European area of economic and social research.

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Real and Structural Convergence Dynamics at Subregional Level in Romania (Marioara Iordan / Mihaela-Nona Chilian)

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Marioara Iordan1 & Mihaela-Nona Chilian2

Real and Structural Convergence Dynamics at Subregional Level in Romania3

Abstract: In the European Union, the issue of economic convergence between the Member States and their regions is linked with the main objective of the Union, included in the Treaty of Rome, which states “the harmonious development of economic activities” and “continuous and balanced expansion”. The economic literature addressing the real convergence is related to the study of economic growth in the long term, to economic development and to dynamics of complex economic sectors with high economic and social impact and to the study of supportive/unsupportive institutions and economic mechanisms (market structure, distribution of economic results).

Based on the real and structural convergence concepts found in the literature, this paper presents an analysis of structural and real convergence of Romanian counties during the pre-accession and post-accession periods. The paper also presents an estimate of the relationship between the real and the structural convergence based on specific indicators. The results show that in Romania the analyzed convergence processes had different speeds and that the counties have adapted differently to a new economic environment – the counties that previously performed well have generally consolidated their positions, while the counties that registered weaker performance recorded a slower growth and convergence.

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