THE EVOLUTION OF THE REGIONAL DISPARITIES OF FOREIGN DIRECT INVESTMENTS IN ROMANIA
THE EVOLUTION OF THE REGIONAL DISPARITIES OF FOREIGN DIRECT INVESTMENTS IN ROMANIA

Summary/Abstract: Romania is one of the countries with wide regional development gaps that need to be reduced in order to obtain a balanced economic development. The European Union membership was hopped to bring new foreign direct investments in areas which lack financial capital, but soon after the integration of Romania, the global economic crisis emerged, diminishing investment initiatives. Within this article we identify the diffusion of foreign direct investments across the country along with certain regional economic indicators that have proved to improve the local attractiveness for investors. We use a cluster analysis technique to see which development regions (NUTS II) group together and how the regional imbalances evolved from 2006 to 2009, before and after the EU integration.

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