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Romania’s Transition Toward the Knowledge-based Economy (2015-2025)

Year: 2025

Type: article

Abstract: The paper analyzes Romania’s transition toward a knowledge-based economy over the period 2015-2025 (before and after the launch of the National Recovery and Resilience Plan (PNRR)), using Eurostat data and a multiple regression model estimated in SPSS. It examines the relationships between research and development (R&D) investment, employment rates, and GDP per capita (PPS) growth. The results indicate the presence of real convergence in Europe yet show that in Romania progress remains dependent on labor market dynamics rather than innovation. The study concludes that investment in R&D and human capital is essential for strengthening the knowledge-based economy.

Source: DOAJ (DOAJ: Directory of Open Access Journals)

Authors: STAN RĂZVAN-ȘTEFAN, MIHĂLCEANU (STAN) ECATERINA

Institution: Constantin Brâncuși University of Targu Jiu

Language: English

Topic: Economic Growth and Productivity

Subfield: Economics and Econometrics

Field: Economics, Econometrics and Finance

Domain: Social Sciences

SDGs: Decent work and economic growth, Industry, innovation and infrastructure

Open Access status: green

OpenAlex ID: W7128288469

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