Albu, Lucian-Liviu and Georgescu, George and Ghizdeanu, Ion (2008): Romania’s development level comparing with EU countries: The RGS (Relative Gap Scoring) Ranking Index.
Download (465Kb) | Preview
The main objective of Romania’s post-accession strategy stands for the convergence with the EU Member States. If the nominal convergence (low inflation rate, stability of the exchange and interest rates, contained public debt) seems more easily to be achieved, the real convergence is supposed to catch up structural gap, connected more or less to issues belonging to the development process approach. The study aims at comparative assessment of Romania’s development level within UE 27, proposing a composite index, called Relative Gap Scoring (RGS). This method is based on a scoring calculation depending on the quotient of each indicator level for a certain country and of the country’s ranked first for the respectively indicator, having the advantage to evidence the relative gaps and providing a synthetic image of their resultant. The RGS index has been constructed by the geometric aggregation of scoring resulted for 10 economic and social indicators, considered relevant for the prospective of real convergence. Examining Romania's position within the ranking of EU countries according to the RGS index, the study found that large gap of the current state of economic and social development of our country still remain. Nevertheless, it is worth mentioning that Romania stood at 42.5 percent of the EU average in 2007, while in relation to GDP per capita (PPS) at 40.4 percent, which reveals that, in terms of real convergence, the time horizon of catching up with EU countries could be shorter.
|Item Type:||MPRA Paper|
|Original Title:||Romania’s development level comparing with EU countries: The RGS (Relative Gap Scoring) Ranking Index|
|Keywords:||Economic and Social Development; International Comparisons; Composite Indexes; Statistical Methods|
|Subjects:||C - Mathematical and Quantitative Methods > C1 - Econometric and Statistical Methods and Methodology: General > C10 - General
B - History of Economic Thought, Methodology, and Heterodox Approaches > B4 - Economic Methodology > B40 - General
O - Economic Development, Technological Change, and Growth > O1 - Economic Development > O10 - General
O - Economic Development, Technological Change, and Growth > O5 - Economywide Country Studies > O57 - Comparative Studies of Countries
|Depositing User:||Lucian Liviu Albu|
|Date Deposited:||26. Aug 2008 07:30|
|Last Modified:||31. Jan 2014 00:23|
Bandura R., Measuring Country Performance and State Behavior: A Survey of Composite Indicators, UNDP/ODS Background Paper, New York, 20 June, 2005.
Cooke M., The First Nations Community Well-Being Index (CWB), AINC, January, 2005.
Munda G., Nardo M., Non-Compensatory Composite Indicators for Ranking Countries: a Defensible Setting, European Commission, Joint Research Center, 2005.
Pessoa A., Innovation and Economic Growth: What is the actual importance of R&D?, FEP Working Papers nr 254, November, 2007.
Petrasova A., Population and social conditions, Statistics in Focus no 46/2008, EUROSTAT.
Pillarisetti J. R., van den Bergh C.J.M., Sustainable Nations: What Do Aggregate Indicators Tell Us? Tinbergen Institute Discussion Paper, no 3, December 2008.
Polverari L., McMaster I., Territorial cohesion and new cohesion policy: challenges for old and new Member states, 1st ESPON Scientific Conference, Malmo, 2006.
Saltelli A., Nardo M., Saisana M., Tarantola S., Composite Indicators - The Controversy and the Way Foreward, OECD World Forum on Key Indicators, Palermo, 10-13 November 2004.
Sharpe A., Literature Review of Frameworks for Macro-indicators, Centre for the Study of Living Standards, Ottawa, CAN, 2004.
ECOFIN, Convergence Report 2008, Provisional Layout of European Economy No 3/2008.
European Commission, Euroabstracts: Mainstremaing Innovation, Innovation Directorate, Vol. 41-1, Brussels, February 2003.
European Commission, Fourth Progress Report on Cohesion, Brussels, June 2006.
OECD, Composite Leading Indicators a tool for short-term analysis, March 2008.
Romanian Government, Strategia post-aderare 2007 - 2013, Bucharest, December 2006 (in Romanian Language).
Transparency International, Global Corruption Report 2007, Cambridge University Press, New York, 2007.