Economic Development and Innovation at Local Level – Local Business Environment Index (LBEI)
This paper presents a novel metric for assessing economic activity at local level: Local Business Environment Index (LBEI). In the development of this metric system we explore a large set of variables that are disaggregated at municipal level for the case study of Romania. Following the existing lit...
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| Format: | Article |
| Language: | English |
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European Institute of Romania
2018-12-01
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| Series: | Romanian Journal of European Affairs |
| Subjects: | |
| Online Access: | https://rjea.ier.gov.ro/wp-content/uploads/articole/RJEA_vol.18_no.2_December-2018_art1.pdf |
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| author | Clara Volintiru Mihai Volintiru George Ștefan |
| author_facet | Clara Volintiru Mihai Volintiru George Ștefan |
| author_sort | Clara Volintiru |
| collection | DOAJ |
| description | This paper presents a novel metric for assessing economic activity at local level: Local Business Environment Index (LBEI). In the development of this metric system we explore a large set of variables that are disaggregated at municipal level for the case study of Romania. Following the existing literature on the different drivers of economic development, we propose four major axes of assessment: entrepreneurship, innovation, investment financing, and public authorities’ support. We present the overall ranking of the level of attractiveness of the local business environment in the Romanian municipalities, among which the highest scores belong to cities of various sizes: Bucharest, Cluj-Napoca, Timișoara, Alba-Iulia and Sibiu. Each municipality has a different distribution of specific strengths. We look in-depth in the final section of this paper at the sub-index of Innovation, dominated by Timișoara or Cluj, rather than the capital city. |
| format | Article |
| id | doaj-art-1b1457502eae49939cbc2c4da8a50c1d |
| institution | OA Journals |
| issn | 1582-8271 1841-4273 |
| language | English |
| publishDate | 2018-12-01 |
| publisher | European Institute of Romania |
| record_format | Article |
| series | Romanian Journal of European Affairs |
| spelling | doaj-art-1b1457502eae49939cbc2c4da8a50c1d2025-08-20T02:06:08ZengEuropean Institute of RomaniaRomanian Journal of European Affairs1582-82711841-42732018-12-01182519Economic Development and Innovation at Local Level – Local Business Environment Index (LBEI)Clara Volintiru0Mihai Volintiru1George Ștefan2Associate Professor at Bucharest University of Economic Studies (ASE)PhD candidate at Bucharest University of Economic Studies (ASE)Assistant Professor at Bucharest University of Economic Studies (ASE), Department of Economics and Economic PoliciesThis paper presents a novel metric for assessing economic activity at local level: Local Business Environment Index (LBEI). In the development of this metric system we explore a large set of variables that are disaggregated at municipal level for the case study of Romania. Following the existing literature on the different drivers of economic development, we propose four major axes of assessment: entrepreneurship, innovation, investment financing, and public authorities’ support. We present the overall ranking of the level of attractiveness of the local business environment in the Romanian municipalities, among which the highest scores belong to cities of various sizes: Bucharest, Cluj-Napoca, Timișoara, Alba-Iulia and Sibiu. Each municipality has a different distribution of specific strengths. We look in-depth in the final section of this paper at the sub-index of Innovation, dominated by Timișoara or Cluj, rather than the capital city.https://rjea.ier.gov.ro/wp-content/uploads/articole/RJEA_vol.18_no.2_December-2018_art1.pdfinnovationentrepreneurshipeconomic developmentromania |
| spellingShingle | Clara Volintiru Mihai Volintiru George Ștefan Economic Development and Innovation at Local Level – Local Business Environment Index (LBEI) Romanian Journal of European Affairs innovation entrepreneurship economic development romania |
| title | Economic Development and Innovation at Local Level – Local Business Environment Index (LBEI) |
| title_full | Economic Development and Innovation at Local Level – Local Business Environment Index (LBEI) |
| title_fullStr | Economic Development and Innovation at Local Level – Local Business Environment Index (LBEI) |
| title_full_unstemmed | Economic Development and Innovation at Local Level – Local Business Environment Index (LBEI) |
| title_short | Economic Development and Innovation at Local Level – Local Business Environment Index (LBEI) |
| title_sort | economic development and innovation at local level local business environment index lbei |
| topic | innovation entrepreneurship economic development romania |
| url | https://rjea.ier.gov.ro/wp-content/uploads/articole/RJEA_vol.18_no.2_December-2018_art1.pdf |
| work_keys_str_mv | AT claravolintiru economicdevelopmentandinnovationatlocallevellocalbusinessenvironmentindexlbei AT mihaivolintiru economicdevelopmentandinnovationatlocallevellocalbusinessenvironmentindexlbei AT georgestefan economicdevelopmentandinnovationatlocallevellocalbusinessenvironmentindexlbei |