DYNAMIC ECONOMIC EFFICIENCY IN THE SOUTH-WEST OLTENIA REGION

Abstract

The structure of an economy is not and has never been permanent, it does not have a static character, but only a moment of stability of a system whose internal organization is, is therefore a dynamic process. In this sense, the ultimate goal of the analysis of structural changes is to highlight the phenomenon of economic efficiency in the complex process of economic growth during the cross in our country since 1990.Lisbon agenda have targeted the European Union to become the most competitive region until 2010.Ulterior this target strategy was complemented by growth and job creation, becoming the main way of creating a European competitiveness . In this context, public policy challenges identified in the national economies have become energy market liberalization, efficiency and diversification, regulation of the economic environment, innovation and technology transfer policies that contribute to a strategy of market leadership.Besides gross value added, labor productivity is also the medium of efficient use of labor.Growth achieved both national and regional level, may be related, in terms of human resource, or increase the number of employees, or a better use of existing employees work. That aecest aspect of a better use of existing staff employee makes labor productivity is a key element in the expression efficiency of economic performance. Understanding the forces governing labor productivity, and especially the accumulation of fixed capital, improving the institutional infrastructure to generate new technologies, is objectively necessary for the formulation of policies for economic growth

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This paper was published in Directory of Open Access Journals.

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