중동부유럽

In today’s uncertain climate, competitiveness and sustainable development have become milestones of both advanced and emerging countries. Since competitiveness and sustainable development are interconnected, an extensive

vision of competitiveness should be available for both the economy and the society. The definition, measurement and analysis of both concepts taken into consideration, competitiveness and sustainable development, is thus an important issue for policy-makers. Thus, the goal of this paper is to research the interconnection between the competitiveness and sustainable development factors for two emerging countries, Romania and Bulgaria, based on the existing literature and the most recent studies in this area. Using extensive data over a period of 10 years, this study explores and tests the sign of the relationship between national competitiveness and sustainable development indicators for the cases of Romania and Bulgaria. The dataset includes the Global Competitiveness Index values and the sustainable development

indicators for both countries and covers the period of 2004 – 2013. Our findings are the basis of developing new models describing the relationships between competitiveness, economic growth and sustainability, justified by the need of sustainable economy’s development to increase the national competitiveness, in order to attract financial resources necessary for financing the growth of the economy and economic entities.