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Innovation - Five opportunities for the Automotive IndustryFigure 4. Level of business and technology integrationSource: PricewhaterhouseCoopers AUTOFACTS5. Making innovation operational and overcoming innovation inhibitorsThis includes defining and managing partnerships with external players, and establishinga climate and culture conducive to innovation. One place to start is addressing obstacles toinnovation. Automotive business leaders identified the top three innovation obstacles as: limitedfunding for investment, process immaturity and an unsupportive culture and climate.6. ConclusionToday product innovation continues to be at the core of every automotive business. But,with the increased pace of change across virtually all aspects of the industry – customers,markets, products, technology, workforce, etc., companies must explore and embrace additionalinnovation strategies to compete and succeed.Bibliography:1. From Wikipedia, the free encyclopedia, http://en.wikipedia.org/wiki/Automobile 20072. “Expanding the Innovation Horizon: The Global CE O Study 2006.” IBM Global BusinessServices. March 2006.3. Hudson, Larry and Nabil Sakkab. “Connect and Develop: Inside Procter & Gamble’s NewModel for Innovation.” Harvard Business Review, March 2006.4. “Valeo and IBM to Collaborate for Automotive Software Development.” IBM press release,May 4, 2005.5. www.ibm.com/bcs/ceostudy1. Romanian edition copyright 2000 by Teora54
Scientific Bulletin – Economic Sciences, Vol. 7 (13)Some Potential Econophysics’ Models for Real Economic ConvergenceUniversity Senior Lecturer PhD Gheorghe SĂVOIUUniversity of Pitestigsavoiu@yahoo.comAbstractThis paper regards Econophysics’ model and its better way to characterise modernscientific researches in classical Economics. Some potential Econophysics’ realconvergence models offer an adequate measurement of relationships between the nationaleconomic development variables and regional or European economic development. Thearticle chooses some examples based on Econophysics’ thinking, and it sets up theimportance of diffusion model as a physical model applied in Economics. First of all, thispaper analyses the concept of economic convergence and then the Econophysics’contribution and supporting for understanding the economic development. Finally somepotential Econophysics’ models are detailed and some remarks put forward the policysuggestion for promoting economic development of Romania in EU.Keywords: Real convergence, divergence, cohesion, club convergence, econometricalmodel of regression, Econophysics, Econophysics’ model, business cycle, σ-convergence,ß-convergence.1. IntroductionStudies of the economic convergence have an enormous importance because of theirconsiderable influence on all of the economical results regarding in the national as well in theEuropean or global aspect. Two general points of view are now more and more significant. Thus,first it is impossible to analyse the importance of real economic convergence of the GDP as anessential aggregated economical indicator of the nations just by a separated economical index orindicator. It becomes necessary to develop a lot of alternative compound indicators of theeconomical results which can present the economical situation in real time on reliable way andshow the true stage of the actual real economic convergence, and whose prognosis can be usedfor forecasting the next economic convergence’s stages on a short-term as well as on the longterm.Relationships between the economic convergence and some main economic indices, asindex of real GDP, or index of real net income per inhabitant are usually more studied(GDP/capita, final consumption, investments, net exports etc.). The second problem is theadequate model of analysis. Econometrical models joining the indicators of the main economicresults to present the economic convergence are estimated in an excessive generalized point ofview. This paper underlines the importance of some potential Econometrics’ models indevelopment of the economic measurement’s relevance.2. The Concept of Real Economic ConvergenceEuropean convergence of UE countries is usually addressed from two viewpoints:business cycle synchronisation (European integration and associated exchange rate mechanismhave produced a region-specific European business cycle that has become more synchronizedaround the German business cycle and less attached to the US cycle) and real economicconvergence [1]. In the recent literature that examines different synchronisation’s questions, aninteresting answer that is given underlines how business cycle synchronisation can be brokenonce different sub-periods are analysed. “In general one could reject the null of independentrecession dates in the G7 countries. Overall, these rejections are consistent with an interpretationof regional synchronisation”[2].Real convergence is an essential objective of Romania’s integration into the EU. Bridgingthe development gaps between Romania and the EU as soon as possible cannot be achieved55
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