IDEAS home Printed from https://ideas.repec.org/a/rom/mancon/v12y2018i1p202-212.html
   My bibliography  Save this article

Linking Kibs, Entrepreneurial Dynamics And Macroeconomic Developments. Focus On Romania

Author

Listed:
  • Daniel BADULESCU
  • Ramona SIMUT
  • Anamaria Diana HERTE

Abstract

The knowledge intensive business services (KIBS) sector includes firms where knowledge/information are both the input and output of their activity, offering their clients sophisticated, high-value services, stimulating them to discover and enlighten their own knowledge potential. Taking into account the decisive role of the knowledge-based economy and the importance of the ventures fostering the use of innovation and incorporating knowledge, KIBS are both a challenge and an opportunity for world economies on the path to modernisation, performance and prosperity. Originally associated with the services sector, but productivity being their weak point, KIBS have overcome these circumstances, being, in numerous cases, drivers of regional and sectorial development, leading, directly or indirectly, to increases in labour productivity. In the present paper we intend to examine the multifaceted relation between knowledge intensive business services (KIBS) and entrepreneurial dynamics (as firms’ creation or closure), or economic growth and labour productivity. Our analysis, which was performed on the Romanian economy between 2010 and 2017, using quarterly data, provides interesting results, highlighting a complex but contradictory relation between KIBS and economic activity.

Suggested Citation

  • Daniel BADULESCU & Ramona SIMUT & Anamaria Diana HERTE, 2018. "Linking Kibs, Entrepreneurial Dynamics And Macroeconomic Developments. Focus On Romania," Proceedings of the INTERNATIONAL MANAGEMENT CONFERENCE, Faculty of Management, Academy of Economic Studies, Bucharest, Romania, vol. 12(1), pages 202-212, November.
    • Handle: RePEc:rom:mancon:v:12:y:2018:i:1:p:202-212
    as

    Download full text from publisher

    File URL: https://conference.management.ase.ro/archives/2018/pdf/2_1.pdf
    Download Restriction: no
    ---><---

    References listed on IDEAS

    as
    1. Andrew Chadwick & John Glasson & Helen Lawton Smith, 2008. "Employment Growth in Knowledge-Intensive Business Services in Great Britain during the 1990s — Variations at the Regional and Sub-Regional Level," Local Economy, London South Bank University, vol. 23(1), pages 6-18, February.
    2. Pim Den Hertog, 2000. "Knowledge-Intensive Business Services As Co-Producers Of Innovation," International Journal of Innovation Management (ijim), World Scientific Publishing Co. Pte. Ltd., vol. 4(04), pages 491-528.
    3. Luis Rubalcaba & Henk Kox (ed.), 2007. "Business Services in European Economic Growth," Palgrave Macmillan Books, Palgrave Macmillan, number 978-0-230-22879-5.
    4. Evangelista, Rinaldo & Lucchese, Matteo & Meliciani, Valentina, 2013. "Business services, innovation and sectoral growth," Structural Change and Economic Dynamics, Elsevier, vol. 25(C), pages 119-132.
    5. Zoltán Bujdosó & János Pénzes & Lóránt Dávid & Szilárd Madaras, 2016. "The Spatial Pattern of KIBS and their Relations with the Territorial Development in Romania," The AMFITEATRU ECONOMIC journal, Academy of Economic Studies - Bucharest, Romania, vol. 18(41), pages 1-73, February.
    6. Miika Varis & Timo Tohmo & Hannu Littunen, 2014. "Arriving at the Dawn of the New Economy: Is Knowledge-Based Industrial Renewal Possible in a Peripheral Region?," European Planning Studies, Taylor & Francis Journals, vol. 22(1), pages 101-125, January.
    7. Pe'er, Aviad & Vertinsky, Ilan, 2008. "Firm exits as a determinant of new entry: Is there evidence of local creative destruction?," Journal of Business Venturing, Elsevier, vol. 23(3), pages 280-306, May.
    8. Vasile Alecsandru Strat & Adriana AnaMaria Davidescu & Raluca Mariana Grosu & Ion-Daniel Zgura, 2016. "Regional Development Fueled by Entrepreneurial Ventures Providing KIBS – Case Study on Romania," The AMFITEATRU ECONOMIC journal, Academy of Economic Studies - Bucharest, Romania, vol. 18(41), pages 1-55, February.
    9. Hyytinen, Ari & Pajarinen, Mika & Rouvinen, Petri, 2015. "Does innovativeness reduce startup survival rates?," Journal of Business Venturing, Elsevier, vol. 30(4), pages 564-581.
    10. Diana Sava & Alina Badulescu, 2018. "Festivals As Cultural Activities – Combinations Of Economic And Social Benefits," Oradea Journal of Business and Economics, University of Oradea, Faculty of Economics, vol. 3(special), pages 27-35, May.
    11. Windrum, Paul & Tomlinson, Mark, 1999. "Knowledge-intensive services and international competitiveness: a four country comparison," Research Memorandum 023, Maastricht University, Maastricht Economic Research Institute on Innovation and Technology (MERIT).
    12. Henk Kox & Luis Rubalcaba, 2007. "The Contribution of Business Services to European Economic Growth," Palgrave Macmillan Books, in: Luis Rubalcaba & Henk Kox (ed.), Business Services in European Economic Growth, chapter 4, pages 74-94, Palgrave Macmillan.
    13. Luis Rubalcaba & Henk Kox, 2007. "The Growth of European Business Services," Palgrave Macmillan Books, in: Luis Rubalcaba & Henk Kox (ed.), Business Services in European Economic Growth, chapter 1, pages 15-38, Palgrave Macmillan.
    14. Andreas Koch & Thomas Stahlecker, 2004. "Regional innovation systems and the foundation of knowledge intensive business services. A comparative study in Bremen, Munich, and Stuttgart, Germany," European Planning Studies, Taylor & Francis Journals, vol. 14(2), pages 123-146, November.
    15. Kox, Henk L.M. & Rubalcaba, Luis, 2007. "Analysing the contribution of business services to European economic growth," MPRA Paper 2003, University Library of Munich, Germany.
    16. Iacob Catoiu & Liviu Tudor & Cristian Bisa, 2016. "Knowledge-Intensive Business Services and Business Consulting Services in Romanian Changing Economic Environment," The AMFITEATRU ECONOMIC journal, Academy of Economic Studies - Bucharest, Romania, vol. 18(41), pages 1-40, February.
    17. Cristiano Antonelli, 1998. "Localized technological change, new information technology and the knowledge-based economy: The European evidence," Journal of Evolutionary Economics, Springer, vol. 8(2), pages 177-198.
    18. Desmarchelier, Benoît & Djellal, Faridah & Gallouj, Faïz, 2013. "Knowledge intensive business services and long term growth," Structural Change and Economic Dynamics, Elsevier, vol. 25(C), pages 188-205.
    Full references (including those not matched with items on IDEAS)

    Most related items

    These are the items that most often cite the same works as this one and are cited by the same works as this one.
    1. Dioni Elche & Davide Consoli & Mabel Sánchez-Barrioluengo, 2021. "From brawn to brains: manufacturing–KIBS interdependency," Regional Studies, Taylor & Francis Journals, vol. 55(7), pages 1282-1298, July.
    2. Matthias Figo & Peter Mayerhofer, 2015. "Strukturwandel und regionales Wachstum - wissensintensive Unternehmensdienste als Wachstumsmotor?," Working Paper Reihe der AK Wien - Materialien zu Wirtschaft und Gesellschaft 145, Kammer für Arbeiter und Angestellte für Wien, Abteilung Wirtschaftswissenschaft und Statistik.
    3. Rinaldo Evangelista & Matteo Lucchese & Valentina Meliciani, 2013. "The contribution of Business services to the export performances of manufacturing industries. An empirical study on 5 European countries," Working Papers 14, Birkbeck Centre for Innovation Management Research, revised Nov 2013.
    4. Rinaldo Evangelista & Matteo Lucchese & Valentina Meliciani, 2015. "Business services and the export performances of manufacturing industries," Journal of Evolutionary Economics, Springer, vol. 25(5), pages 959-981, November.
    5. Matthias Firgo & Peter Mayerhofer, 2016. "Wissensintensive Unternehmensdienste, Wissens-Spillovers und regionales Wachstum. Teilprojekt 3: Zur Standortstruktur von wissensintensiven Unternehmensdiensten – Fakten, Bestimmungsgründe, regionalpo," WIFO Studies, WIFO, number 59427, February.
    6. Peter Mayerhofer & Matthias Firgo, 2015. "Wissensintensive Unternehmensdienste, Wissens-Spillovers und regionales Wachstum. Teilprojekt 2: Strukturwandel und regionales Wachstum – Wissensintensive Unternehmensdienste als "Wachstumsmotor&," WIFO Studies, WIFO, number 58503, February.
    7. Orlic, Edvard & Hashi, Iraj & Hisarciklilar, Mehtap, 2018. "Cross sectoral FDI spillovers and their impact on manufacturing productivity," International Business Review, Elsevier, vol. 27(4), pages 777-796.
    8. Joanna Wyszkowska-Kuna, 2016. "Financial Services Input as a Source of Economic Growth in the European Union Countries," FindEcon Chapters: Forecasting Financial Markets and Economic Decision-Making, in: Magdalena Osińska (ed.), Statistical Review, vol. 63, 2016, 3, edition 1, volume 63, chapter 3, pages 289-308, University of Lodz.
    9. Probert, Jocelyn & Connell, David & Mina, Andrea, 2013. "R&D service firms: The hidden engine of the high-tech economy?," Research Policy, Elsevier, vol. 42(6), pages 1274-1285.
    10. Daniel Feser & Till Proeger, 2018. "Knowledge-Intensive Business Services as Credence Goods—a Demand-Side Approach," Journal of the Knowledge Economy, Springer;Portland International Center for Management of Engineering and Technology (PICMET), vol. 9(1), pages 62-80, March.
    11. André Lorentz & Maria Savona, 2009. "Evolutionary micro-dynamics and changes in the economic structure," Springer Books, in: Uwe Cantner & Jean-Luc Gaffard & Lionel Nesta (ed.), Schumpeterian Perspectives on Innovation, Competition and Growth, pages 137-160, Springer.
    12. Davide Arduini & Antonello Zanfei, 2012. "An overview of existing literature on public e-services," Working Papers 1214, University of Urbino Carlo Bo, Department of Economics, Society & Politics - Scientific Committee - L. Stefanini & G. Travaglini, revised 2012.
    13. Pim den Hertog & Luis Rubalcaba, 2010. "Policy Frameworks for Service Innovation: A Menu-Approach," Chapters, in: Faïz Gallouj & Faridah Djellal (ed.), The Handbook of Innovation and Services, chapter 26, Edward Elgar Publishing.
    14. Francesco Bogliacino & Matteo Lucchese & Mario Pianta, 2011. "Job creation in business services:Innovation, Demand, Polarisation," Working Papers 1107, University of Urbino Carlo Bo, Department of Economics, Society & Politics - Scientific Committee - L. Stefanini & G. Travaglini, revised 2011.
    15. Andrea Ascani & Simona Iammarino, 2018. "Multinational enterprises, service outsourcing and regional structural change," Cambridge Journal of Economics, Cambridge Political Economy Society, vol. 42(6), pages 1585-1611.
    16. Dukhabandhu Sahoo, 2012. "Efficiency of the Information and Technology Sector of India and Its Relevance to Indian Economic Growth," Journal of Infrastructure Development, India Development Foundation, vol. 4(1), pages 41-58, June.
    17. Faïz Gallouj & Maria Savona, 2009. "Innovation in services: a review of the debate and a research agenda," Journal of Evolutionary Economics, Springer, vol. 19(2), pages 149-172, April.
    18. Lanaspa, Luis & Sanz-Gracia, Fernando & Vera-Cabello, María, 2016. "The (strong) interdependence between intermediate producer services' attributes and manufacturing location," Economic Modelling, Elsevier, vol. 57(C), pages 1-12.
    19. Kluck, Christian, 2012. "Zur Beschäftigungsdynamik in der Wissensökonomie: Die Entwicklung von wissensintensiven-unternehmensorientierten Dienstleistungen in Deutschland," Beiträge zur Wirtschaftsgeographie und Regionalentwicklung 2-2012, Universität Bremen, Institut für Geographie.
    20. Malgorzata Juchniewicz, 2021. "Factor Competitiveness of the Technological Advanced Services Sector in the European Union Countries: A Typological Analysis," European Research Studies Journal, European Research Studies Journal, vol. 0(Special 3), pages 260-273.

    Corrections

    All material on this site has been provided by the respective publishers and authors. You can help correct errors and omissions. When requesting a correction, please mention this item's handle: RePEc:rom:mancon:v:12:y:2018:i:1:p:202-212. See general information about how to correct material in RePEc.

    If you have authored this item and are not yet registered with RePEc, we encourage you to do it here. This allows to link your profile to this item. It also allows you to accept potential citations to this item that we are uncertain about.

    If CitEc recognized a bibliographic reference but did not link an item in RePEc to it, you can help with this form .

    If you know of missing items citing this one, you can help us creating those links by adding the relevant references in the same way as above, for each refering item. If you are a registered author of this item, you may also want to check the "citations" tab in your RePEc Author Service profile, as there may be some citations waiting for confirmation.

    For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: Ciocoiu Nadia Carmen (email available below). General contact details of provider: https://edirc.repec.org/data/mnasero.html .

    Please note that corrections may take a couple of weeks to filter through the various RePEc services.

    IDEAS is a RePEc service. RePEc uses bibliographic data supplied by the respective publishers.