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Research Upon The Relation Between The Entrepreneurial Phenomenon And Economic Growth

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  • Assoc. Prof. Iulia Iuga Ph. D

    (“1 Decembrie 1918” University of Alba Iulia, Faculty of Economics Sciences, Romania)

  • Assoc. Prof. Adela Socol Ph. D

    (“1 Decembrie 1918” University of Alba Iulia, Faculty of Economics Sciences, Romania)

Abstract

The purpose of this paper is to study the influence of the entrepreneurial phenomenon upon the economic growth in Romania between 2009 and 2013 and the main objective of the research is to analyze the entrepreneurial phenomenon particularities in Romania, from theoretical and empiric points of view. The method we propose is analysing a single factorial econometric model, in which we approach the intensity of the relation between the entrepreneurial phenomenon expressed in number of companies registered to the Commerce Register and GDP. Two regression models are developed with the aim to test the hypotheses regarding to existing between selected variables that characterized the entrepreneurial phenomenon and economic growth. Analyse suggests the vulnerability of the Romanian economic environment, presenting a behaviour on which is very hard to identify the tendency, because the entrepreneurial sector suffered substantial changes during the last years, being directly influenced by globalization and worldwide crises.

Suggested Citation

  • Assoc. Prof. Iulia Iuga Ph. D & Assoc. Prof. Adela Socol Ph. D, 2015. "Research Upon The Relation Between The Entrepreneurial Phenomenon And Economic Growth," Revista Tinerilor Economisti (The Young Economists Journal), University of Craiova, Faculty of Economics and Business Administration, vol. 1(24), pages 73-84, APRIL.
    • Handle: RePEc:aio:rteyej:v:1:y:2015:i:24:p:73-84
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    References listed on IDEAS

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    More about this item

    Keywords

    Econometric model; GDP; Number of companies registered to the Commerce Register; Number of employees; Entrepreneurial phenomenon;
    All these keywords.

    JEL classification:

    • J11 - Labor and Demographic Economics - - Demographic Economics - - - Demographic Trends, Macroeconomic Effects, and Forecasts
    • O11 - Economic Development, Innovation, Technological Change, and Growth - - Economic Development - - - Macroeconomic Analyses of Economic Development
    • C50 - Mathematical and Quantitative Methods - - Econometric Modeling - - - General
    • M21 - Business Administration and Business Economics; Marketing; Accounting; Personnel Economics - - Business Economics - - - Business Economics

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