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Knowledge Economy And Entrepreneurship Environment In Romania

Author

Listed:
  • Vasile Burja

    (‘1 Decembrie 1918‘ University Alba Iulia Romania)

  • Camelia Burja

    (‘1 Decembrie 1918‘ University Alba Iulia Romania)

Abstract

It is large consensus that in the today world economy, companies, oriented towardsthe creation and utilization of knowledge have a competitive advantage. In this sense, it becomes anecessity to continuously monitor the state of research, development and innovation activities andto assess their relationships with the entrepreneurship environment in each economy.This paperaims to emphasize the Romanian entrepreneurship environment capacity to be conducive fordetermining the sustained economic growth and transition to the knowledge economy. Themethodology used the Data Envelopment Analysis the relative efficiency score of the countryrelated to its companies‘ performance in KE terms. The results obtained reveal the inefficiency ofthe Romanian entrepreneurship environment on research, development and innovation termscompared to the other selected countries. The study gives an empirical contribution aboutassessment modalities and analyzes the research and innovation performance within theentrepreneurial environment to substantiate the strategies and policies to accelerate the transitionto the new economy based on knowledge.

Suggested Citation

  • Vasile Burja & Camelia Burja, 2013. "Knowledge Economy And Entrepreneurship Environment In Romania," Annales Universitatis Apulensis Series Oeconomica, Faculty of Sciences, "1 Decembrie 1918" University, Alba Iulia, vol. 2(15), pages 1-27.
  • Handle: RePEc:alu:journl:v:2:y:2013:i:15:p:27
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    File URL: http://oeconomica.uab.ro/upload/lucrari/1520132/27.pdf
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    References listed on IDEAS

    as
    1. Timothy R. Wojan, 2000. "The Composition of Rural Employment Growth in the “New Economy”," American Journal of Agricultural Economics, Agricultural and Applied Economics Association, vol. 82(3), pages 594-605.
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    More about this item

    Keywords

    knowledge economy; Data Envelopment Analysis; entrepreneurship environment; research-development;

    JEL classification:

    • L26 - Industrial Organization - - Firm Objectives, Organization, and Behavior - - - Entrepreneurship
    • O11 - Economic Development, Innovation, Technological Change, and Growth - - Economic Development - - - Macroeconomic Analyses of Economic Development
    • O32 - Economic Development, Innovation, Technological Change, and Growth - - Innovation; Research and Development; Technological Change; Intellectual Property Rights - - - Management of Technological Innovation and R&D

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