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Efficiency Of Smes In Romania Post Crisis. A Clustering Analysis

Author

Listed:
  • Cristina SUCIU

    (Department of Mathematics and Computer Science, West University Of Timi?oara)

  • Loghin GAGA

    (Department of Mathematics and Computer Science, West University Of Timi?oara)

Abstract

Small and medium-sized enterprises (SMEs) have had, even in the economic crisis, a major contribution to the achievement of gross domestic product, to create jobs, to increase economic efficiency by stimulating competition through speed of adaptation to conditions and the adoption of new strategies, the ability to adapt to market requirements. Although, at the beginning of the economic crisis in Romania have been suspended or canceled several hundred thousand companies, starting in 2012 it is observed a revival of SMEs. We could say that post crisis period, thanks to measures in support of SMEs, is the beginning of an economic boost of SMEs in Romania. Cluster analysis a multivariate analys is technique, which includes a number of algorithms for classifying objects in to homogeneous groups. Analysis of effectiveness of SMEs from Romania using cluster analysisis a new method of economic analysis which enables an analysis, mathematical methods, regional development of SMEs and increasing their competitiveness.

Suggested Citation

  • Cristina SUCIU & Loghin GAGA, 2014. "Efficiency Of Smes In Romania Post Crisis. A Clustering Analysis," SEA - Practical Application of Science, Romanian Foundation for Business Intelligence, Editorial Department, issue 4, pages 137-146, July.
    • Handle: RePEc:cmj:seapas:y:2014:i:4:p:137-146
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    Citations

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    Cited by:

    1. Daniela MITRAN, 2016. "Economic And Social Impact Of The Young Entrepreneurs Program In Romania," Romanian Economic Business Review, Romanian-American University, vol. 11(2), pages 154-160, June.

    More about this item

    Keywords

    Small and medium-sized enterprises (SMEs); Efficiency; Cluster; Analysis; Dendogram;
    All these keywords.

    JEL classification:

    • O12 - Economic Development, Innovation, Technological Change, and Growth - - Economic Development - - - Microeconomic Analyses of Economic Development

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