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An Analysis of the Role of SMEs in Economic Development

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  • Cristinel Constantin

    (Transilvania University of Brasov, Brasov, Romania)

Abstract

The SMEs are usually considered in literature as determinants of economic development. Such companies are often put in relationship with entrepreneurship and innovation, which are among the main goals at the EU level. Our study starts from this research problem consisting in the opportunity to develop SMEs in order to reach economic development in Romania. The results reveal a strong correlation between the SMEs number and the GDP evolution but also the turnover of SMEs has to be considered. These results confirmed some theories addressed in the literature, regarding the role of business actors, public administration and education institutions in economic development.

Suggested Citation

  • Cristinel Constantin, 2019. "An Analysis of the Role of SMEs in Economic Development," Risk in Contemporary Economy, "Dunarea de Jos" University of Galati, Faculty of Economics and Business Administration, pages 189-195.
    • Handle: RePEc:ddj:fserec:y:2019:p:189-195
    DOI: 10.35219/rce2067053220
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    References listed on IDEAS

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