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Structural changes in the evolution of entrepreneurship in Romania (1990-2013)

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  • Zsombor Csata

Abstract

This paper proposes a descriptive analysis of the institutional transformation of entrepreneurship in Romania and identifies the main factors that determined its evolution after 1989. The process of structural transformation of the economy is marked by a decreasing number of large enterprises and the broadening of the SME sector. Using a model proposed by Kuczi (2000) the article concludes that this change can be largely explained by the pressure of recession and fragmentation effects. In turn these processes were determined by: 1. the restructuring of the economy as a result of privatization and transition to market economy (especially in the 90s) and 2. changes in the global regulative environment (especially after Romania’s accession to the EU).

Suggested Citation

  • Zsombor Csata, 2015. "Structural changes in the evolution of entrepreneurship in Romania (1990-2013)," Conjunctura economiei mondiale / World Economic Studies, Institute for World Economy, Romanian Academy.
    • Handle: RePEc:iem:conjun:imptrsy:2015:id:2822000009558063
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    More about this item

    Keywords

    entrepreneurship; institutional transformation of the economy; economic development; post-socialism; Romania;
    All these keywords.

    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
    • P11 - Political Economy and Comparative Economic Systems - - Capitalist Economies - - - Planning, Coordination, and Reform

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