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European Entrepreneurship In Times Of Crisis: Realities, Challenges And Perspectives


  • Andreea-Oana Iacobuta

    () (Alexandru Ioan Cuza University of Iasi, Romania)

  • Oana-Ramona Socoliuc

    () (Alexandru Ioan Cuza University of Iasi, Romania)


The role of entrepreneurship in economic growth and development has been largely debated and acknowledged, both in literature and in policy making. Wihin the context of the present crisis, at a European level, entrepreneurship development is seen as the main solution for job creation and sustainable economic growth. As a consequence, there have been several calls and initiatives to make entrepreneurship the growth engine of European economy and to put the principle of “think small first” at the core of national and European policies. This paper discusses the challenges and the perspectives for entrepreneurship development in European countries from the point of view of the three areas of intervention proposed by Entrepreneurship 2020 Action Plan. The research methods are the analysis of different reports and policy papers and comparative analysis of statistical data from international databases. The main findings confirm the differences in entrepreneurial activity, level and nature of entrepreneurship existing at European level during the crisis, and also point out the strengths and weaknesses of European countries in the three areas proposed by the 2020 Action Plan.

Suggested Citation

  • Andreea-Oana Iacobuta & Oana-Ramona Socoliuc, 2014. "European Entrepreneurship In Times Of Crisis: Realities, Challenges And Perspectives," CES Working Papers, Centre for European Studies, Alexandru Ioan Cuza University, vol. 6(2), pages 85-96, July.
  • Handle: RePEc:jes:wpaper:y:2014:v:6:i:2:p:85-96

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    References listed on IDEAS

    1. Blanchard, Olivier & Wolfers, Justin, 2000. "The Role of Shocks and Institutions in the Rise of European Unemployment: The Aggregate Evidence," Economic Journal, Royal Economic Society, vol. 110(462), pages 1-33, March.
    2. Olivier Blanchard & Francesco Giavazzi, 2003. "Macroeconomic Effects of Regulation and Deregulation in Goods and Labor Markets," The Quarterly Journal of Economics, Oxford University Press, vol. 118(3), pages 879-907.
    3. K.H. Midelfart & H.G. Overman & S.J. Redding & A.J. Venables, 2000. "The location of European industry," European Economy - Economic Papers 2008 - 2015 142, Directorate General Economic and Financial Affairs (DG ECFIN), European Commission.
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    More about this item


    entrepreneurship; crisis; entrepreneurial education; culture of entrepreneurship; European Union Romania;

    JEL classification:

    • L26 - Industrial Organization - - Firm Objectives, Organization, and Behavior - - - Entrepreneurship
    • M13 - Business Administration and Business Economics; Marketing; Accounting; Personnel Economics - - Business Administration - - - New Firms; Startups
    • Y1 - Miscellaneous Categories - - Data: Tables and Charts


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