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Romanian Entrepreneurship in the Years of Economic Crisis: a Regional Approach

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  • Burcea Marin

    () (University of Bucharest, Faculty of Administration and Business)

Abstract

The entrepreneurship spirit is a key element to ensure the dynamics of the economy and the society, both at worldwide and regional level. The entrepreneurship activity has the potential to respond to the challenges of an environment in a continuous change and ensures both local and regional development. The aims of our paper are to present in short the impact of the economic and financial crisis on the Romanian enterprises and to analyse its effects at the regional development level. A set of two hypotheses were tested and validated during our research by using the information provided by the National Trade Register Office. Our research shows, through the analysis of statistical data, a decrease of the interest for the entrepreneurial development and a dramatic fall in number of companies over the years 2008-2010, as a result of the economic crisis.

Suggested Citation

  • Burcea Marin, 2012. "Romanian Entrepreneurship in the Years of Economic Crisis: a Regional Approach," Ovidius University Annals, Economic Sciences Series, Ovidius University of Constantza, Faculty of Economic Sciences, vol. 0(1), pages 314-317, May.
  • Handle: RePEc:ovi:oviste:v:xii:y:2012:i:12:p:314-317
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    More about this item

    Keywords

    entrepreneurship; entrepreneurial activity; regional development; economic and financial crisis; Romania;

    JEL classification:

    • M19 - Business Administration and Business Economics; Marketing; Accounting; Personnel Economics - - Business Administration - - - Other
    • O18 - Economic Development, Innovation, Technological Change, and Growth - - Economic Development - - - Urban, Rural, Regional, and Transportation Analysis; Housing; Infrastructure
    • R12 - Urban, Rural, Regional, Real Estate, and Transportation Economics - - General Regional Economics - - - Size and Spatial Distributions of Regional Economic Activity; Interregional Trade (economic geography)

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