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Government Programs Focused on Financial Support for SMEs (2014-2018)

Author

Listed:
  • Nicoleta AsaloÈ™

    (“Ovidius†University of Constantaz)

  • Ionel Bostan

    (“Ștefan cel Mare†University of Suceava)

Abstract

The SMEs or the Small and medium-sized enterprises sector is underlying the Romanian economy, its share representing 99.64% of the total enterprises. As the main driver of economic growth, SMEs are facing several problems, which generate a direct impact on economic competitiveness. Economic competitiveness is based on determinants at the macro (i.e. institutions, public finances, infrastructure, etc.) and micro (i.e. business environment, SMEs’ dynamics, entrepreneurship, innovation activity, clustering, development of business networks) level. This paper seeks to address and analyze the 2014-2018 government programs which focused on funding SMEs, given the difficulties that the latter face in developing and increasing competitiveness due to a rather difficult and costly access to financing, but also due to the access to various markets.

Suggested Citation

  • Nicoleta AsaloÈ™ & Ionel Bostan, 2019. "Government Programs Focused on Financial Support for SMEs (2014-2018)," Ovidius University Annals, Economic Sciences Series, Ovidius University of Constantza, Faculty of Economic Sciences, vol. 0(2), pages 622-627, December.
    • Handle: RePEc:ovi:oviste:v:xix:y:2019:i:2:p:622-627
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    References listed on IDEAS

    as
    1. David B. Audretsch (ed.), 2006. "Entrepreneurship, Innovation and Economic Growth," Books, Edward Elgar Publishing, number 4130.
    2. Audretsch, David B. & Keilbach, Max C. & Lehmann, Erik E., 2006. "Entrepreneurship and Economic Growth," OUP Catalogue, Oxford University Press, number 9780195183511, Decembrie.
    Full references (including those not matched with items on IDEAS)

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    More about this item

    Keywords

    Government programs; funding; SMEs; competitiveness;
    All these keywords.

    JEL classification:

    • H11 - Public Economics - - Structure and Scope of Government - - - Structure and Scope of Government
    • I25 - Health, Education, and Welfare - - Education - - - Education and Economic Development
    • I26 - Health, Education, and Welfare - - Education - - - Returns to Education

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