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Effects Of Economic Crisis On The Romanian Economy


  • Valeriu Potecea

    (Associate Professor of International Business at the Romanian-American University)

  • Georgiana Cebuc

    (Assistant Professor of International Business at the Romanian-American University)


Romania, which for 50 years was part of the "communist experiment", returned in 1989 to rules of market economy, hoping that within a reasonable period will reap the benefits of capitalist values. Global seizures that began to affect the whole world economic system in 2008, from the U.S., seem to invalidate not only all political and economic accumulation obtained by our country in almost 20 years but efforts to affect and ideal economic theories which fully adhered

Suggested Citation

  • Valeriu Potecea & Georgiana Cebuc, 2010. "Effects Of Economic Crisis On The Romanian Economy," Romanian Economic Business Review, Romanian-American University, vol. 5(2), pages 128-135, June.
  • Handle: RePEc:rau:journl:v:5:y:2010:i:2:p:128-135

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    References listed on IDEAS

    1. Chang, Chun & McCall, Brian P. & Wang, Yijiang, 2003. "Incentive contracting versus ownership reforms: evidence from China's township and village enterprises," Journal of Comparative Economics, Elsevier, vol. 31(3), pages 414-428, September.
    2. Ehrlich, Isaac & Georges Gallais-Hamonno & Zhiqiang Liu & Randall Lutter, 1994. "Productivity Growth and Firm Ownership: An Analytical and Empirical Investigation," Journal of Political Economy, University of Chicago Press, vol. 102(5), pages 1006-1038, October.
    3. Jayati Sarkar & Subrata Sarkar, 2000. "Large Shareholder Activism in Corporate Governance in Developing Countries: Evidence from India," International Review of Finance, International Review of Finance Ltd., vol. 1(3), pages 161-194.
    4. Boardman, Anthony E & Vining, Aidan R, 1989. "Ownership and Performance in Competitive Environments: A Comparison of the Performance of Private, Mixed, and State-Owned Enterprises," Journal of Law and Economics, University of Chicago Press, vol. 32(1), pages 1-33, April.
    5. Winston, Clifford, 1993. "Economic Deregulation: Days of Reckoning for Microeconomists," Journal of Economic Literature, American Economic Association, vol. 31(3), pages 1263-1289, September.
    6. Levy, Brian, 1987. "A theory of public enterprise behavior," Journal of Economic Behavior & Organization, Elsevier, vol. 8(1), pages 75-96, March.
    7. Ann P. Bartel and Ann E. Harrison & Ann P. Bartel and Ann E. Harrison, 1999. "Ownership Versus Environment: Why are Public Sector Firms Inefficient?," William Davidson Institute Working Papers Series 257, William Davidson Institute at the University of Michigan.
    8. Vining, Aidan R & Boardman, Anthony E, 1992. "Ownership versus Competition: Efficiency in Public Enterprise," Public Choice, Springer, vol. 73(2), pages 205-239, March.
    9. Anna Bottasso & Alessandro Sembenelli, 2004. "Does ownership affect firms’ efficiency? Panel data evidence on Italy," Empirical Economics, Springer, vol. 29(4), pages 769-786, December.
    10. Sarkar, Jayati & Sarkar, Subrata & Bhaumik, Sumon K., 1998. "Does Ownership Always Matter?--Evidence from the Indian Banking Industry," Journal of Comparative Economics, Elsevier, vol. 26(2), pages 262-281, June.
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    Cited by:

    1. Irina ION, 2014. "Households’ Adjustment to the Economic Crisis and the Impact on the Retail Sector in Romania," REVISTA DE MANAGEMENT COMPARAT INTERNATIONAL/REVIEW OF INTERNATIONAL COMPARATIVE MANAGEMENT, Faculty of Management, Academy of Economic Studies, Bucharest, Romania, vol. 15(2), pages 174-189, May.


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