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Entrepreneurship in Romania - Realities and Perspectives

Author

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  • Madalina Cristina TOCAN

    (Faculty of Economics, Ecological University of Bucharest)

Abstract

The terms "Entrepreneurship" and "Entrepreneur" became increasingly used worldwide because the entrepreneurship tends to be associated with the economic development and well-being of a nation. Entrepreneurship is a powerful driver of economic growth and job creation: it creates new companies and jobs, opens up new markets, and nurtures new skills and capabilities. According to EU Entrepreneurship Action Plan 2020 “Entrepreneurship makes economies more competitive and innovative and is crucial in achieving the objectives of several European sectorial policies” 'The objective of this paper is to present an analysis of the Romanian entrepreneurial ecosystem and the factors which influence it. Development of the present paper has been carried out through the analysis of the Romanian entrepreneurial business environment, using data supplied by the Global Entrepreneurship Monitor 2014, European Commission and Ernst & Young study “Entrepreneurs Talk”.

Suggested Citation

  • Madalina Cristina TOCAN, 2015. "Entrepreneurship in Romania - Realities and Perspectives," Economics of Sustainable Development.The Economic Impact of Climate Change. - Working papers 03, Ecological University of Bucharest, Department of Economics.
    • Handle: RePEc:eub:wp2015:2015-03
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    More about this item

    Keywords

    Entrepreneurship; skills and capabilities; entrepreneurial system;
    All these keywords.

    JEL classification:

    • L26 - Industrial Organization - - Firm Objectives, Organization, and Behavior - - - Entrepreneurship
    • L31 - Industrial Organization - - Nonprofit Organizations and Public Enterprise - - - Nonprofit Institutions; NGOs; Social Entrepreneurship

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