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Financing Sustainable Economic Development in the Conditions of the Economic Crisis. Public Sector vs. Private Sector

Author

Listed:
  • Murgescu, Dana

    (SNSPA)

  • Dumitrescu, Adelina

    (SNSPA)

Abstract

The emergence of the world economic crises has lead to the stop of the economic growth and, implicitly, to the stagnation of economic development in Romania, with an obvious negative impact on sustainable development. Both the public component of the economy and the private sector are affected by the economic crisis and are placed in the situation to find specific solutions for the efficient continuation of their activity. The paper at hand aims to analyze the financing solutions the public sector (ex: additional financing of the fields with significant loss, by means of the budget rectification, communitarian funding, loans etc.), respectively, the private one (we shall refer only to SMEs, which represent an important share of the private economic sector, discussing communitarian financing, the minimis aid, regulations meant to support these entities) can resort to. The comparative study attempts to identify which if these modalities and financing sources is the most efficient one, from the economic viewpoint. Paper: http://ccefa.spiruharet.ro/materiale/dder.pdf

Suggested Citation

  • Murgescu, Dana & Dumitrescu, Adelina, 2009. "Financing Sustainable Economic Development in the Conditions of the Economic Crisis. Public Sector vs. Private Sector," Papers 2009/111, Osterreichish-Rumanischer Akademischer Verein.
    • Handle: RePEc:ris:sphedp:2009_111
    as

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    More about this item

    Keywords

    sustainable development; financing sources; public sector; SMEs; minimis aid;
    All these keywords.

    JEL classification:

    • A11 - General Economics and Teaching - - General Economics - - - Role of Economics; Role of Economists

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