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The Puzzle of Industrial Enterprises in Romania over a Century: 1918-2017


  • Chivu, Luminita

    ("Costin C. Kirițescu" National Institute for Economic Research, Romanian Academy)


The configuration of industrial enterprises in Romania, in terms of numbers and structure, in relation to their characteristics, mirrors the Romanian economy and society at large, in their chronological development. Marked by the changes in the technological and economic paradigm, by the legal-institutional framework and changes in the ownership regime, by the commercial policy guidelines on the background of the dominant economic doctrine, but also by the characteristics of the communities in which they were operating, in turn the †architecture†of the industrial enterprises put a special footprint on the economic and social development. Our analyses are focusing on three major historical periods: a) the inter-war period, the arms industry, and the post-war reconstruction period of 1918-1947; b) the period of centralised economy (with nationalisation, collective farming, and planned economy as its corollary), 1948-1989; c) the period of transition to a market economy and the European Union integration, 1990-2017.

Suggested Citation

  • Chivu, Luminita, 2019. "The Puzzle of Industrial Enterprises in Romania over a Century: 1918-2017," Working Papers of National Institute of Economic Research 191018, National Institute of Economic Research.
  • Handle: RePEc:ror:wpince:191018

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    industrialization; industrial restructuring; privatization; deindustrialization;

    JEL classification:

    • D23 - Microeconomics - - Production and Organizations - - - Organizational Behavior; Transaction Costs; Property Rights
    • L11 - Industrial Organization - - Market Structure, Firm Strategy, and Market Performance - - - Production, Pricing, and Market Structure; Size Distribution of Firms
    • L16 - Industrial Organization - - Market Structure, Firm Strategy, and Market Performance - - - Industrial Organization and Macroeconomics; Macroeconomic Industrial Structure
    • L22 - Industrial Organization - - Firm Objectives, Organization, and Behavior - - - Firm Organization and Market Structure
    • L25 - Industrial Organization - - Firm Objectives, Organization, and Behavior - - - Firm Performance
    • L52 - Industrial Organization - - Regulation and Industrial Policy - - - Industrial Policy; Sectoral Planning Methods
    • N14 - Economic History - - Macroeconomics and Monetary Economics; Industrial Structure; Growth; Fluctuations - - - Europe: 1913-


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