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An Institutional Approach Of The Business Environment Quality. A Comparative Analisys

Author

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  • PANA Marius-Cristian
  • STAICU Gabriel Ilie
  • MARINESCU Cosmin

Abstract

Especially in the last decade there is a tendency in the academia to acknowledge that the incentives derived from social institutions strongly influence the quality of entrepreneurial activity. Therefore, depending on the institutional framework that governs our society, the entrepreneurial efforts might be oriented towards productive market activities or towards rent seeking activities. The aim of this paper is to explain the way in which institutional framework determine alternative patterns of entrepreneurial activity and economic progress. We use valuable and trustful empirical evidence to illustrate the inextricable relationship between institutions, entrepreneurship and economic performance.

Suggested Citation

  • PANA Marius-Cristian & STAICU Gabriel Ilie & MARINESCU Cosmin, 2012. "An Institutional Approach Of The Business Environment Quality. A Comparative Analisys," Revista Economica, Lucian Blaga University of Sibiu, Faculty of Economic Sciences, vol. 0(1), pages 603-607.
    • Handle: RePEc:blg:reveco:v:supplement:y:2012:i:1:p:603-607
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