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Particularities Companies With Locally Activity

Author

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  • Mihail, DIMITRIU

    (”Victor Slavescu” Financial and Monetary Research Center, Romanian Academy, Romania)

Abstract

In our view, companies operating locally engine should be both balanced territorial development, and sustainable development. In this regard, our research focused on finding mechanisms, means, techniques, methods by which financial side asymmetry territorial development plan can be reduced, consistent with the objectives of sustainable development at national and regional level. In our country, just administrative doctrine is the biggest obstacle to territorial development plan of these types of companies. Although there is a favourable legal framework that allows private provision in the form of public services, there are many cases when they are made by local government, but at a level determined predominantly by sources and appropriate level of financial resources. An alternative to the current state is the economic development zone, a concept proposed by us and trying to solve problems of interconnecting various locations (sized entities with different socio-economic structures) but which have in common a particular purpose. Public - private partnership thus becomes another dimension, the territorial level, the ultimate goal of meeting the needs of the population in the area.

Suggested Citation

  • Mihail, DIMITRIU, 2016. "Particularities Companies With Locally Activity," Contemporary Economy Journal, Constantin Brancoveanu University, vol. 1(1), pages 96-103.
  • Handle: RePEc:brc:brccej:v:1:y:2016:i:1:p:96-103
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    References listed on IDEAS

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    More about this item

    Keywords

    local economy; public services; public-private partnership; local funding;
    All these keywords.

    JEL classification:

    • D73 - Microeconomics - - Analysis of Collective Decision-Making - - - Bureaucracy; Administrative Processes in Public Organizations; Corruption
    • H13 - Public Economics - - Structure and Scope of Government - - - Economics of Eminent Domain; Expropriation; Nationalization
    • H42 - Public Economics - - Publicly Provided Goods - - - Publicly Provided Private Goods
    • L32 - Industrial Organization - - Nonprofit Organizations and Public Enterprise - - - Public Enterprises; Public-Private Enterprises

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