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An Analysis of the Role of SMEs in Economic Development

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  • Cristinel Constantin

    (Transilvania University of Brasov, Brasov, Romania)

Abstract

The SMEs are usually considered in literature as determinants of economic development. Such companies are often put in relationship with entrepreneurship and innovation, which are among the main goals at the EU level. Our study starts from this research problem consisting in the opportunity to develop SMEs in order to reach economic development in Romania. The results reveal a strong correlation between the SMEs number and the GDP evolution but also the turnover of SMEs has to be considered. These results confirmed some theories addressed in the literature, regarding the role of business actors, public administration and education institutions in economic development.

Suggested Citation

  • Cristinel Constantin, 2019. "An Analysis of the Role of SMEs in Economic Development," Risk in Contemporary Economy, "Dunarea de Jos" University of Galati, Faculty of Economics and Business Administration, pages 189-195.
    • Handle: RePEc:ddj:fserec:y:2019:p:189-195
    DOI: 10.35219/rce2067053220
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    References listed on IDEAS

    as
    1. Alba Demneri Kruja, 2013. "The Contribution of SMEs to the Economic Growth (Case of Albania)," EuroEconomica, Danubius University of Galati, issue 1(32), pages 55-67, May.
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    4. Mirela Ionela ACELEANU & Daniela Livia TRAŞCĂ & Andreea Claudia ŞERBAN, 2014. "The role of small and medium enterprises in improving employment and in the post-crisis resumption of economic growth in Romania," Theoretical and Applied Economics, Asociatia Generala a Economistilor din Romania / Editura Economica, vol. 0(1(590)), pages 87-102, January.
    5. Kuckertz, Andreas & Wagner, Marcus, 2010. "The influence of sustainability orientation on entrepreneurial intentions -- Investigating the role of business experience," Journal of Business Venturing, Elsevier, vol. 25(5), pages 524-539, September.
    6. repec:agr:journl:v:1(590):y:2014:i:1(590):p:87-102 is not listed on IDEAS
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