IDEAS home Printed from https://ideas.repec.org/a/ine/journl/v59y2024i68p304-315.html
   My bibliography  Save this article

A comparative perspective of Romanian North-East region entrepreneurship: Insights from the White Charter analysis and survey-based results

Author

Listed:
  • Iulia Mariana BALAN (MINDRUTA)

    (Faculty of Economics, Administration, and Business,Stefan cel Mare University of Suceava,Suceava,Romania)

Abstract

Our research focuses on examining the role of economic education and policies in fostering entrepreneurship in Romania, with particular attention to the emerging challenges posed by Industry 4.0 and the shift toward Industry 5.0. We aim to identify the key competencies that entrepreneurs need to develop and explore the teaching methods needed to adapt economic education to current requirements. At the same time, we will outline the entrepreneur's traits and propose in the final paper a model of economic development specific to Romania, integrating the influences of political and educational factors, to support sustainable and competitive entrepreneurship. Finally, we will provide concrete recommendations for improving entrepreneurial education and development strategies. Our research is essential to meet the economic and technological challenges brought by Industry 4.0. In a rapidly changing labor market, economic education must adapt to prepare competent and innovative professionals. This research will help develop a modern educational framework that promotes innovation and entrepreneurship and aligns with current market needs. We will also investigate effective educational methods to ensure that future graduates are both theoretically and practically prepared for a dynamic economic environment. We used a mixed methodology, combining descriptive, explanatory, and applied methods to analyze the entrepreneurial phenomenon in Romania. The main methodological tools used were triangulation, for data validation and consistency, and questionnaires, to collect primary data on the perceptions of entrepreneurial actors. This approach allowed us to integrate both theoretical and empirical perspectives, providing a balanced and relevant analysis. This study seeks to explore the influence of economic education and policy frameworks on fostering entrepreneurship in Romania, focusing on the technological and economic shifts associated with Industry 4.0 and the anticipated transition to Industry 5.0. It aims to pinpoint the essential skills and competencies that Romanian entrepreneurs must acquire to thrive in an increasingly digital and dynamic economy. What sets this research apart is its innovative integration of economic education, entrepreneurship, and the unique challenges posed by the dual transition of Industry 4.0 and Industry 5.0. In contrast to studies that examine these elements in isolation, this research takes a comprehensive approach, highlighting the interconnectedness of educational reform, technological advancements, and policy evolution.

Suggested Citation

  • Iulia Mariana BALAN (MINDRUTA), 2024. "A comparative perspective of Romanian North-East region entrepreneurship: Insights from the White Charter analysis and survey-based results," Romanian Journal of Economics, Institute of National Economy, vol. 59(2(68)), pages 304-315, December.
  • Handle: RePEc:ine:journl:v:59:y:2024:i:68:p:304-315
    as

    Download full text from publisher

    File URL: http://www.revecon.ro/articles/2024-2/2024-2-19.pdf
    Download Restriction: no
    ---><---

    More about this item

    Keywords

    entrepreneur; entrepreneurial environment; entrepreneurial education; White Charter Book;
    All these keywords.

    JEL classification:

    • L26 - Industrial Organization - - Firm Objectives, Organization, and Behavior - - - Entrepreneurship
    • M13 - Business Administration and Business Economics; Marketing; Accounting; Personnel Economics - - Business Administration - - - New Firms; Startups
    • M21 - Business Administration and Business Economics; Marketing; Accounting; Personnel Economics - - Business Economics - - - Business Economics

    Statistics

    Access and download statistics

    Corrections

    All material on this site has been provided by the respective publishers and authors. You can help correct errors and omissions. When requesting a correction, please mention this item's handle: RePEc:ine:journl:v:59:y:2024:i:68:p:304-315. See general information about how to correct material in RePEc.

    If you have authored this item and are not yet registered with RePEc, we encourage you to do it here. This allows to link your profile to this item. It also allows you to accept potential citations to this item that we are uncertain about.

    We have no bibliographic references for this item. You can help adding them by using this form .

    If you know of missing items citing this one, you can help us creating those links by adding the relevant references in the same way as above, for each refering item. If you are a registered author of this item, you may also want to check the "citations" tab in your RePEc Author Service profile, as there may be some citations waiting for confirmation.

    For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: Valentina Vasile (email available below). General contact details of provider: https://edirc.repec.org/data/inacaro.html .

    Please note that corrections may take a couple of weeks to filter through the various RePEc services.

    IDEAS is a RePEc service. RePEc uses bibliographic data supplied by the respective publishers.