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The Development of the SMEs Sector in Romania. An Approach Regarding the Dynamics and the Perspectives

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  • Victor LAVRIC

    (The Bucharest Academy of Economic Studies, Romania)

Abstract

This paper focuses on the development of the SMEs sector in Romania. In the first part there are revealed the main approaches concerning the role of SMEs in the economy, and especially their contribution to the transition to the knowledge based economy. The second part defines the methodological framework, presenting the six main indicators that are analyzed: number of enterprises, number of persons employed, gross value added, apparent labour productivity, rate of profitability and propensity to invest. The third part presents in an organized way the study results and the most relevant five tendencies, concerning SMEs sector in Romania, that are deriving from the data analysis. The forth part aims to present a number of six general recommendations that are capable to soften the economic crisis effects over the SMEs from Romania, and, what is the most important, to create a incentive framework for the creation and the development of SMEs. The presented recommendations are based on two elements: the results of the current study, and the best practices concerning the SMEs sector development from all over the world.

Suggested Citation

  • Victor LAVRIC, 2010. "The Development of the SMEs Sector in Romania. An Approach Regarding the Dynamics and the Perspectives," REVISTA DE MANAGEMENT COMPARAT INTERNATIONAL/REVIEW OF INTERNATIONAL COMPARATIVE MANAGEMENT, Faculty of Management, Academy of Economic Studies, Bucharest, Romania, vol. 11(5), pages 931-939, December.
    • Handle: RePEc:rom:rmcimn:v:11:y:2010:i:5:p:931-939
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    More about this item

    Keywords

    SMEs; economic crisis; knowledge based economy; labour productivity; profitability; investment; gross value added.;
    All these keywords.

    JEL classification:

    • L29 - Industrial Organization - - Firm Objectives, Organization, and Behavior - - - Other
    • O33 - Economic Development, Innovation, Technological Change, and Growth - - Innovation; Research and Development; Technological Change; Intellectual Property Rights - - - Technological Change: Choices and Consequences; Diffusion Processes

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