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Newly Created Enterprises’ Effect on the Gross Domestic Product

Author

Listed:
  • Irina M. DRAGAN

    (The Bucharest University of Economic Studies, Romania)

  • Alexandru ISAIC-MANIU

    (The Bucharest University of Economic Studies, Romania)

Abstract

In Romania approximately two thirds of the national production is generated by the private sector of the economy, which is still relatively a low value compared to the weight registered in the developed countries. The economic crisis has also affected the private enterprise sector. Some major features: the decrease of the new enterprise foundation ratio, the growth of business liquidation ratio. This process was rather asynchronous compared with that of the developed European Union countries. Based on some data sets, this article operates an econometric modeling of the newly created enterprises’ impact on the dynamic of national production, as measured by GDP.

Suggested Citation

  • Irina M. DRAGAN & Alexandru ISAIC-MANIU, 2012. "Newly Created Enterprises’ Effect on the Gross Domestic Product," REVISTA DE MANAGEMENT COMPARAT INTERNATIONAL/REVIEW OF INTERNATIONAL COMPARATIVE MANAGEMENT, Faculty of Management, Academy of Economic Studies, Bucharest, Romania, vol. 13(4), pages 511-521, October.
    • Handle: RePEc:rom:rmcimn:v:13:y:2012:i:4:p:511-521
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    File URL: https://www.rmci.ase.ro/no13vol4/02.pdf
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    References listed on IDEAS

    as
    1. Irina M. DRAGAN & Alexandru ISAIC - MANIU, 2009. "Some Characteristics of the New Enterprises and the Profile of New Entrepreneurs," REVISTA DE MANAGEMENT COMPARAT INTERNATIONAL/REVIEW OF INTERNATIONAL COMPARATIVE MANAGEMENT, Faculty of Management, Academy of Economic Studies, Bucharest, Romania, vol. 10(4), pages 681-690, October.
    2. Breusch, T S & Pagan, A R, 1979. "A Simple Test for Heteroscedasticity and Random Coefficient Variation," Econometrica, Econometric Society, vol. 47(5), pages 1287-1294, September.
    3. Bera, Anil K. & Jarque, Carlos M., 1981. "Efficient tests for normality, homoscedasticity and serial independence of regression residuals : Monte Carlo Evidence," Economics Letters, Elsevier, vol. 7(4), pages 313-318.
    Full references (including those not matched with items on IDEAS)

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    More about this item

    Keywords

    entrepreneurship; newly created enterprises; DOSME (Demography of Small and Medium Enterprise).;
    All these keywords.

    JEL classification:

    • C20 - Mathematical and Quantitative Methods - - Single Equation Models; Single Variables - - - General
    • L26 - Industrial Organization - - Firm Objectives, Organization, and Behavior - - - Entrepreneurship
    • M13 - Business Administration and Business Economics; Marketing; Accounting; Personnel Economics - - Business Administration - - - New Firms; Startups

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