EFFICIENCY OF SMES IN ROMANIA POST CRISIS. A CLUSTERING ANALYSIS

Cristina Suciu and Loghin Gaga
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Cristina Suciu: Department of Mathematics and Computer Science, West University Of Timi?oara
Loghin Gaga: Department of Mathematics and Computer Science, West University Of Timi?oara

SEA - Practical Application of Science, 2014, issue 4, 137-146

Abstract: Small and medium-sized enterprises (SMEs) have had, even in the economic crisis, a major contribution to the achievement of gross domestic product, to create jobs, to increase economic efficiency by stimulating competition through speed of adaptation to conditions and the adoption of new strategies, the ability to adapt to market requirements. Although, at the beginning of the economic crisis in Romania have been suspended or canceled several hundred thousand companies, starting in 2012 it is observed a revival of SMEs. We could say that post crisis period, thanks to measures in support of SMEs, is the beginning of an economic boost of SMEs in Romania. Cluster analysis a multivariate analys is technique, which includes a number of algorithms for classifying objects in to homogeneous groups. Analysis of effectiveness of SMEs from Romania using cluster analysisis a new method of economic analysis which enables an analysis, mathematical methods, regional development of SMEs and increasing their competitiveness.

Keywords: Small and medium-sized enterprises (SMEs); Efficiency; Cluster; Analysis; Dendogram (search for similar items in EconPapers)
JEL-codes: O12 (search for similar items in EconPapers)
Date: 2014
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Citations: View citations in EconPapers (1)

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