YOUNG ENTREPRENEURS - PROMOTERS OF ECONOMIC DEVELOPMENT

Cojocaru Florentina-Georgiana ()

Management Strategies Journal, 2014, vol. 26, issue 4, 563-570

Abstract: Entrepreneurship in Romania is no longer an unfamiliar concept, but we can assert that it is a journey full of obstacles. Bureaucracy, the lack of fiscal predictability as well as the absence of an entrepreneurial culture often lead entrepreneurs to bankruptcy. A country develops itself with the help of strong economic policies dictated by the economic environment and not by the political one. The entrepreneur's policy is to make profit which has significant effects in all areas: social, educational, economic. Sustaining entrepreneurship is a solution to be taken into consideration for weighting youth unemployment, given the level reached in the second quarter of 2014 of 23.90%. This article aims to capture aspects of the current situation of entrepreneurship in Romania among young people. Based on data collected, we will analyze the unemployment rate among young people at education level and county-level compared to the number of companies founded by students, with the rate of workforce occupancy. The contribution of young entrepreneurs to economic growth can be achieved in two phases, as more companies are founded, number of employees increases, as a consequence, more young people will become entrepreneurs, so the unemployment rate among them will thus decrease.

Keywords: entrepreneurship; innovation; economic development; SMEs; youth unemployment (search for similar items in EconPapers)
JEL-codes: M13 O10 (search for similar items in EconPapers)
Date: 2014
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Persistent link: https://EconPapers.repec.org/RePEc:brc:journl:v:26:y:2014:i:4:p:563-570

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