Regional Disparities in the Development of Small and Medium Enterprises: An Analysis of Hotels and Restaurants Sector in Romania

Camelia Surugiu

Manager Journal, 2019, vol. 30, issue 1, 106-113

Abstract: The aim of this paper is to analyse the impact of tourism small and medium enterprises (SMEs) on economic development. Even if, SMEs are deficient in terms of skilled labour force, and finance,they have the power to generate value added, backward and forward linkages, entrepreneurship spirit, adaptation to change, with an extreme importance in long-term development and survival on a dynamic market. SMEs are more flexible being supportive of economic growth in local communities. The expansion of SMEs in Romania has various particularities on regional level, being identified different disparities in terms of local units’ distribution and turnover creation. Still, in order for SMEs to be able to survive, various measures need to be taken by governments and support their future expansion, considering the economic, social, cultural and political context.

Keywords: small and medium enterprises; Romania; regional disparities; economic development; turnover (search for similar items in EconPapers)
Date: 2019
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Persistent link: https://EconPapers.repec.org/RePEc:but:manage:v:30:y:2019:i:1:p:106-113

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