DRIVERS OF BUSINESS SECTOR DEVELOPMENT IN ROMANIA – A REGIONAL ANALYSIS

Dan-Marius Voicilaș () and Monica Tudor
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Dan-Marius Voicilaș: Institute of Agricultural Economics, Romanian Academy, Bucharest
Authors registered in the RePEc Author Service: Dan Marius Voicilas ()

Agricultural Economics and Rural Development, 2019, vol. 16, issue 2, 173-184

Abstract: The study presents the evolution of the business sector in recent years, in the economic development Sud-Est Region from Romania, which in our opinion, in economic terms and not only, is a representative region for the entire Romania. Following our analysis, we have identified the main determinants for business development, i.e. those that influenced the general economic evolution of the region. These determinants were analysed separately, as internal and external factors. For the purpose of our analysis, we used the main regional and national official documents, which refer to regional economy or to local businesses, such as policies, strategies and master-plans of the state authorities, or the analyses from certain organizations such as the Foreign Investors Council. For the analysis of long data series on the evolution of the main national and regional macro-economic indicators, we used data from the National Institute of Statistics and the National Bank of Romania. The final results present the SWOT analysis of the Sud-Est Region in terms of growth, evolution and competitiveness conditions of the business environment, and its development prospects. We have identified the strengths, weaknesses, opportunities and threats. The resulting conclusions provide an opportunity to formulate recommendations for business sector improvement and to create an appropriate framework for better regional economic development policies and strategies.

Keywords: economic development; business; determinants; SWOT; regional analysis; Romania (search for similar items in EconPapers)
JEL-codes: E22 F18 G01 L26 M21 R11 (search for similar items in EconPapers)
Date: 2019
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Persistent link: https://EconPapers.repec.org/RePEc:iag:reviea:v:16:y:2019:i:2:p:173-184

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