The Impact of Economic Crisis on the Business Environment in Romania

Rusei Alexandru ()
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Rusei Alexandru: Academy of Economic Studies

Ovidius University Annals, Economic Sciences Series, 2012, vol. XII, issue 2, 305-309

Abstract: The business environment in Romania in the period 2009-2012 was strongly influenced by global crisis: economic performance declined, entrepreneurship has suffered and many companies were closed. Resisted those who have managed to adapt and to conduct business in areas that have survived best. Regional differences, size of company, financial results were the main characteristics were determined the company's ability not to leave the market. For this work i used descriptive statistics to highlight companies that have survived the global crisis. After that, using the cluster tehnique, i showed characteristics of these companies. This paper aims to indetify through empirical studies the relationship between economic performances and economic characteristics in Romania.

Keywords: firm size; competitiveness; economic performance; business environment; survivor (search for similar items in EconPapers)
JEL-codes: D22 M21 (search for similar items in EconPapers)
Date: 2012
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Persistent link: https://EconPapers.repec.org/RePEc:ovi:oviste:v:xii:y:2012:i:2:p:305-309

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