Government Programs Focused on Financial Support for SMEs (2014-2018)
Nicoleta AsaloÈ™ () and
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Nicoleta AsaloÈ™: â€œOvidiusâ€ University of Constantaz
Ionel Bostan: â€œÈ˜tefan cel Mareâ€ University of Suceava
Ovidius University Annals, Economic Sciences Series, 2019, vol. XIX, issue 2, 622-627
The SMEs or the Small and medium-sized enterprises sector is underlying the Romanian economy, its share representing 99.64% of the total enterprises. As the main driver of economic growth, SMEs are facing several problems, which generate a direct impact on economic competitiveness. Economic competitiveness is based on determinants at the macro (i.e. institutions, public finances, infrastructure, etc.) and micro (i.e. business environment, SMEsâ€™ dynamics, entrepreneurship, innovation activity, clustering, development of business networks) level. This paper seeks to address and analyze the 2014-2018 government programs which focused on funding SMEs, given the difficulties that the latter face in developing and increasing competitiveness due to a rather difficult and costly access to financing, but also due to the access to various markets.
Keywords: Government programs; funding; SMEs; competitiveness (search for similar items in EconPapers)
JEL-codes: H11 I25 I26 (search for similar items in EconPapers)
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Persistent link: https://EconPapers.repec.org/RePEc:ovi:oviste:v:xix:y:2019:i:2:p:622-627
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