Analysis of the Tertiary Sector in Romania

Marian Ionel ()
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Marian Ionel: „Ovidius†University of Constanta

Ovidius University Annals, Economic Sciences Series, 2020, vol. XX, issue 1, 402-407

Abstract: The service sector has a very important role in an economy, because this sector contributes to the economic development of society by ensuring economic growth, creating jobs for the population and last but not least meeting the multiple needs of people. The development of a country is closely linked to the tertiary sector, because at present an economy cannot function without the existence of services. In the case of Romania, the transition to a market economy was an opportunity for the development of the tertiary sector. However, the analysis of data on the Romanian tertiary sector indicates an average level of development. Underfunding of certain services from the state budget such as education services and health services indicates an inadequate strategy used for the development of the tertiary sector in Romania, with long-term negative effects.

Keywords: tertiary sector; services (search for similar items in EconPapers)
JEL-codes: L80 (search for similar items in EconPapers)
Date: 2020
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Persistent link: https://EconPapers.repec.org/RePEc:ovi:oviste:v:xx:y:2020:i:1:p:402-407

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