LINKING KIBS, ENTREPRENEURIAL DYNAMICS AND MACROECONOMIC DEVELOPMENTS. FOCUS ON ROMANIA

Daniel Badulescu, Ramona Simut and Anamaria Diana Herte

Proceedings of the INTERNATIONAL MANAGEMENT CONFERENCE, 2018, vol. 12, issue 1, 202-212

Abstract: The knowledge intensive business services (KIBS) sector includes firms where knowledge/information are both the input and output of their activity, offering their clients sophisticated, high-value services, stimulating them to discover and enlighten their own knowledge potential. Taking into account the decisive role of the knowledge-based economy and the importance of the ventures fostering the use of innovation and incorporating knowledge, KIBS are both a challenge and an opportunity for world economies on the path to modernisation, performance and prosperity. Originally associated with the services sector, but productivity being their weak point, KIBS have overcome these circumstances, being, in numerous cases, drivers of regional and sectorial development, leading, directly or indirectly, to increases in labour productivity. In the present paper we intend to examine the multifaceted relation between knowledge intensive business services (KIBS) and entrepreneurial dynamics (as firms’ creation or closure), or economic growth and labour productivity. Our analysis, which was performed on the Romanian economy between 2010 and 2017, using quarterly data, provides interesting results, highlighting a complex but contradictory relation between KIBS and economic activity.

Keywords: knowledge-based services; KIBS; entrepreneurial activity; growth; labour productivity. (search for similar items in EconPapers)
Date: 2018
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Persistent link: https://EconPapers.repec.org/RePEc:rom:mancon:v:12:y:2018:i:1:p:202-212

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