Entrepreneurship and Regional Development in Romania
Entrepreneurship and Regional Development in Romania

Summary/Abstract: During the last decade, Romanian economy has been experiencing a multifaceted process of openness, which challenges the balanced regional development as inherited from the communist regime. This study follows the Schumpeterian vision on economic development and investigates Romania's regional evolutions through the prism of the entrepreneurial milieu. The findings are revealed by a statistical analysis of clustering the Romanian counties according to 33 indicators of economic and social development. There were identified counties that lack entrepreneurial capability, those that expose a high potential and counties that fare remarkably well in this area. The material concludes with the observation that the sources of development are distributed throughout the country in close correlation with local abilities to take better advantage of generic determinants of entrepreneurship.

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