Please use this identifier to cite or link to this item: https://hdl.handle.net/10419/168788 
Year of Publication: 
2013
Citation: 
[Journal:] Amfiteatru Economic Journal [ISSN:] 2247-9104 [Volume:] 15 [Issue:] 33 [Publisher:] The Bucharest University of Economic Studies [Place:] Bucharest [Year:] 2013 [Pages:] 270-287
Publisher: 
The Bucharest University of Economic Studies, Bucharest
Abstract: 
In contemporary economic literature, we can find plenty of theoretical and empirical approaches which seek to highlight the most appropriate factorial variables that are associated with the institutional quality of the business environment. This study presents, in a summarised version, the institutional logic of transaction costs that was substantiated within a scientific research project. In essence, the economic performances of the business environment are circumscribed by the institutions that facilitate or constrain the entrepreneurial initiatives and the economic activity in general. In terms of empirical analysis, the comparative approach of the EU business environments illustrates various exemples of (good or bad) practices with respect to the institutional quality of the business environment. By selecting certain relevant institutional variables, the original character of this research resides in developing an indicator – The Institutional Quality of the Business Environment (hereafter IQBE) which offers a dynamic perspective upon the business environments that characterise both Romania and other EU countries.
Subjects: 
Institutional Quality of the Business Environment
Transaction Costs
Entrepreneurship
Property Rights
JEL: 
D02
D23
K11
L26
Creative Commons License: 
cc-by Logo
Document Type: 
Article

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