THE IMPACT OF THE ECONOMIC CRISIS IN THE IT&C INDUSTRY – EVIDENCE FROM BUCHAREST
Despite its peripheral location within the European metropolitan system, Bucharest has significant competitive advantages – large scale market, high-skilled labour pooling, dynamic business environment, institutional capacity, and knowledge organizations. The location of MNCs has enhanced the domest...
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| Format: | Article |
| Language: | English |
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University of Bucharest
2022-11-01
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| Series: | Journal of Urban and Regional Analysis |
| Subjects: | |
| Online Access: | https://www.jurareview.ro/resources/pdf/volume_9__the_impact_of_the_economic_crisis_in_the_it_&_c_industry_-_evidence_from_bucharest__abstract.pdf |
| _version_ | 1811313551712714752 |
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| author | Claudia POPESCU Alexandru GAVRIȘ |
| author_facet | Claudia POPESCU Alexandru GAVRIȘ |
| author_sort | Claudia POPESCU |
| collection | DOAJ |
| description | Despite its peripheral location within the European metropolitan system, Bucharest has significant competitive advantages – large scale market, high-skilled labour pooling, dynamic business environment, institutional capacity, and knowledge organizations. The location of MNCs has enhanced the domestic small-scale entrepreneurship and the emergence of an innovative IT&C cluster. As the world economic crises stroke almost everywhere, in the case of Bucharest it was enhanced by a political crisis which diminished the industrial growth. In this context we focus on the IT small and medium enterprises which, by surviving the crises and developing even more, show clear evidence of strengthening the cluster identity. Based on the two-digit CANE data on employment, the paper analyzes in an empirical way the IT firms from Bucharest between two representative moments: 2007 the year of maximum growth for Romania and 2010. We attempt to identify the factors contributing to the growth of the cluster and to assess the contribution of the cluster to the generation of regional wealth and jobs. The results shows that, despite of the crises, the local entrepreneurship alongside the continuous foreign interest in the local workforce have pulled together an emerging industrial cluster. |
| first_indexed | 2024-04-13T10:55:42Z |
| format | Article |
| id | doaj.art-8fcc755939bb49c09775604c3b0f4478 |
| institution | Directory Open Access Journal |
| issn | 2067-4082 2068-9969 |
| language | English |
| last_indexed | 2024-04-13T10:55:42Z |
| publishDate | 2022-11-01 |
| publisher | University of Bucharest |
| record_format | Article |
| series | Journal of Urban and Regional Analysis |
| spelling | doaj.art-8fcc755939bb49c09775604c3b0f44782022-12-22T02:49:32ZengUniversity of BucharestJournal of Urban and Regional Analysis2067-40822068-99692022-11-01413549doi.org/10.37043/JURA.2012.4.1.2THE IMPACT OF THE ECONOMIC CRISIS IN THE IT&C INDUSTRY – EVIDENCE FROM BUCHAREST Claudia POPESCU0Alexandru GAVRIȘ1The Bucharest Academy of Economic Studies, Institute of Geography Romanian Academy, RomaniaThe Bucharest Academy of Economic Studies, RomaniaDespite its peripheral location within the European metropolitan system, Bucharest has significant competitive advantages – large scale market, high-skilled labour pooling, dynamic business environment, institutional capacity, and knowledge organizations. The location of MNCs has enhanced the domestic small-scale entrepreneurship and the emergence of an innovative IT&C cluster. As the world economic crises stroke almost everywhere, in the case of Bucharest it was enhanced by a political crisis which diminished the industrial growth. In this context we focus on the IT small and medium enterprises which, by surviving the crises and developing even more, show clear evidence of strengthening the cluster identity. Based on the two-digit CANE data on employment, the paper analyzes in an empirical way the IT firms from Bucharest between two representative moments: 2007 the year of maximum growth for Romania and 2010. We attempt to identify the factors contributing to the growth of the cluster and to assess the contribution of the cluster to the generation of regional wealth and jobs. The results shows that, despite of the crises, the local entrepreneurship alongside the continuous foreign interest in the local workforce have pulled together an emerging industrial cluster.https://www.jurareview.ro/resources/pdf/volume_9__the_impact_of_the_economic_crisis_in_the_it_&_c_industry_-_evidence_from_bucharest__abstract.pdfit industryentrepreneurshipeconomic crisisbucharest |
| spellingShingle | Claudia POPESCU Alexandru GAVRIȘ THE IMPACT OF THE ECONOMIC CRISIS IN THE IT&C INDUSTRY – EVIDENCE FROM BUCHAREST Journal of Urban and Regional Analysis it industry entrepreneurship economic crisis bucharest |
| title | THE IMPACT OF THE ECONOMIC CRISIS IN THE IT&C INDUSTRY – EVIDENCE FROM BUCHAREST |
| title_full | THE IMPACT OF THE ECONOMIC CRISIS IN THE IT&C INDUSTRY – EVIDENCE FROM BUCHAREST |
| title_fullStr | THE IMPACT OF THE ECONOMIC CRISIS IN THE IT&C INDUSTRY – EVIDENCE FROM BUCHAREST |
| title_full_unstemmed | THE IMPACT OF THE ECONOMIC CRISIS IN THE IT&C INDUSTRY – EVIDENCE FROM BUCHAREST |
| title_short | THE IMPACT OF THE ECONOMIC CRISIS IN THE IT&C INDUSTRY – EVIDENCE FROM BUCHAREST |
| title_sort | impact of the economic crisis in the it c industry evidence from bucharest |
| topic | it industry entrepreneurship economic crisis bucharest |
| url | https://www.jurareview.ro/resources/pdf/volume_9__the_impact_of_the_economic_crisis_in_the_it_&_c_industry_-_evidence_from_bucharest__abstract.pdf |
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