Theoretical Aspects of the Economic Transition

Vepa, R.

doi:10.1201/b11408-20

Cited by 11 publications

(6 citation statements)

References 31 publications

(30 reference statements)

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“…At this point, it should be noted that this paper only considers significant institutional changes that may affect entrepreneurial activities. Tismaneanu (1993), Ibrahim and Galt (2002), Stoica (2004) and Scarlat and Scarlat (2007) present reviews of the Romanian transition process in much greater length. With the breakdown of the planned economy in 1990, Romania underwent a deep and troubled reform process.…”

Section: Literature Review and Hypothesesmentioning

confidence: 99%

Age driven influence of role‐models on entrepreneurship in a transition economy

Lafuente

Vaillant

2013

Journal of Small Business and Enterprise Development

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PurposeThe purpose of this paper is to examine the differential impact of entrepreneurial role models over entrepreneurial activities at different stages of an individual's life cycle in Romania.Design/methodology/approachTo attain this objective, the paper adopts a socio‐institutional approach to entrepreneurship. The authors carry out a rare‐events logit model using a robust Romanian dataset from 2006 comprising 1,449 individuals.FindingsThe results indicate that the effect of entrepreneurial role models on entrepreneurial activities differs across age groups. The results indicate that for older individuals the positive effect of role models over entrepreneurship is diluted. In contrast, younger individuals, who have been mainly exposed to a market‐based economy, have a more positive societal valuation of entrepreneurial examples, which increases the positive effect that the knowledge of an entrepreneur has on their attitudes towards entrepreneurial activities.Originality/valueThe main contribution of the study lies in the identification of the specific effect that role models have over individuals' level of implication in entrepreneurial activities. This gives ammunition to the argument that, rather than uniform entrepreneurship support programmes, the effective implementation of policies aimed at fostering entrepreneurship should be designed according to the specific profile of the targeted group of beneficiaries. In this case, the implementation of role models as an effective entrepreneurial promotion tool should take into account the differential impact that entrepreneurial examples have over individuals' behaviour towards entrepreneurship.

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Section: Literature Review and Hypothesesmentioning

confidence: 99%

Age driven influence of role‐models on entrepreneurship in a transition economy

Lafuente

Vaillant

2013

Journal of Small Business and Enterprise Development

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“…• Laws for property protection and limitation of nationalisation processes • Fair competition legislation • Laws for consumers protection (Scarlat & Scarlat, 2007). State regulations can produce both 'goods' and 'bads'.…”

Section: Privatisation and Regulation Problems In Transition Economiesmentioning

confidence: 99%

Problems of Privatisation and Regulation in Transition Economies

Reel

2014

International Conference on Eurasian Economies 2014

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In spite of difficulties, most transition economies in the Former Soviet Union (FSU) and Eastern Europe now have private sectors whose relative size is comparable to the private sectors in Western European countries. The transition countries have had very different objectives, but most started privatisation more or less with the same policy, based on the experience of the United Kingdom, although this was soon to change. While most of the Eastern European countries were fast to adopt modern standards and regulations, some FSU countries have lagged behind. Along with a wide range of gains for producers and consumers, there have been drawbacks, such as social polarisation and forms of capture (of business, of the state). Unlike most analysis of transition, which considers major components, this paper looks at the microeconomics of transition, since this involves the creation of markets through the process of privatisation. In general, transition economies have to develop new institutions and polices to support the privatisation and restructuring. In addition to these, they require regulation, which has been under-developed and causes other, different problems, related to the development of new models. Therefore, the need for a new, third phase of transformation is highlighted. New initiatives on labour, capital and regulation issues become vital now in transition economies.

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“…The challenge of moving a totalitarian political system, a planned economy, and a deeply dispirited population towards free markets, democracy, and liberalism proved staggering (Șoproni & Horga, 2015 ; Valsan et al, 2015 ). The sheer complexity of this task had no precedent in history, if we take radical, yet peaceful transitions as a reference point, and discard, of course, the French and the Bolshevik revolutions, which proceeded with unconstrained brutality and bloodshed (Hunya, 1998 ; Iancu, 2010 ; Scarlat & Scarlat, 2007 ). In fact, after 70 years of Soviet-style planning (45 years later in the case of Romania) the transition in post-communist Eastern Europe is literally reversing the Bolshevik revolution with all its economic, political, and social effects.…”

Section: Introductionmentioning

confidence: 99%

The Perception of Economic Growth and the Romanian “Mioritic Syndrome”

et al. 2023

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We evaluate changes in the perception of Romanians about their own economic prosperity and the overall economy during the transition to free markets. We use ten questions from the Life in Transition Survey measuring people’s attitudes and values related to the economic situation, from three successive waves (2006, 2010, and 2016). We first conduct an exploratory factor analysis to identify potential latent constructs within the data. In the second step, we use multi-group confirmatory factor analysis to test whether our measurement is invariant across waves. The results show a relatively stable factorial structure and a relatively complex dynamic. Consistent with previous research, we find a significant disconnect between how individuals perceive the overall economy in contrast to their own well-being, but with a Romanian twist. Most people consider their personal situation is improving; yet, at the same time, they perceive the economy is progressively deteriorating. We contend this perception disconnect is due to a combination of biases, including, but not limited to, availability bias and social contagion. We strongly suspect the culturally embedded lack of social trust, so pervasive in Romania, is also part of the explanation. To our knowledge, this is the first research that systematically investigates the perception of economic development during the transition process in Romania across multiple periods of time. Our findings underscore the challenge this perception disconnects poses to understanding and anticipating public responses to long-term growth strategies and policies. We dub this unique cultural fatalism “the Mioritic Syndrome.”

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Theoretical Aspects of the Economic Transition

Cited by 11 publications

References 31 publications

Age driven influence of role‐models on entrepreneurship in a transition economy

Age driven influence of role‐models on entrepreneurship in a transition economy

Problems of Privatisation and Regulation in Transition Economies

The Perception of Economic Growth and the Romanian “Mioritic Syndrome”

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