EIB Working Papers 2019/08 - Investment : What holds Romanian firms back? (Volume 2019/8)

• Tác giả: Constantin Catalin Dumitrescu, European Investment Bank, Rozalia Pal, Amalia Stamate, Patricia Wruuck
• Ngôn ngữ: eng
• Thông tin xuất bản: European Investment Bank, 2019
• Bộ sưu tập: Tài liệu truy cập mở
• ID: 222825
• Chủ đề: 1. Finance

Tóm tắt

In Romania, the share of firms carrying out investment is amongst the lowest in the European Union. This is despite strong economic growth in recent years and persistent needs for upgrading the capital stock in the country. This paper draws on information from two surveys - the EIB Investment Survey and a survey on access to finance conducted by the National Bank of Romania - to analyse the reasons for this subdued corporate investment activity. It also contributes to the debate on why investment in central, eastern and south eastern Europe has remained relatively subdued after the crisis.