The Entrepreneurship Impact on the Dynamic of Macroeconomic Results

In Romania 70% of the national production is generated by the economy private sector, which is still relatively at a low value compared to the share registered in the developed countries. The economic crisis has affected the entrepreneurship sector quite to a large extent. The main consequences of that circumstance are: the ratio of new businesses founding decrease, the ratio of business liquidation growth. This process was relatively asynchronous with that of the developed European Union countries, but common in the former planned economy countries and the dominance of state property. Based on some comparable data sets, this paper includes an econometric modeling for the new enterprises founding impact on the dynamic of national production, as measured by GDP. The paper's findings may provide a ground for governmental strategies regarding the private sector development and the private economic initiative.