SUSTAINABILITY OF ECONOMIC MEASURES IN ROMANIA DURING COVID 19 CRISIS

Traian Ionut Luca. Babes Bolyai University, Faculty of Business, Cluj-Napoca, Romania
Eivind Arne Fauskanger, University of South-Eastern Norway, USN School of Business, Norway

Published in

REVIEW OF BUSINESS RESEARCH
Volume 21, Issue 1, p33-41, October 2021

ABSTRACT

An overview of economic aid measures adopted by Romanian Government during the Covid 19 pandemic is presented. Measures implemented by Government Ordinance 130 issued in 2020 are analyzed in detail with an emphasis on investment grants. Updates of the evaluation criteria are analyzed and discussed and a hypothesis that co-financing percentage represents the only differentiation criterion is formulated. Data associated to investment grants submitted in the North-West Region of Romania are analyzed using some statistical techniques. Conclusions drawn from this analysis are validating the hypothesis. Sustainability of investment grants subsidies and behavior of entrepreneurs and authorities are discussed.

Keywords

subsidies, investment grants, sustainability, statistical hypothesis, Pearson Chi-Square test.


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