Annals of the University of Oradea: Economic Science (Jul 2016)
THE INFLUENCE OF EDUCATION ON THE ENTREPRENEURIAL BEHAVIOUR IN ROMANIA
Abstract
The aim of this paper is to analyze the existence of a correlation between education and the difficulties the Romanian entrepreneur faces. In order to reach this objective we studied specialized literature, which tried to define the entrepreneur, to identify his/her characteristics, behaviour, education, its importance and the link between the entrepreneur and the level of education. In the case study elaborated within this paper we analyzed quantitative variables, expressed as percentages, which describe the entrepreneur’s level of education and the difficulties he/she faces in relation to obtaining contracts and to supply and demand. The data used are annual; they refer to a period of time between 1995 and 2013 and were collected by the Romanian National Institute for Statistics. We used as analysis instruments both Microsoft Excel 2010 and the SPSS 17 statistics programme (Statistical Package for Social Sciences). We elaborated statistical tests which would confirm or contradict the existence of certain tighter or weaker links between the entrepreneur’s education and the difficulties he/she faces. The results have proven the existence of strong positive correlations between the entrepreneurs who face supply and demand difficulties and the primary, secondary and vocational levels of education. In other words, as the number of entrepreneurs with the above-mentioned levels of education increases, so does the number of entrepreneurs who face supply and demand-related difficulties. Things change when the number of entrepreneurs with high school and university education increases because the number of entrepreneurs who face supply and demand-related difficulties decreases. Limited access to credit, lack of technology and raw materials are not correlated with the entrepreneur’s level of education. Moreover, the increase in education level increases the probability that the entrepreneur face difficulties related to the low market price, the fact that the company is not well-known and lack of marketing skills. This research his useful both from a theoretical viewpoint, and from a practical one, offering an answer with regard to the correlation between education and the difficulties the Romanian entrepreneur faces.
