Transformations  in
Business & Economics

A PERSPECTIVE ON THE ECONOMIC ECOSYSTEM OF CONSTANTA COUNTY
Norina Popovici, Elena Condrea, Elena Bautu, Ionela Florea Munteanu, Corina Aurora Marin Barbu

ABSTRACT. In this article, starting from several indicators that provide an overview of the economic ecosystem of Constanta County, we analyze their evolution in the period 2000-2019, the existence of change points and the influences between these data series. We verified several hypotheses and formulated models that explain the variability of the data. Our conclusions emphasize the importance that tourism has on the economical development of Constanta County. Since the welfare of the county in the studied years, measured in terms of Gross Domestic Product, is found to be inversely correlated to the degree of entrepreneurship recorded expressed as personal businesses and family associations, this raises concerns regarding the overall conditions for local businesses. It is interesting to note that the number of graduates in a year leaves its mark on the economic ecosystem only in 2, 3, 5 years. Changing something takes time, stability and continuity in our decisions and actions.

KEYWORDS:  GDP, entrepreneurs, graduates, correlation analysis, regression models.

JEL classification:  O0, O1, C1, C4, C5.