Revista OEconomica

Mara Andreea TUDOR - Showering for Instagram: Performative Hygiene and the Environmental Externalities of Social Media in Europe

Cătălin MURARAŞU - Offshore Renewable Energy in the Black Sea: Emerging Opportunities and Challenges

Ramona Iulia DIEACONESCU, Maria GHEORGHE (NIŢU) - Circular Economy and Supply Resilience of Critical Raw Materials in the European Union

Sorin-Nicolae CURCĂ - Synergic Effects of a (Possible) European Fiscal Union

Revista ŒCONOMICA - Book Review: From Cantillon and Kirzner to O'Driscoll and Rizzo – the collection of the National Bank of Romania, from Curtea Veche Publishing House, offers a triple journey into the history of economic thought

Articles on Issue Theme

Marius-Cristian PANĂ

Academia de Studii Economice din Bucureşti

Nowadays it becomes obvious that entrepreneurship and economic performance are closely linked. We must admit that some economies tend to grow faster than others if the institutional structure is in favour of the market-oriented entrepreneurship. From the institutional perspective, the prosperity is the effect of social institutions that guide human action. This paper concludes that institutions are the ultimate argument that we need in order to explain why some nations are rich while most remain poor.