Online ISSN 2286-0266
Print ISSN 1223-0685
© 2022 Œconomica by ASE & SOREC
 
Cristina Mariana ENE (VASILE)
Academia de Studii Economice din Bucureşti
The author starts from the notion of a deterministic, causality-based model with which we may analyse phenomena of the Romanian economy that finds itself under the impact of a couple of crises. The two years of pandemic have generated numerous dysfunctions and imbalances on various integrated markets. As we survey the Romanian business environment, their impact is visible. Emphasis is put on the pressure of certain crises pertaining to a range of factors such as: the pandemic, the workforce, energy, finances etc., which lead to unemployment, inflation, bankruptcy and the decline of the quality of life. At the heart of the paper, we analyse the impact of the energy crisis upon the business environment, public institutions and population. The network of interconnected negative effects is highlighted through the state of entrepreneurial failure. At the conclusion of this paper, the effects that lead to the reduction of the quality of life in Romania are underscored.

ŒCONOMICA no. 4/2021
Keywords: pandemic crisis, energy crisis, cost of utilities, bankruptcy, unemployment, inflation, investment
JEL: A12, D21, M13, M21
Energy Crisis and Entrepreneurial Failure [Criza energetică şi eşecul antreprenorial]