ANALYSIS OF THE RELATIONSHIP BETWEEN INNOVATION AND PERFORMANCE. THE CASE OF ROMANIA VERSUS THE COUNTRIES OF WESTERN EUROPE

Alin-Ionuț Dorobanțu
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Alin-Ionuț Dorobanțu: University of Craiova Doctoral School of Economic Sciences Craiova, Romania

Annals of University of Craiova - Economic Sciences Series, 2020, vol. 1, issue 48, 87-98

Abstract: The research paper consists in analyzing the relationship between investments in innovation and macroeconomic performance indicators. Recent scientific literature argues that investment in innovation has a direct and positive impact on the performance of an economy. This paper aims to analyze the existence of the link between innovation and performance efforts as well as the analysis of their intensity both in Western European countries and in Romania. The data needed to assess investment in innovation, as well as those related to countries' macroeconomic performance, were selected from both the World Bank website and the OECD website for the period 1991-2018. The research method used involves the analysis of data using regression and correlation, which are calculated using the statistical program SPSS. The study argues that investments in innovation activities can have a positive influence on macroeconomic performance indicators.

Keywords: innovation; performance; Romania; Western Europe; regression; correlation (search for similar items in EconPapers)
JEL-codes: O1 O3 O4 (search for similar items in EconPapers)
Date: 2020
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Persistent link: https://EconPapers.repec.org/RePEc:aio:aucsse:v:1:y:2020:i:48:p:87-98

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