The Romanian Research-Development System - An Overview in Global Context

Madalina Tocan

Global Economic Observer, 2023, vol. 11, issue 1, 84-91

Abstract: Research, development and innovation play an important role in ensuring sustainable economic growth. By producing new knowledge, research is essential to the development of new and innovative products, processes and services that contribute to increased productivity, industrial competitiveness and ultimately prosperity. For this reason, the encouragement of the research-development and innovation activities has become now an extremely important imperative of the modern socio-economic and technological policies in developed and less developed countries. The main objective of the present paper is to highlight Romania’s performance in the field while presenting the strengths and weaknesses of the national RDI system. In order to achieve the proposed objective, our methodology uses both descriptive and explanatory research. Our research methodology includes a comparative analysis based on Global Innovation Index and other indexes (mentioned in the paper). The analysis of the Global Innovation Index shows that the existing research-development-innovation system in Romania is not able to ensure overcoming the condition of being an emerging innovator, due to some of its weaknesses. Thus, our main finding shows that Romania has untapped potential in the field of RDI, and the current poor performance reflects negatively on the country's competitiveness and long-term growth prospects.

Keywords: : innovation; research; development; Romania; innovation performance; research efficiency (search for similar items in EconPapers)
JEL-codes: D80 O10 O30 O39 (search for similar items in EconPapers)
Date: 2023-05
References: View references in EconPapers View complete reference list from CitEc
Citations:

Downloads: (external link)
http://www.globeco.ro/wp-content/uploads/vol/split ... ol11_no1_art_009.pdf First version, 2023 (application/pdf)

Related works:
This item may be available elsewhere in EconPapers: Search for items with the same title.

Export reference: BibTeX RIS (EndNote, ProCite, RefMan) HTML/Text

Persistent link: https://EconPapers.repec.org/RePEc:ntu:ntugeo:vol11-iss1-84-91

Access Statistics for this article

Global Economic Observer is currently edited by Serghei Margulescu and Simona Moagar-Poladian

More articles in Global Economic Observer from "Nicolae Titulescu" University of Bucharest, Faculty of Economic Sciences Contact information at EDIRC., Institute for World Economy of the Romanian Academy
Bibliographic data for series maintained by Stefan Ciucu ( this e-mail address is bad, please contact ).