EDUCATION, INNOVATION AND ECONOMIC DEVELOPMENT

Ramona Todericiu and Anca Şerban
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Ramona Todericiu: Lucian Blaga University of Sibiu, Romania
Anca Şerban: Lucian Blaga University of Sibiu, Romania

Studies in Business and Economics, 2016, vol. 11, issue 2, 158-164

Abstract: Innovation is a concept that is more and more often used as a solution for increased competitiveness and economic development, either at organizational level or at a national one, but how is it created and what are the factors involved in the cycle education-innovation- economic and social development? This article intents to clarify the above mentioned cycle and provide an insight on what innovation means and what are its components, especially from a macroeconomic point of view. The results show how important innovation and other components like education are for the national and global economic development.

Keywords: innovation; higher education; competitiveness; economic development (search for similar items in EconPapers)
Date: 2016
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Persistent link: https://EconPapers.repec.org/RePEc:blg:journl:v:11:y:2016:i:2:p:158-164

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