Analysis of the Innovation Impact on Romanian Competitiveness. The Effectiveness of the EU Funds and Public R&D Expenditures

Cristina Drumea

Ovidius University Annals, Economic Sciences Series, 2012, vol. XII, issue 3, 18

Abstract: This paper pursues to find whether there is a correlation between the funds spent for innovation and the general Romanian competitiveness in the global economy. We also propose that the number of patent applications by Romanian economic actors is the only pertinent metric for the respective expenditure effectiveness. We check a number of databases from Patent registration establishments (OSIM, EPO and WIPO) for the patent applications and we rely on the official report issued by the Romanian Government concerning the public expenditure to improve innovation processes. We find there is no direct correlation between the two, leading to the suggested conclusion that the public funding in not attaining its stated objectives, as not effectively or/and not efficiently allotted.

Keywords: Innovation; Competitiveness (search for similar items in EconPapers)
JEL-codes: O32 O34 (search for similar items in EconPapers)
Date: 2012
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