Financing of Research Activity from Private vs. Governmental in Romania

Rus Mircea-Iosif ()
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Rus Mircea-Iosif: “Babes Bolyai†University of Cluj-Napoca

Ovidius University Annals, Economic Sciences Series, 2018, vol. XVIII, issue 1, 505-509

Abstract: The research-development activity is an important compound within an economy. Therefore,this activity must be financed accordingly, both from sources from the state budget (governmentsources) and from private sources. Although, the finality of this activity is mostly to write articles,studies and to present the results at scientific events, this are ultimately the ground for innovationwhich leads to new or improved products. Let us not forget that the great discoveries of the worldwere based, in one form or another, on a research activity.

Keywords: government sources; private sources; fundamental research; applied research; experimental development (search for similar items in EconPapers)
JEL-codes: G32 G39 O32 O39 (search for similar items in EconPapers)
Date: 2018
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Persistent link: https://EconPapers.repec.org/RePEc:ovi:oviste:v:xviii:y:2018:i:1:p:505-509

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