THE DYNAMICS OF R&D ACTIVITIES IN ROMANIA WITHIN THE EUROPEAN CONTEXT

Victor Lavric

Proceedings of the INTERNATIONAL MANAGEMENT CONFERENCE, 2012, vol. 6, issue 1, 648-654

Abstract: This study examines the evolution of R&D activities in Romania through a complex structural analisys. By linking the R&D intensity and the level of economic development, we came with a new clasification of states in the EU, thus generating a framework for a pragmatic analisys of the Romania’s situation in the European contex. Also, we studied the dynamics of the R&D activities in Romania over the 2005-2010 period in a comprehensive structural approach (types of research, sectors of performance, funding), focusing on the way this tendancies are helping Romania’s real convergence to the EU average. In our attempt to tackle the root causes of the deficiences we have identified, the analisys went forward, approaching the isues of cooperation and colaboration of SMEs in performing R&D activities. In order to catch up, Romania has to invest masively in R&D, because, as the new economy emerges – the knowledge-based economy – the sources and resources for future developments will fundamentaly rely on the capacity of organisations, and the society as a whole, to generate knowledge with economic value. Our results ephasize that the economic development and wealth creation are positively correlated with the amount of gross R&D expenses, thus underlineing that in order to stimulate the overall R&D activities, the prior actions must adress the private sectors. Also, the governmental intentives should target the needs and characteristics of SMEs.

Keywords: Knowledge-based economy; European Union; R&D; SMEs. (search for similar items in EconPapers)
Date: 2012
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Citations: View citations in EconPapers (5)

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Persistent link: https://EconPapers.repec.org/RePEc:rom:mancon:v:6:y:2012:i:1:p:648-654

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