Correlations between Expenditure and Employees in R&D Activity by Performance Sectors from Romania

Vasilica Ciuca, Daniela Pasnicu, Gabriela Tudose and Mihai Robert Pasnicu
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Vasilica Ciuca: National Scientific Research Institute for Labour and Social Protection
Daniela Pasnicu: National Scientific Research Institute for Labour and Social Protection, Spiru Haret University
Gabriela Tudose: National Scientific Research Institute for Labour and Social Protection
Mihai Robert Pasnicu: Brown University, United States

Romanian Statistical Review, 2016, vol. 64, issue 1, 42-51

Abstract: In the context of increased competition in the recent years, the innovation has become a key factor in economic development through better use of opportunities, capturing new markets and creating high quality jobs. A crucial element for achieving innovation is the R & D, due to the stock of knowledge created at the human, cultural and societal level and its use in designing new applications.In order to manage the funds better in R & D, stimulate competitiveness and attract new funds into R & D, given the target of Europe 2020 Agenda, the paper analyzes the correlation between expenditure and employees in R & D by performance sectors from Romania, and presents a mathematical model which might explain the dynamic of the structure of employees in business sector from R&D. It also considers the impact of the results on the capacity for innovation, economic development and future directions of action to increase investment in R & D, efficient use of intellectual capital and economic specialization.

Keywords: innovation; R&D; expenditure; employment; investment (search for similar items in EconPapers)
JEL-codes: J21 J24 (search for similar items in EconPapers)
Date: 2016
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Citations: View citations in EconPapers (2)

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