CONNECTIONS BETWEEN FOREIGN DIRECT INVESTMENTS AND RESEARCH-DEVELOPMENTINNOVATION ACTIVITY

Camelia Milea

Studii Financiare (Financial Studies), 2015, vol. 19, issue 1, 102-120

Abstract: Foreign direct investments represent one of the ways of financing any economy. But as any funding source, it has advantages and disadvantages for the host country. In this article, I begin by clarifying the concepts of direct foreign investments and research, development and innovation. Then, I intend to present, based on the analysis and synthesis of the economic literature, the positive and negative effects of foreign direct investments on the activity of research - development - innovation, highlighting, based on interpretations, the correlations among them. The analysis shows that the relationship between foreign direct investments and the research development - innovation activity is complex and bidirectional. Another ideas developed in the article consist in the assessment of Romania's position regarding the research - development – innovation activity and in the presentation of the measures taken in Romania in order to reach the targets of the Europe 2020 strategy. Noting modest results in terms of research intensity in Romania, I suggest some measures aimed at stimulating research, development and innovation in our country.

Keywords: foreign investors; technology; competitiveness; economic development; interdependences; effects (search for similar items in EconPapers)
JEL-codes: F21 F23 O31 O32 (search for similar items in EconPapers)
Date: 2015
References: View references in EconPapers View complete reference list from CitEc
Citations: View citations in EconPapers (1)

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