STRUCTURE AND DYNAMICS RESEARCH AND DEVELOPMENT EXPENSES IN ROMANIA

Cornelia Tomescu-Dumitrescu
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Cornelia Tomescu-Dumitrescu: University „Constantin Brancusi”, Targu Jiu, Romania

Journal of Financial and Monetary Economics, 2016, vol. 3, issue 1, 36-40

Abstract: Scientific research is a systematic and creative activity aimed to increase the volume of knowledge, including knowledge of man, culture and use this knowledge for new applications. The concept of research is known and used today under the name of research and development. Engine development for any country, whether economic or social, is the research, development and innovation. The common concern of all countries for science and scientific research appears in recognition of their role in ensuring the welfare and human civilization. Research and development in Romania over the last 20 years could be considered a true,, Cinderella "of the national economy because either they have been allocated insufficient funds or when receiving a larger amount of funds, budgetary rectifications were taken large sums of money from the research budget.

Keywords: scientific research; innovation; research budget (search for similar items in EconPapers)
JEL-codes: H52 I26 (search for similar items in EconPapers)
Date: 2016
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