Innovations and Economic Growth in Romania - Current State and Perspectives

Vinko Kandzija (), Marko Tomljanovic () and Tomislav Kandzija ()
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Vinko Kandzija: Libertas International University, Zagreb, Croatia
Marko Tomljanovic: University of Rijeka, Faculty of Economics and Business, Rijeka, Croatia
Tomislav Kandzija: Rijeka, Croatia

Chapter 14 in International Conference Globalization, Innovation and Development. Trends and Prospects (G.I.D.T.P.), 2020, vol. 10, pp 116-125 from Editura Lumen

Abstract: Romania became a member of the EU in 2007 and thus gained the preconditions for achieving economic growth and long-term stability. Romania has not fully exploited all benefits of EU membership and is still in the group of the least developed member states. However, recent reports points to accelerated economic growth and improvement of economic performances of Romanian economy. In current situation, special emphasis should be placed on further stimulation of investments in research and development and their products. Such an orientation will result in achieving economic growth and improvement of the national competitiveness.

Keywords: economic growth; innovation; Romania; research; development (search for similar items in EconPapers)
JEL-codes: D8 F6 I2 O1 O3 (search for similar items in EconPapers)
Date: 2020
ISBN: 978-1-910129-23-4
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Persistent link: https://EconPapers.repec.org/RePEc:lum:prchap:10-14

DOI: 10.18662/lumproc/gidtp2018/14

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