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Turning ideas into money. Which ideas and whom money?

Author

Listed:
  • Andreea Vass

    (Institute of National Economy, Romanian Academy)

Abstract

Romania plays no part in the world technological race. In the last three decades, we have lost the technological leadership role in the oil industry, simply because the communist regime was reluctant to encourage the growth of information technology in general, and personal computers in particular. Sadly, we failed to close the technological gap in the post-communist era. Only one in five Romanian companies currently introduces a new product, service, technology, etc., or brings about innovative business practices. This rate represents half of the European average. We are lagging one decade behind the Czech Republic and Estonia, and two decades behind the rest of the European Union.We did find, however, a number of successful initiatives, rewarded at international innovation and trade shows. Unfortunately, the overall picture is rather bleak; this paper suggests a series of possible solutions aimed at improving it.

Suggested Citation

  • Andreea Vass, 2009. "Turning ideas into money. Which ideas and whom money?," The AMFITEATRU ECONOMIC journal, Academy of Economic Studies - Bucharest, Romania, vol. 11(25), pages 181-188, February.
    • Handle: RePEc:aes:amfeco:v:11:y:2009:i:25:p:181-188
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    More about this item

    Keywords

    technological change; R&D; business innovation; fiscal incentives;
    All these keywords.

    JEL classification:

    • O31 - Economic Development, Innovation, Technological Change, and Growth - - Innovation; Research and Development; Technological Change; Intellectual Property Rights - - - Innovation and Invention: Processes and Incentives
    • O38 - Economic Development, Innovation, Technological Change, and Growth - - Innovation; Research and Development; Technological Change; Intellectual Property Rights - - - Government Policy

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