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New Challenges For R&D And Innovation In Romania

Author

Listed:
  • Sandu Steliana
  • Irina Anghel

Abstract

Romania is currently facing many difficulties in order to cope with financial and economic crisis as well as to reach the Europe 2020 targets. This paper presents the new challenges faced by Romanian Research, Development and Innovation (RDI) system during the economic recession, its weaknesses and barriers that have hindered the implementation of the R&D structural reforms and delineate some benchmarks for overcoming them. Based on the most recent data and information about the Romanian RDI system, it attempted a qualitative analysis of the main aspects that may delay or stall its effective integration within European Research Area and may diminishing the R&D contribution to a quickly economic recovery. Ignoring the challenges confronting the Romanian research and innovation system, neglecting them in the prioritization of public funds allotment and overlooking effective incentives for increasing the private sector contribution to the RDI funding will keep labeling Romania as “modest innovator†, ranking it among the least in the EU regarding the performance indicators of the field.

Suggested Citation

  • Sandu Steliana & Irina Anghel, 2012. "New Challenges For R&D And Innovation In Romania," Annales Universitatis Apulensis Series Oeconomica, Faculty of Sciences, "1 Decembrie 1918" University, Alba Iulia, vol. 2(14), pages 1-28.
    • Handle: RePEc:alu:journl:v:2:y:2012:i:14:p:28
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    File URL: http://oeconomica.uab.ro/upload/lucrari/1420122/28.pdf
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    References listed on IDEAS

    as
    1. Steliana SANDU & Irina ANGHEL, 2010. "The Interaction Of Policy-Mix Instruments Conducive To Increasing R&D Investment In Romania," Curentul Juridic, The Juridical Current, Le Courant Juridique, Petru Maior University, Faculty of Economics Law and Administrative Sciences and Pro Iure Foundation, vol. 42, pages 149-161, September.
    2. Steliana Sandu, 2010. "Main Issues of R&D Financing in Romania," Romanian Journal of Economics, Institute of National Economy, vol. 30(1(39)), pages 127-145, June.
    3. Steliana Sandu & Gheorghe Zaman & Radu Gheorghiu & Cristina Modoran, 2009. "ERAWATCH Country Report 2008 - An Assessment of Research System and Policies: Romania," JRC Research Reports JRC50208, Joint Research Centre.
    4. Steliana SANDU & Irina ANGHEL, 2010. "An asset-based approach of the Romanian research-development and innovation system," Revista de cercetare si interventie sociala, Editura Lumen, Department of Economics, vol. 29, pages 57-71, June.
    Full references (including those not matched with items on IDEAS)

    Citations

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    Cited by:

    1. Stanciu Silvius, 2018. "Aspects of Innovation and Technology Transfer in Romania," Valahian Journal of Economic Studies, Sciendo, vol. 9(2), pages 95-108, November.

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    More about this item

    Keywords

    challenges for R&D and innovation; Europe 2020 Strategy; Romanian R/D and Innovation system;
    All these keywords.

    JEL classification:

    • O38 - Economic Development, Innovation, Technological Change, and Growth - - Innovation; Research and Development; Technological Change; Intellectual Property Rights - - - Government Policy

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