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Demand and Supply of R&D in Business and State Sector in Bulgaria

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  • Rossitsa Chobanova

Abstract

The study discusses the problem of determining the levels and trends in supply and demand for research and development (R&D) in Bulgaria as a problem of the modern market development of the knowledge economy. To solve this problem an own approach of positioning indicators for R&D as indicators of demand and supply in general and by institutional sectors is applied. The results achieved prove that the supply and demand for R&D in the government and the business sectors are still low and lagging behind the observed period 2000-2011/2012, despite the sharp increase in funding for these activities from abroad after 2010. The paper brings arguments that the latter is accompanied by a reduction in funding from the state and business, leading to a significant change in the supply of R&D – now mainly business has the resources for them. At the same time there is an increase of the imbalance between financing R&D and their results by institutional sectors. The conclusion is that this imbalance and the low level associated with suggest radical change in science and innovation policy. Some parameters of this change are set.

Suggested Citation

  • Rossitsa Chobanova, 2014. "Demand and Supply of R&D in Business and State Sector in Bulgaria," Economic Studies journal, Bulgarian Academy of Sciences - Economic Research Institute, issue 3, pages 3-32.
    • Handle: RePEc:bas:econst:y:2014:i:3:p:3-32
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    References listed on IDEAS

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    1. Rossitsa Chobanova, 2014. "ERAWATCH Country Reports 2012: Bulgaria," JRC Research Reports JRC83953, Joint Research Centre.
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    Cited by:

    1. Irena Zareva & Alla Kirova, 2021. "Academia-Business Cooperation in Bulgaria: Problems and Progress Possibilities," Economic Studies journal, Bulgarian Academy of Sciences - Economic Research Institute, issue 2, pages 3-21.

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    More about this item

    JEL classification:

    • O32 - Economic Development, Innovation, Technological Change, and Growth - - Innovation; Research and Development; Technological Change; Intellectual Property Rights - - - Management of Technological Innovation and R&D
    • O33 - Economic Development, Innovation, Technological Change, and Growth - - Innovation; Research and Development; Technological Change; Intellectual Property Rights - - - Technological Change: Choices and Consequences; Diffusion Processes
    • O38 - Economic Development, Innovation, Technological Change, and Growth - - Innovation; Research and Development; Technological Change; Intellectual Property Rights - - - Government Policy

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