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Analysis of the Innovation Impact on Romanian Competitiveness. The Effectiveness of the EU Funds and Public R&D Expenditures

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  • Drumea Cristina

    (University Transilvania of Brasov)

Abstract

This paper pursues to find whether there is a correlation between the funds spent for innovation and the general Romanian competitiveness in the global economy. We also propose that the number of patent applications by Romanian economic actors is the only pertinent metric for the respective expenditure effectiveness. We check a number of databases from Patent registration establishments (OSIM, EPO and WIPO) for the patent applications and we rely on the official report issued by the Romanian Government concerning the public expenditure to improve innovation processes. We find there is no direct correlation between the two, leading to the suggested conclusion that the public funding in not attaining its stated objectives, as not effectively or/and not efficiently allotted.

Suggested Citation

  • Drumea Cristina, 2012. "Analysis of the Innovation Impact on Romanian Competitiveness. The Effectiveness of the EU Funds and Public R&D Expenditures," Ovidius University Annals, Economic Sciences Series, Ovidius University of Constantza, Faculty of Economic Sciences, vol. 0(3), pages 1-18, Decembre.
    • Handle: RePEc:ovi:oviste:v:xii:y:2012:i:3:p:18
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    More about this item

    Keywords

    Innovation; Competitiveness;

    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
    • O34 - Economic Development, Innovation, Technological Change, and Growth - - Innovation; Research and Development; Technological Change; Intellectual Property Rights - - - Intellectual Property and Intellectual Capital

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