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The Impact of Funding Research and Development Activities through the Core Programme

Author

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  • Mircea-Iosif Rus

    (Babeº-Bolyai University Cluj-Napoca Faculty of Economic Sciences and Business Administration)

Abstract

Funding research has been, after 1989, a thorny issue in Romania. Regardless of the value of the funds allocated from the GDP for funding this activity, they proved insufficient compared to the needs for research. One solution for funding this activity is the Core Programme. This programme sought to provide a source of funding for the research activity of the National Institutes of Research and Development (INCD), especially for fundamental research. Although the value allocated from the State Budget for this activity is around 10%, we must make note of the fact that in certain research fields, the amounts allocated through this programme are essentially important. Funding through this programme represents a starting point for the respective entities, as the results obtained from fundamental research could be the basis for research agreements with economic entities in the private sector.

Suggested Citation

  • Mircea-Iosif Rus, 2015. "The Impact of Funding Research and Development Activities through the Core Programme," Ovidius University Annals, Economic Sciences Series, Ovidius University of Constantza, Faculty of Economic Sciences, vol. 0(2), pages 552-555, May.
  • Handle: RePEc:ovi:oviste:v:xv:y:2015:i:2:p:552-555
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    More about this item

    Keywords

    funding; research activity; Core Programme; fundamental research; national institute of research and development;
    All these keywords.

    JEL classification:

    • G23 - Financial Economics - - Financial Institutions and Services - - - Non-bank Financial Institutions; Financial Instruments; Institutional Investors
    • G33 - Financial Economics - - Corporate Finance and Governance - - - Bankruptcy; Liquidation
    • O30 - Economic Development, Innovation, Technological Change, and Growth - - Innovation; Research and Development; Technological Change; Intellectual Property Rights - - - General
    • O32 - Economic Development, Innovation, Technological Change, and Growth - - Innovation; Research and Development; Technological Change; Intellectual Property Rights - - - Management of Technological Innovation and R&D

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