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Correlations between Expenditure and Employees in R&D Activity by Performance Sectors from Romania

Author

Listed:
  • Vasilica Ciuca

    (National Scientific Research Institute for Labour and Social Protection)

  • Daniela Pasnicu

    (National Scientific Research Institute for Labour and Social Protection, Spiru Haret University)

  • Gabriela Tudose

    (National Scientific Research Institute for Labour and Social Protection)

  • Mihai Robert Pasnicu

    (Brown University, United States)

Abstract

In the context of increased competition in the recent years, the innovation has become a key factor in economic development through better use of opportunities, capturing new markets and creating high quality jobs. A crucial element for achieving innovation is the R & D, due to the stock of knowledge created at the human, cultural and societal level and its use in designing new applications.In order to manage the funds better in R & D, stimulate competitiveness and attract new funds into R & D, given the target of Europe 2020 Agenda, the paper analyzes the correlation between expenditure and employees in R & D by performance sectors from Romania, and presents a mathematical model which might explain the dynamic of the structure of employees in business sector from R&D. It also considers the impact of the results on the capacity for innovation, economic development and future directions of action to increase investment in R & D, efficient use of intellectual capital and economic specialization.

Suggested Citation

  • Vasilica Ciuca & Daniela Pasnicu & Gabriela Tudose & Mihai Robert Pasnicu, 2016. "Correlations between Expenditure and Employees in R&D Activity by Performance Sectors from Romania," Romanian Statistical Review, Romanian Statistical Review, vol. 64(1), pages 42-51, March.
    • Handle: RePEc:rsr:journl:v:64:y:2016:i:1:p:42-51
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    References listed on IDEAS

    as
    1. F. M. Scherer, 1986. "Innovation and Growth: Schumpeterian Perspectives," MIT Press Books, The MIT Press, edition 1, volume 1, number 0262691027, December.
    2. Joseph E. Stiglitz, 2014. "Intellectual Property Rights, the Pool of Knowledge, and Innovation," NBER Working Papers 20014, National Bureau of Economic Research, Inc.
    Full references (including those not matched with items on IDEAS)

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    Cited by:

    1. Daniel Adrian Gardan & Ionel Dumitru & Iuliana Petronela Gardan & Irina Elena Andronie & Cristian Uta & Mihai Andronie, 2019. "Integrating the Principles of Green Marketing by Using Big Data. Good Practices," The AMFITEATRU ECONOMIC journal, Academy of Economic Studies - Bucharest, Romania, vol. 21(50), pages 258-258, February.
    2. repec:aud:audfin:v:21:y:2019:i:50:p:258 is not listed on IDEAS

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    More about this item

    Keywords

    innovation; R&D; expenditure; employment; investment;
    All these keywords.

    JEL classification:

    • J21 - Labor and Demographic Economics - - Demand and Supply of Labor - - - Labor Force and Employment, Size, and Structure
    • J24 - Labor and Demographic Economics - - Demand and Supply of Labor - - - Human Capital; Skills; Occupational Choice; Labor Productivity

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