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Innovations and Economic Growth in Romania - Current State and Perspectives

In: International Conference Globalization, Innovation and Development. Trends and Prospects (G.I.D.T.P.)

Author

Listed:
  • Vinko Kandzija

    (Libertas International University, Zagreb, Croatia)

  • Marko Tomljanovic

    (University of Rijeka, Faculty of Economics and Business, Rijeka, Croatia)

  • Tomislav Kandzija

    (Rijeka, Croatia)

Abstract

Romania became a member of the EU in 2007 and thus gained the preconditions for achieving economic growth and long-term stability. Romania has not fully exploited all benefits of EU membership and is still in the group of the least developed member states. However, recent reports points to accelerated economic growth and improvement of economic performances of Romanian economy. In current situation, special emphasis should be placed on further stimulation of investments in research and development and their products. Such an orientation will result in achieving economic growth and improvement of the national competitiveness.

Suggested Citation

  • Vinko Kandzija & Marko Tomljanovic & Tomislav Kandzija, 2020. "Innovations and Economic Growth in Romania - Current State and Perspectives," Book chapters-LUMEN Proceedings, in: Ioana PANAGORET & Gabriel GORGHIU (ed.), International Conference Globalization, Innovation and Development. Trends and Prospects (G.I.D.T.P.), edition 1, volume 10, chapter 14, pages 116-125, Editura Lumen.
    • Handle: RePEc:lum:prchap:10-14
    DOI: https://doi.org/10.18662/lumproc/gidtp2018/14
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    References listed on IDEAS

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    More about this item

    Keywords

    economic growth; innovation; Romania; research; development;
    All these keywords.

    JEL classification:

    • F6 - International Economics - - Economic Impacts of Globalization
    • O1 - Economic Development, Innovation, Technological Change, and Growth - - Economic Development
    • O3 - Economic Development, Innovation, Technological Change, and Growth - - Innovation; Research and Development; Technological Change; Intellectual Property Rights
    • I2 - Health, Education, and Welfare - - Education
    • D8 - Microeconomics - - Information, Knowledge, and Uncertainty

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