NEW CHALLENGES FOR R&D AND INNOVATION IN ROMANIA
Journal Title: Annales Universitatis Apulensis series Oeconomica - Year 2012, Vol 14, Issue 2
Abstract
Romania is currently facing many difficulties in order to cope with financial and economic crisis as well as to reach the Europe 2020 targets. This paper presents the new challenges faced by Romanian Research, Development and Innovation (RDI) system during the economic recession, its weaknesses and barriers that have hindered the implementation of the R&D structural reforms and delineate some benchmarks for overcoming them. Based on the most recent data and information about the Romanian RDI system, it attempted a qualitative analysis of the main aspects that may delay or stall its effective integration within European Research Area and may diminishing the R&D contribution to a quickly economic recovery. Ignoring the challenges confronting the Romanian research and innovation system, neglecting them in the prioritization of public funds allotment and overlooking effective incentives for increasing the private sector contribution to the RDI funding will keep labeling Romania as “modest innovator”, ranking it among the least in the EU regarding the performance indicators of the field.
Authors and Affiliations
Sandu Steliana, Anghel Irina
Keywords
Related Articles
- EP ID EP156374
- DOI -
- Views 98
- Downloads 0
ANALYSIS TO INSTRUMENTS OF MONETARY POLICY USED BY NATIONAL BANK OF ROMANIA STARTING WITH 1990 IN THE CONTEXT OF EUROPEAN UNION INTEGRATION
The monetary policy play an important part to promotion and maintenance of economical growth, especially in countries of transition; this has become essential to adjusting the economic equilibriums, presented within thes...
ENTREPRENEURIAL RISK AND PERFORMANCE: EMPIRICAL EVIDENCE OF ROMANIAN AGRICULTURAL HOLDINGS
The paper analyses some performance aspects in the significant holdings of Romania agriculture sector. Using the financial analysis tools and information provisioned by the statistical support of companies, we intended...
THE DEGREE OF PARTICIPATION IN THE GLOBAL MARKET – A FINANCIAL MARKETS GLOBALISATION CRITERION
We can measure the globalisation tendency of financial markets by means of several criteria - the degree of financial openness, the degree of financial integration and the degree of participation in the global financial...
THE VALUE RELEVANCE OF EARNINGS IN A TRANSITION ECONOMY: EVIDENCE FROM ROMANIAN STOCK MARKET
The paper examines the value relevance of accounting information in Romanian capital market between 2005 and 2010. Value relevance can be interpreted as the usefulness of accounting data for decision making process of in...
GRI COMPLIANCE AND PREREQUISITES OF INTEGRATED REPORTING FOR ASIAN-PACIFIC COMPANIES
Corporate reporting in recent times faces a series of challenges as companies are expected to reassess their strategy for information disclosure. Within a global economic environment that is continuously evolving, ther...