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Analysis Of The Relationship Between Innovation And Performance. The Case Of Romania Versus The Countries Of Western Europe

Author

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  • Alin-Ionuț Dorobanțu

    (University of Craiova Doctoral School of Economic Sciences Craiova, Romania)

Abstract

The research paper consists in analyzing the relationship between investments in innovation and macroeconomic performance indicators. Recent scientific literature argues that investment in innovation has a direct and positive impact on the performance of an economy. This paper aims to analyze the existence of the link between innovation and performance efforts as well as the analysis of their intensity both in Western European countries and in Romania. The data needed to assess investment in innovation, as well as those related to countries' macroeconomic performance, were selected from both the World Bank website and the OECD website for the period 1991-2018. The research method used involves the analysis of data using regression and correlation, which are calculated using the statistical program SPSS. The study argues that investments in innovation activities can have a positive influence on macroeconomic performance indicators.

Suggested Citation

  • Alin-Ionuț Dorobanțu, 2020. "Analysis Of The Relationship Between Innovation And Performance. The Case Of Romania Versus The Countries Of Western Europe," Annals of University of Craiova - Economic Sciences Series, University of Craiova, Faculty of Economics and Business Administration, vol. 1(48), pages 87-98, August.
    • Handle: RePEc:aio:aucsse:v:1:y:2020:i:48:p:87-98
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    File URL: http://feaa.ucv.ro/AUCSSE/0048v1-008.pdf
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    References listed on IDEAS

    as
    1. Cuma BOZKURT, 2015. "R&D Expenditures and Economic Growth Relationship in Turkey," International Journal of Economics and Financial Issues, Econjournals, vol. 5(1), pages 188-198.
    2. Rana P. Maradana & Rudra P. Pradhan & Saurav Dash & Kunal Gaurav & Manju Jayakumar & Debaleena Chatterjee, 2017. "Does innovation promote economic growth? Evidence from European countries," Journal of Innovation and Entrepreneurship, Springer, vol. 6(1), pages 1-23, December.
    3. Alexandru –Mircea Nedelea & Marilena Mironiuc & Maria Carmen Huian & Mihaela B?rsan & Maria Viorica Bedrule-Grigoruta, 2018. "Modeled Interdependencies between Intellectual Capital, Circular Economy and Economic Growth in the Context of Bioeconomy," The AMFITEATRU ECONOMIC journal, Academy of Economic Studies - Bucharest, Romania, vol. 20(49), pages 616-616, August.
    4. Carmen Elena DOBROTĂ & Nicu MARCU & Marian SIMINICĂ & Lavinia Maria NEȚOIU, 2019. "Disparities, Gaps and Evolution Trends of Innovation, as a Vector of Economic Development, in the Countries of the European Union," Journal for Economic Forecasting, Institute for Economic Forecasting, vol. 0(4), pages 174-184, December.
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    More about this item

    Keywords

    innovation; performance; Romania; Western Europe; regression; correlation;
    All these keywords.

    JEL classification:

    • O3 - Economic Development, Innovation, Technological Change, and Growth - - Innovation; Research and Development; Technological Change; Intellectual Property Rights
    • O1 - Economic Development, Innovation, Technological Change, and Growth - - Economic Development
    • O4 - Economic Development, Innovation, Technological Change, and Growth - - Economic Growth and Aggregate Productivity

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