Aspects regarding the contribution of research and technical progress at GDP’s growth
AbstractThe work paper aims to point out the importance of the new technologies like factor of economic development. The new technologies represent the base of competitive advantage at micro and macro level. Those countries that support research could achieve higher GDP, which is an important issue. In the first part of the paper we would like to point out the importance of technical progress and innovations at GDP’s growth, presenting the relation between investments and the aggregated function of production. The last part of the work paper is an analyse of Romania’s situation in the context of European integration from the point of view of investments in the component of informational technology – transformation factor of an economic and social system.
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Bibliographic InfoPaper provided by University Library of Munich, Germany in its series MPRA Paper with number 16533.
Date of creation: 11 Jul 2008
Date of revision: 01 Aug 2008
labour force; research; investments; innovation; GDP;
Find related papers by JEL classification:
- F00 - International Economics - - General - - - General
- F43 - International Economics - - Macroeconomic Aspects of International Trade and Finance - - - Economic Growth of Open Economies
Please report citation or reference errors to , or , if you are the registered author of the cited work, log in to your RePEc Author Service profile, click on "citations" and make appropriate adjustments.:
- Adrienn CZARL & Maria BELOVECZ, 2007. "Role of Research and Development in the 21st Century," Informatica Economica, Academy of Economic Studies - Bucharest, Romania, vol. 0(4), pages 25-28.
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