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The Impact Of R&D Investment On Productivity

Author

Listed:
  • Steliana Sandu

    (Institute of National Economy, Bucharest, Romania)

  • Cristina Modoran

    (Institute of National Economy, Bucharest, Romania)

Abstract

In the context of the national and European efforts directed to increasing ofR&D investment up to 3% of GDP, the debate on the effects of R&D investment has receiveda new impetus last time. Starting from theoretical and methodological approaches found inthe current scientific literature regarding this issue, the paper is focused on the empiricalanalysis of the effect of R&D investment on total factor productivity in Romania for the period1996-2006. The results obtained, in line with current research results in Romania or abroad,could be taken into consideration in political decision of R&D investment and in findingappropriate economic measures aiming to stimulate business R&D investment.

Suggested Citation

  • Steliana Sandu & Cristina Modoran, 2008. "The Impact Of R&D Investment On Productivity," Annales Universitatis Apulensis Series Oeconomica, Faculty of Sciences, "1 Decembrie 1918" University, Alba Iulia, vol. 2(10), pages 1-18.
  • Handle: RePEc:alu:journl:v:2:y:2008:i:10:p:18
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    File URL: http://oeconomica.uab.ro/upload/lucrari/1020082/18.pdf
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    References listed on IDEAS

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    1. Dominique Guellec & Bruno Van Pottelsberghe de la Potterie, 2004. "From R&D to Productivity Growth: Do the Institutional Settings and the Source of Funds of R&D Matter?," Oxford Bulletin of Economics and Statistics, Department of Economics, University of Oxford, vol. 66(3), pages 353-378, July.
    2. Hulya Ulku, 2007. "R&D, innovation, and growth: evidence from four manufacturing sectors in OECD countries," Oxford Economic Papers, Oxford University Press, vol. 59(3), pages 513-535, July.
    3. Carol Corrado & John Haltiwanger & Dan Sichel, 2005. "Measuring Capital in the New Economy," NBER Books, National Bureau of Economic Research, Inc, number corr05-1.
    4. Rachel Griffith & Stephen Redding & John Van Reenen, 2004. "Mapping the Two Faces of R&D: Productivity Growth in a Panel of OECD Industries," The Review of Economics and Statistics, MIT Press, vol. 86(4), pages 883-895, November.
    5. Dominique Guellec & Bruno van Pottelsberghe de la Potterie, 2003. "R&D and Productivity Growth: Panel Data Analysis of 16 OECD Countries," OECD Economic Studies, OECD Publishing, vol. 2001(2), pages 103-126.
    6. Hulya Ulku, 2004. "R&D, Innovation, and Economic Growth; An Empirical Analysis," IMF Working Papers 04/185, International Monetary Fund.
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    Citations

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    Cited by:

    1. Zizi Goschin & Georgiana-Gloria Goschin, 2014. "R&D and Regional Regeneration. The Case of Alba Subregion in Romania," ERSA conference papers ersa14p584, European Regional Science Association.
    2. Zizi goschin, 2014. "R&D As An Engine Of Regional Economic Growth In Romania," Romanian Journal of Regional Science, Romanian Regional Science Association, vol. 8(1), pages 24-37, JUNE.

    More about this item

    Keywords

    R&D stock; R&D spillover; R&D effect on TPF;

    JEL classification:

    • O52 - Economic Development, Innovation, Technological Change, and Growth - - Economywide Country Studies - - - Europe
    • O41 - Economic Development, Innovation, Technological Change, and Growth - - Economic Growth and Aggregate Productivity - - - One, Two, and Multisector Growth Models
    • P40 - Economic Systems - - Other Economic Systems - - - General

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