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New Challenges For R&D And Innovation In Romania

Listed author(s):
  • Sandu Steliana

    (Institute of National Economy of the Romanian Academy Romania)

  • Irina Anghel

    (PhD Student Romanian Academy)

Romania is currently facing many difficulties in order to cope with financial andeconomic crisis as well as to reach the Europe 2020 targets. This paper presents the new challengesfaced by Romanian Research, Development and Innovation (RDI) system during the economicrecession, its weaknesses and barriers that have hindered the implementation of the R&D structuralreforms and delineate some benchmarks for overcoming them. Based on the most recent data andinformation about the Romanian RDI system, it attempted a qualitative analysis of the main aspectsthat may delay or stall its effective integration within European Research Area and may diminishingthe R&D contribution to a quickly economic recovery. Ignoring the challenges confronting theRomanian research and innovation system, neglecting them in the prioritization of public fundsallotment and overlooking effective incentives for increasing the private sector contribution to theRDI funding will keep labeling Romania as ‘modest innovator‘, ranking it among the least in theEU regarding the performance indicators of the field.

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Article provided by Faculty of Sciences, "1 Decembrie 1918" University, Alba Iulia in its journal Annales Universitatis Apulensis Series Oeconomica.

Volume (Year): 2 (2012)
Issue (Month): 14 ()
Pages: 1-28

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Handle: RePEc:alu:journl:v:2:y:2012:i:14:p:28
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References listed on IDEAS
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  1. Steliana SANDU & Irina ANGHEL, 2010. "The Interaction Of Policy-Mix Instruments Conducive To Increasing R&D Investment In Romania," Curentul Juridic, The Juridical Current, Le Courant Juridique, Petru Maior University, Faculty of Economics Law and Administrative Sciences and Pro Iure Foundation, vol. 42, pages 149-161, September.
  2. Steliana Sandu, 2010. "Main Issues of R&D Financing in Romania," Romanian Journal of Economics, Institute of National Economy, vol. 30(1(39)), pages 127-145, June.
  3. Steliana SANDU & Irina ANGHEL, 2010. "An asset-based approach of the Romanian research-development and innovation system," Revista de cercetare si interventie sociala, Editura Lumen, Department of Economics, vol. 29, pages 57-71, June.
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