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Education, Innovation And Economic Development


  • TODERICIU Ramona

    (Lucian Blaga University of Sibiu, Romania)

  • ŞERBAN Anca

    (Lucian Blaga University of Sibiu, Romania)


Innovation is a concept that is more and more often used as a solution for increased competitiveness and economic development, either at organizational level or at a national one, but how is it created and what are the factors involved in the cycle education-innovation- economic and social development? This article intents to clarify the above mentioned cycle and provide an insight on what innovation means and what are its components, especially from a macroeconomic point of view. The results show how important innovation and other components like education are for the national and global economic development.

Suggested Citation

  • TODERICIU Ramona & ŞERBAN Anca, 2016. "Education, Innovation And Economic Development," Studies in Business and Economics, Lucian Blaga University of Sibiu, Faculty of Economic Sciences, vol. 11(2), pages 158-164, August.
  • Handle: RePEc:blg:journl:v:11:y:2016:i:2:p:158-164

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