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Industrial R&D Investment In Eu: Recent Trends And Lessons For Romania

Author

Listed:
  • Gheorghe ZAMAN

    (Institute of National Economy, Romanian Academy)

  • Zizi Goschin

    (Institute of National Economy, Romanian Academy)

Abstract

R&D and innovation are broadly acknowledged as the main drivers of an economy's competitiveness and growth and the measures to encourage investment in research are a central part of economic policies. This paper addresses the question of R&D investment by the private sector and aims at investigating its economic effects in terms of profit and net sales increase R&D investment, industry, EUfor the top 1000 R&D industrial investors based in the EU.

Suggested Citation

  • Gheorghe ZAMAN & Zizi Goschin, 2012. "Industrial R&D Investment In Eu: Recent Trends And Lessons For Romania," Romanian Journal of Economics, Institute of National Economy, vol. 34(1(43)), pages 68-83, June.
    • Handle: RePEc:ine:journl:v:1:y:2012:i:43:p:68-83
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    References listed on IDEAS

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    1. Amaresh K. Tiwari & Pierre Mohnen & Franz C. Palm & Sybrand Schim Loeff, 2008. "Financial Constraint and R&D Investment: Evidence from CIS," Palgrave Macmillan Books, in: Cees Beers & Alfred Kleinknecht & Roland Ortt & Robert Verburg (ed.), Determinants of Innovative Behaviour, chapter 10, pages 217-242, Palgrave Macmillan.
    2. Giudici, Giancarlo & Paleari, Stefano, 2000. "The Provision of Finance to Innovation: A Survey Conducted among Italian Technology-Based Small Firms," Small Business Economics, Springer, vol. 14(1), pages 37-53, February.
    3. Sandu, Steliana & Paun, Cristian, 2009. "Convergence between the Romanian and the EU RD&I Systems," Working Papers of National Institute for Economic Research 090601, Institutul National de Cercetari Economice (INCE).
    4. Moncada-Paternò-Castello, Pietro & Ciupagea, Constantin & Smith, Keith & Tübke, Alexander & Tubbs, Mike, 2010. "Does Europe perform too little corporate R&D? A comparison of EU and non-EU corporate R&D performance," Research Policy, Elsevier, vol. 39(4), pages 523-536, May.
    5. Monica Roman, 2010. "Regional Efficiency Of The Knowledge Economy In The New Eu Countries: The Romanian And Bulgarian Case," Romanian Journal of Regional Science, Romanian Regional Science Association, vol. 4(1), pages 33-53, JUNE.
    6. Raquel Ortega‐Argilés & Mariacristina Piva & Lesley Potters & Marco Vivarelli, 2010. "Is Corporate R&D Investment In High‐Tech Sectors More Effective?," Contemporary Economic Policy, Western Economic Association International, vol. 28(3), pages 353-365, July.
    7. Peter Voigt & Pietro Moncada-Paternò-Castello, 2009. "The global economic and financial downturn: What does it imply for firms' R&D strategies?," JRC Working Papers on Corporate R&D and Innovation 2009-12, Joint Research Centre.
    8. Patrick Francois & Huw Lloyd-Ellis, 2003. "Animal Spirits Through Creative Destruction," American Economic Review, American Economic Association, vol. 93(3), pages 530-550, June.
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    Cited by:

    1. repec:agr:journl:v:4(621):y:2019:i:4(621):p:19-34 is not listed on IDEAS
    2. Mihaela DIACONU, 2019. "Business R&D investments in the EU: Main dynamics and economic effects," Theoretical and Applied Economics, Asociatia Generala a Economistilor din Romania - AGER, vol. 0(4(621), W), pages 19-34, Winter.

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    More about this item

    Keywords

    R&D investment; industry; EU;
    All these keywords.

    JEL classification:

    • O32 - Economic Development, Innovation, Technological Change, and Growth - - Innovation; Research and Development; Technological Change; Intellectual Property Rights - - - Management of Technological Innovation and R&D
    • L19 - Industrial Organization - - Market Structure, Firm Strategy, and Market Performance - - - Other

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