IDEAS home Printed from https://ideas.repec.org/a/ora/journl/v1y2008i1p294-299.html
   My bibliography  Save this article

The Correlation Between Research & Development And The Economic Growth In Romania

Author

Listed:
  • Dragomir Laurentiu

    (Universitatea din Craiova, Facultatea de Economie si Administrarea afacerilor)

  • Barbu Mihail Catalin

    (Universitatea din Craiova, Facultatea de Economie si Administrarea afacerilor)

  • Ciobanu George

    (Universitatea din Craiova, Facultatea de Economie si Administrarea afacerilor)

Abstract

The increasing productivity of production factors, due to progresses in science and technology is today the engine of economic growth. The economic theory managed to endogenize the technical progress, first as a result of the unintended activities of firms, then as the result of profit driven behaviour of economic agents. In globalization the stock of knowledge becomes available also to developing countries and the production technologies and their employment are more democratic regarding the availability. For the developing countries it still remains the problem of financial resources and availability. Developing new technologies has a prohibitive costs, at least until the moment in which large scale production allows for the reduction of costs. Long term economic growth will depend on the creation of global technology stock, including the leverage effect of sustained R&D. In this paper we will approach the progress of Romania in the area of knowledge base economy, especially regarding the policies in the R&D sector.

Suggested Citation

  • Dragomir Laurentiu & Barbu Mihail Catalin & Ciobanu George, 2008. "The Correlation Between Research & Development And The Economic Growth In Romania," Annals of Faculty of Economics, University of Oradea, Faculty of Economics, vol. 1(1), pages 294-299, May.
    • Handle: RePEc:ora:journl:v:1:y:2008:i:1:p:294-299
    as

    Download full text from publisher

    File URL: http://steconomice.uoradea.ro/anale/volume/2008/v1-international-business-and-european-integration/054.pdf
    Download Restriction: no
    ---><---

    References listed on IDEAS

    as
    1. Gabriela Viale Pereira & Marie Anne Macadar & Edimara M. Luciano & Maurício Gregianin Testa, 0. "Delivering public value through open government data initiatives in a Smart City context," Information Systems Frontiers, Springer, vol. 0, pages 1-17.
    2. Gylfason, Thorvaldur, 1999. "Principles of Economic Growth," OUP Catalogue, Oxford University Press, number 9780198776147.
    Full references (including those not matched with items on IDEAS)

    Citations

    Citations are extracted by the CitEc Project, subscribe to its RSS feed for this item.
    as


    Cited by:

    1. Pop Silaghi, Monica Ioana & Alexa, Diana & Jude, Cristina & Litan, Cristian, 2014. "Do business and public sector research and development expenditures contribute to economic growth in Central and Eastern European Countries? A dynamic panel estimation," Economic Modelling, Elsevier, vol. 36(C), pages 108-119.
    2. Barbu Mihai Constantin Razvan & Stepan Amalia-Raluca & Stepan Oana-Maria & Sandu Isabela Elena & Diaconescu Dragos Laurentiu & Malaescu Ana Maria & Popescu Marius Catalin, 2021. "Labor Market In The Context Of The Evolution Of The Situation Generated By The Covid-19 Pandemic. Forecast Study," Annals - Economy Series, Constantin Brancusi University, Faculty of Economics, vol. 1, pages 139-148, February.

    Most related items

    These are the items that most often cite the same works as this one and are cited by the same works as this one.
    1. Lawn, Philip & Clarke, Matthew, 2010. "The end of economic growth? A contracting threshold hypothesis," Ecological Economics, Elsevier, vol. 69(11), pages 2213-2223, September.
    2. Johannes Stübinger & Lucas Schneider, 2020. "Understanding Smart City—A Data-Driven Literature Review," Sustainability, MDPI, vol. 12(20), pages 1-23, October.
    3. Maciej Grzenda & Jaroslaw Legierski, 2021. "Towards Increased Understanding of Open Data Use for Software Development," Information Systems Frontiers, Springer, vol. 23(2), pages 495-513, April.
    4. Akhand Akhtar Hossain, 2009. "Central Banking and Monetary Policy in the Asia-Pacific," Books, Edward Elgar Publishing, number 12777.
    5. Robertina ZDJELAR & Anamarija MUSA & Nikolina Žajdela HRUSTEK, 2021. "Open data availability in Croatian local government: Improving the quality of life," Smart Cities and Regional Development (SCRD) Journal, Smart-EDU Hub, vol. 5(3), pages 21-40, July.
    6. Matthew Clarke, 2005. "Assessing Well-being Using Hierarchical Needs," WIDER Working Paper Series RP2005-22, World Institute for Development Economic Research (UNU-WIDER).
    7. Haozhi Pan & Stan Geertman & Brian Deal, 2020. "What does urban informatics add to planning support technology?," Environment and Planning B, , vol. 47(8), pages 1317-1325, October.
    8. Federico Cabitza & Angela Locoro & Carlo Batini, 2020. "Making Open Data more Personal Through a Social Value Perspective: a Methodological Approach," Information Systems Frontiers, Springer, vol. 22(1), pages 131-148, February.
    9. Marijn Janssen & David Konopnicki & Jane L. Snowdon & Adegboyega Ojo, 2017. "Driving public sector innovation using big and open linked data (BOLD)," Information Systems Frontiers, Springer, vol. 19(2), pages 189-195, April.
    10. Marijn Janssen & David Konopnicki & Jane L. Snowdon & Adegboyega Ojo, 0. "Driving public sector innovation using big and open linked data (BOLD)," Information Systems Frontiers, Springer, vol. 0, pages 1-7.
    11. Bouton, L. & Sumlinski, M.A., 2000. "Trends in Private Investment in Developing Countries. Statistics for 1970-1998," Papers 41, World Bank - International Finance Corporation.
    12. Mariolis, Theodore, 2010. "Κριτική Έκθεση του "Νόμου της Πτωτικής Τάσης του Ποσοστού Κέρδους" του K. Marx: Κατανομή Εισοδήματος, Επισώρευση Κεφαλαίου και Τεχνολογική Μεταβολή στη Μακρά Περίοδο [Critical Exposition ," MPRA Paper 22461, University Library of Munich, Germany.
    13. Matthew Clarke, 2010. "Assessing Well-being Using Hierarchical Needs," Working Papers id:2612, eSocialSciences.
    14. H. Park & D. Checchi & E. Colombatto & E. Amann, 2001. "Book reviews," Journal of Economics, Springer, vol. 74(3), pages 316-329, October.
    15. Guilherme C. Wiedenhöft & Edimara M. Luciano & Gabriela V. Pereira, 2020. "Information Technology Governance Institutionalization and the Behavior of Individuals in the Context of Public Organizations," Information Systems Frontiers, Springer, vol. 22(6), pages 1487-1504, December.
    16. Gupta, Anushri & Panagiotopoulos, Panos & Bowen, Frances, 2020. "An orchestration approach to smart city data ecosystems," Technological Forecasting and Social Change, Elsevier, vol. 153(C).
    17. Palaco, Ileana & Park, Min Jae & Kim, Suk Kyoung & Rho, Jae Jeung, 2019. "Public–private partnerships for e-government in developing countries: An early stage assessment framework," Evaluation and Program Planning, Elsevier, vol. 72(C), pages 205-218.
    18. Scott Solberg & David Hale & Juan Benavides, 2003. "Natural Disaster Management and the Road Network in Ecuador: Policy Issues and Recommendations," IDB Publications (Working Papers) 39838, Inter-American Development Bank.
    19. Purohit, Brijesh C., 2008. "Health and human development at sub-state level in India," Journal of Behavioral and Experimental Economics (formerly The Journal of Socio-Economics), Elsevier, vol. 37(6), pages 2248-2260, December.
    20. Christopher E.S. WARBURTON, 2020. "The Acquisition Of Human Capital And Economic Growth: An International Survey," Applied Econometrics and International Development, Euro-American Association of Economic Development, vol. 20(2), pages 5-18.

    More about this item

    Keywords

    knowledge economy; economic growth; research&development;
    All these keywords.

    JEL classification:

    • D80 - Microeconomics - - Information, Knowledge, and Uncertainty - - - General
    • O10 - Economic Development, Innovation, Technological Change, and Growth - - Economic Development - - - General
    • F02 - International Economics - - General - - - International Economic Order and Integration

    Statistics

    Access and download statistics

    Corrections

    All material on this site has been provided by the respective publishers and authors. You can help correct errors and omissions. When requesting a correction, please mention this item's handle: RePEc:ora:journl:v:1:y:2008:i:1:p:294-299. See general information about how to correct material in RePEc.

    If you have authored this item and are not yet registered with RePEc, we encourage you to do it here. This allows to link your profile to this item. It also allows you to accept potential citations to this item that we are uncertain about.

    If CitEc recognized a bibliographic reference but did not link an item in RePEc to it, you can help with this form .

    If you know of missing items citing this one, you can help us creating those links by adding the relevant references in the same way as above, for each refering item. If you are a registered author of this item, you may also want to check the "citations" tab in your RePEc Author Service profile, as there may be some citations waiting for confirmation.

    For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: Catalin ZMOLE (email available below). General contact details of provider: https://edirc.repec.org/data/feoraro.html .

    Please note that corrections may take a couple of weeks to filter through the various RePEc services.

    IDEAS is a RePEc service. RePEc uses bibliographic data supplied by the respective publishers.