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Role and Impact of Research & Development Activity on Economic Efficiency

Author

Listed:
  • Nicodim Liliana

    ("Ovidius" University of Constanta)

  • Croitoru Gabriel

    (“Valahia†Universty of Targoviste)

  • Tabîrcă Alina Iuliana

    (“Valahia†Universty of Targoviste)

Abstract

Given the underfunding of research so far, we cannot say that everything that has been donealready has to be blamed or ignored but for long time, both research institutes or private economicentities have been funded by the state without questioning the economic efficiency of the results. Inthe near future, the economic efficiency of RDI will be a much debated subject and at certain pointnew rules will need to be obeyed. Examples of institutional restructuring or a re-evaluation of themanagement system in RDI are now taking into consideration by numerous states. In this context,this article will analyze Romania’s situation as a European country with its results and essentials. We also will analyze the European level of evolution and exigencies in matter of RDI, keeping inmind that cooperation between economic agents and public institutions of research will representthe next level of measuring some “good results†.

Suggested Citation

  • Nicodim Liliana & Croitoru Gabriel & Tabîrcă Alina Iuliana, 2018. "Role and Impact of Research & Development Activity on Economic Efficiency," Ovidius University Annals, Economic Sciences Series, Ovidius University of Constantza, Faculty of Economic Sciences, vol. 0(1), pages 217-222, July.
    • Handle: RePEc:ovi:oviste:v:xviii:y:2018:i:1:p:217-222
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    File URL: http://stec.univ-ovidius.ro/html/anale/RO/wp-content/uploads/2018/08/18.pdf
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    References listed on IDEAS

    as
    1. Hall, Bronwyn H. & Lerner, Josh, 2010. "The Financing of R&D and Innovation," Handbook of the Economics of Innovation, in: Bronwyn H. Hall & Nathan Rosenberg (ed.), Handbook of the Economics of Innovation, edition 1, volume 1, chapter 0, pages 609-639, Elsevier.
    2. Bronwyn H. Hall & Nathan Rosenberg (ed.), 2010. "Handbook of the Economics of Innovation," Handbook of the Economics of Innovation, Elsevier, edition 1, volume 1, number 1.
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    Cited by:

    1. Sayin Ferhan & Croitoru Gabriel & Robescu Valentina Ofelia & Florea Nicoleta Valentina, 2022. "Increasing the Efficiency of The Romanian Tourism Sector by Improving the Service Management and using Mathematical Modeling," Valahian Journal of Economic Studies, Sciendo, vol. 13(1), pages 75-88, April.

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    More about this item

    Keywords

    scientific knowledge; scientific research; research and development; research programs;
    All these keywords.

    JEL classification:

    • I23 - Health, Education, and Welfare - - Education - - - Higher Education; Research Institutions
    • O3 - Economic Development, Innovation, Technological Change, and Growth - - Innovation; Research and Development; Technological Change; Intellectual Property Rights
    • D83 - Microeconomics - - Information, Knowledge, and Uncertainty - - - Search; Learning; Information and Knowledge; Communication; Belief; Unawareness

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