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Financing of Research Activity from Private vs. Governmental in Romania

Author

Listed:
  • Rus Mircea-Iosif

    (“Babes Bolyai†University of Cluj-Napoca)

Abstract

The research-development activity is an important compound within an economy. Therefore,this activity must be financed accordingly, both from sources from the state budget (governmentsources) and from private sources. Although, the finality of this activity is mostly to write articles,studies and to present the results at scientific events, this are ultimately the ground for innovationwhich leads to new or improved products. Let us not forget that the great discoveries of the worldwere based, in one form or another, on a research activity.

Suggested Citation

  • Rus Mircea-Iosif, 2018. "Financing of Research Activity from Private vs. Governmental in Romania," Ovidius University Annals, Economic Sciences Series, Ovidius University of Constantza, Faculty of Economic Sciences, vol. 0(1), pages 505-509, July.
    • Handle: RePEc:ovi:oviste:v:xviii:y:2018:i:1:p:505-509
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    More about this item

    Keywords

    government sources; private sources; fundamental research; applied research; experimental development;
    All these keywords.

    JEL classification:

    • G32 - Financial Economics - - Corporate Finance and Governance - - - Financing Policy; Financial Risk and Risk Management; Capital and Ownership Structure; Value of Firms; Goodwill
    • G39 - Financial Economics - - Corporate Finance and Governance - - - Other
    • O32 - Economic Development, Innovation, Technological Change, and Growth - - Innovation; Research and Development; Technological Change; Intellectual Property Rights - - - Management of Technological Innovation and R&D
    • O39 - Economic Development, Innovation, Technological Change, and Growth - - Innovation; Research and Development; Technological Change; Intellectual Property Rights - - - Other

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