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The Interaction Of Policy-Mix Instruments Conducive To Increasing R&D Investment In Romania

Listed author(s):
  • Steliana SANDU

    (PhD in Economics, Senior Researcher Ist grade, Head of Department “ Economics of Scientific Research and Innovation”, Institute of National Economy, Romanian Academy)

  • Irina ANGHEL

    (PhD Student, Research Assistant, Institute of National Economy, Romanian Academy.)

The “policy-mix” is a relative new concept in research-development and innovation literature and policy. It has been introduced some years ago, as a new model of resources mobilization through the coordination of different policies, having in view the accomplishment of the objective of allotting 3% of GDP for research and development (R&D) in the European Union countries. This concept refers to R&D (research programs, grant schemes or human resources programs) and non-R&D (legal, fiscal, monetary incentives) “packaged” instruments conducive to increasing investments in research and development activity. Adjusting the R&D agenda to the requirements of integration in European Research Area, Romania adopted during 2005-2007, a “package“ of instruments and policies that have had a beneficial effect on the R&D and innovation activities, especially in terms of increasing the public R&D financing. In view of the present context of the big challenges of Lisbon Agenda 2020 and the recent budgetary restriction in Romania, this paper is a pleading for re-setting the “policy-mix” among the priorities of different policies, as a main solution for increasing R&D investment. The analysis of how the different sectoral policies and instruments should interact in order to reach the main objective of the policy mix is another aim of this paper.

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Article provided by Petru Maior University, Faculty of Economics Law and Administrative Sciences and Pro Iure Foundation in its journal Curentul Juridic, The Juridical Current.

Volume (Year): 42 (2010)
Issue (Month): (September)
Pages: 149-161

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Handle: RePEc:pmu:cjurid:v:42:y:2010:p:149-161
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