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

Author

Listed:
  • 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.)

Abstract

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.

Suggested Citation

  • Steliana SANDU & Irina ANGHEL, 2010. "The Interaction Of Policy-Mix Instruments Conducive To Increasing R&D Investment In Romania," Curentul Juridic, The Juridical Current, Le Courant Juridique, Petru Maior University, Faculty of Economics Law and Administrative Sciences and Pro Iure Foundation, vol. 42, pages 149-161, September.
  • Handle: RePEc:pmu:cjurid:v:42:y:2010:p:149-161
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    File URL: http://www.upm.ro/facultati_departamente/ea/RePEc/curentul_juridic/rcj10/recjurid103_14F.pdf
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    Citations

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    Cited by:

    1. Sandu Steliana & Irina Anghel, 2012. "New Challenges For R&D And Innovation In Romania," Annales Universitatis Apulensis Series Oeconomica, Faculty of Sciences, "1 Decembrie 1918" University, Alba Iulia, vol. 2(14), pages 1-28.
    2. Ben R. Martin, 2015. "R&D Policy Instruments: A Critical Review of What We Do & Don't Know," Working Papers wp476, Centre for Business Research, University of Cambridge.

    More about this item

    Keywords

    R&D policy-mix; interrelated R&D instruments; R&D policy improvement; 3% of GDP objective;

    JEL classification:

    • K33 - Law and Economics - - Other Substantive Areas of Law - - - International Law
    • K34 - Law and Economics - - Other Substantive Areas of Law - - - Tax Law

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