The Interaction Of Policy-Mix Instruments Conducive To Increasing R&D Investment In Romania
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.
Volume (Year): 42 (2010)
Issue (Month): (September)
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