Theoretical and Applied Economics
No. 1 / 2025 (642), Spring
From lab to market: how governments and enterprises compose the future of innovation
Bucharest University of Economic Studies, Romania
Abstract. This study examines the impact of research and development (R&D) investment on economic growth, distinguishing between private and government contributions. Using data from developed and emerging economies, including the United States, China, Japan, South Korea, Turkey, the United Kingdon, and the European Union, the study analyzes the correlation between R&D spending and GDP growth. Findings indicate that private R&D investments have a strong and more direct effect on economic expansion, particularly in technologically advanced economies like China, South Korea and the United States. These countries leverage private sector innovation to drive productivity and competitiveness. The study underscores the necessity of a balanced R&D strategy, integrating private sector agility with government-led foundational research. Countries that successfully foster collaboration between these sectors achieve sustained economic growth, reinforcing the pivotal role of R&D in national and global competitiveness. The findings provide key insights for policymakers to optimize R&D investments for sustainable economic growth.
Contents
The impact of agro-food imports from Ukraine on the Romanian market: a post-conflict economic analysis
An empirical analysis of foreign trade concentration between Türkiye and Egypt (2005-2023)
The three-ways linkages between domestic investment, exports and economic growth: new evidence from Saudi Arabia
Local resilience in the context of digital transition: development policy perspectives from Romania and Moldova
Customs unions and trade spillovers: from bilateral agreements to multilateral impact
The impact of foreign direct investment on carbon emissions in China: a provincial panel data analysis
Quantitative insights into the impact of financial inclusion on economic growth: an econometric evaluation of Arab countries (2011-2022)
The relationship between external factors and economic growth: Differences between the global financial crisis and the COVID-19 pandemic from a Granger causality perspective
The lasting impact of COVID-19. How the pandemic reshaped human behaviour
Asymmetric effect of monetary policy on stock market performance in the ECOWAS zone: empirical evidence from the NARDL approach
The effect of inflation and fiscal decentralization on income inequality in Sumatra Island of Indonesia: a panel data
Exploring the relationship between the Put Call Ratio and Market Indices: a comparative analysis of S&P 500 and BET
Macro-economic determinants of financial inclusion: evidence from West African Economic and Monetary Union (WAEMU)
Tax and macroeconomic framework. The case of Greece
Consumerism and capitalism: dynamic evolution, economic benefits, and ethical challenges
Business cycle synchronization of Tunisia and Euro Zone countries: a parametric and non-parametric analysis
Macro analysis of linkages between export, import and economic growth: evidence from the Indian economy
From lab to market: how governments and enterprises compose the future of innovation
Improving human development in West African countries: do cryptocurrencies matter?
Romanian knowledge and attitude on sustainability and sustainable clothing: exploring the reliability and validity of a measurement scale
Estimating Romania’s potential GDP: a production function and multivariate approach
Fiscal adjustment and economics growth in Senegal