Theoretical and Applied Economics
No. 10 / 2012 (575)
Technological innovation as a mean to increase economic competitiveness
The Bucharest University of Economic Studies
Viorel VULTURESCU
National Authority for Scientific Research
Abstract. Corporations must be able to adapt and evolve if they wish to survive. Businesses operate with the knowledge that their competitors will inevitably come to the market with a product that changes the basis of competition. The ability to change and adapt is essential to survival.(1) European Union and its member states set several frameworks to support companies to acquire knowledge and strengthen their competitiveness, as follows:
- National Programs for R & D funding which support national actors;
- Sectorial Operational Programs (either at national or regional level, in full compliance with national rules);
- EU programs (e.g. Competitiveness and Innovation Program – CIP, R&D Framework Programs – FP);
- Pan-European programs (e.g. EUREKA).
Romania is participating to all programs and pan-European R & D frameworks. Furthermore, its innovation program within the National Plan for research facilitates company participation to knowledge development and technology development. Nevertheless Romania’s Innovation performance is still at one of the lowest level in Europe(2). The followings present how companies are considering their participation to R & D programs and the impact of an R & D project in a company.
Contents
Use of fixed income products within a company's portfolio
An empiric approach of the FDI-taxation relationship in Romania
Public-private partnership role in increasing the quality of the health insurance services
The economic integration: concept and end of process
The long run relationship between foreign direct investments, exports, and gross domestic product: panel data implications
Spending Power and match attendance: is Romanian football a normal or an inferior good?
The readiness of employees for the future society. Case study
Transition to a green economy – a challenge and a solution for the world economy in multiple crisis context
A VAR analysis of the connection between FDI and economic growth in Romania
EU budget reform in the context of the current economic crisis
Technological innovation as a mean to increase economic competitiveness