Theoretical and Applied Economics
No. 7 / 2014 (596)
Through creativity and innovation to economic development: is it possible in Romania?
The “Gheorghe Asachi” Technical University of Iasi, Romania
Abstract. Creativity is a source of innovation. This paper investigates methods of stimulating creativity in firms. Using CIS7 data at the sectoral level, the exploratory analysis carried out first is followed by testing of factors which we identify in order to asses their incidence on R&D activity. The results show intense interactions between R&D investments and methods of stimulating creativity based on extrinsic motivations, as well as between R&D investments and turnover used as an indicator of financial results in firms. Trough such connections observed, this paper invites agents in business and government environments to recognize the importance of stimulating creativity and innovation in Romania, able to allow economic development.
Contents
Through creativity and innovation to economic development: is it possible in Romania?
The analysis of the influence factors affecting the performance of pharmaceutical companies
Sensory marketing strategies. Case study: Oltenia
Financial development and domestic savings in emerging Asian countries
Between objective and subjective in the sustainable development and the identification of crisis mitigation solutions
Appreciate the impact of relevant costing for decision making in Ready-Made Garments (RMG) industry of Bangladesh
The economic crisis and the great problems of mankind
New theoretical foundations for economic policy
Mutual influence of economic growth and economic development and its impact on social transformations