THE IMPACT OF R&D INVESTMENT ON PRODUCTIVITY

In the context of the national and European efforts directed to increasing ofR&D investment up to 3% of GDP, the debate on the effects of R&D investment has receiveda new impetus last time. Starting from theoretical and methodological approaches found inthe current scientific literature regarding this issue, the paper is focused on the empiricalanalysis of the effect of R&D investment on total factor productivity in Romania for the period1996-2006. The results obtained, in line with current research results in Romania or abroad,could be taken into consideration in political decision of R&D investment and in findingappropriate economic measures aiming to stimulate business R&D investment.R&D stock, R&D spillover, R&D effect on TPF

ERAWATCH Country Report 2008 - An Assessment of Research System and Policies: Romania

The main objective of ERAWATCH country reports 2008 is to characterise and assess the performance of national research systems and related policies in a structured manner that is comparable across countries. The reports are produced for each EU Member State to support the mutual learning process and the monitoring of Member States' efforts by DG Research in the context of the Lisbon Strategy and the European Research Area. In order to do so, the system analysis focuses on key processes relevant for system performance. Four policy-relevant domains of the research system are distinguished, namely resource mobilisation, knowledge demand, knowledge production and knowledge circulation. The reports are based on a synthesis of information from the ERAWATCH Research Inventory and other important available information sourcesJRC.J.3-Knowledge for Growt