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Economic Dynamics and Sustainable Development – Resources, Factors, Structures and Policies

Proceedings ESPERA 2015 – Part 1 and Part 2

Edited By Luminita Chivu, Constantin Ciutacu, Valeriu Ioan-Franc and Jean-Vasile Andrei

The book is dedicated to the 150th anniversary of the Romanian Academy. It contains the most valuable 100 papers presented at the International Conference «Economic Scientific Research – Theoretical, Empirical and Practical Approaches» (ESPERA 2015). The event is initiated annually by the National Institute for Economic Research «Costin C. Kirițescu» of the Romanian Academy. ESPERA aim to present and evaluate the economic scientific research portfolio as well as to argue and substantiate development strategies, including European and global best practices. ESPERA intend to become a scientific support for the conceptualization and the establishment of policies and strategies and to provide a systematic, permanent, wide and challenging dialogue within the European area of economic and social research.

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Challenges for Increasing the Innovativeness of Romanian Firms (Steliana Sandu / Irina Anghel)

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Steliana Sandu & Irina Anghel1

Challenges for Increasing the Innovativeness of Romanian Firms

Abstract: Overcoming the “modest innovator” status, maintained by Romania for several years, requires an in-depth analysis of the determinants of the firm’s innovativeness, in order to identify and apply effective mechanisms for stimulating innovation processes at the company level, new tools and policies to encourage the industrial demand for the firm’s R&D results and to increase their capacity to absorb new technology and innovation.

This paper aims to depict the recent trends in the research and innovation activity of Romanian firms – in an European context – with respect to some of the widely acknowledged determinants of innovativeness at the firm level, such as firm size, R&D intensity and innovation type, openness to cooperation and integration within knowledge flows and innovation networks. Our research concludes with some recommendations regarding innovation policy approaches that may boost innovativeness.

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