Diversity and Specialization: Public Policies Framework for Innovation
This study focuses on the problem of absorbing the researches and outcomes of innovation processes into the economy. Our objective was to address this problem by identifying the main factors that are related with state’s support on innovation processes through public policies. Our approach took i...
| Main Author: | |
|---|---|
| Format: | Article |
| Language: | English |
| Published: |
Danubius University
2016-02-01
|
| Series: | Acta Universitatis Danubius: Oeconomica |
| Subjects: | |
| Online Access: | http://journals.univ-danubius.ro/index.php/oeconomica/article/view/3091/3106 |
| Summary: | This study focuses on the problem of absorbing the researches and outcomes of innovation
processes into the economy. Our objective was to address this problem by identifying the main
factors that are related with state’s support on innovation processes through public policies. Our
approach took into consideration the case of Romania because our study is concentrated on
identifying factors in order to discuss later solutions. We used public data available from the National
Institute of Statistics, the National Council of Scientific Research, and from the National Authority
for Scientific Research. Our results show that the efficiency of absorption consists in the right
balance between researches diversity and researches specialization. We also found that state’s public
policies influence the respective balance. The implications that our study identified show that the
efficiency of research and development public policies relates to participants’ integrity and state’s
leadership. The political will represents the social innovation that is necessary in the first place for
those public policies to be efficient. |
|---|---|
| ISSN: | 2065-0175 2067-340X |