Correlations between Expenditure and Employees in R&D Activity by Performance Sectors from Romania

• Main Authors: Vasilica Ciucă, Daniela Pașnicu, Gabriela Tudose, Mihai Robert Paşnicu
• Format: Article
• Language: English
• Published: Romanian National Institute of Statistics 2016-03-01
• Series: Revista Română de Statistică
• Subjects: innovation; R&D; expenditure; employment; investment
• Online Access: http://www.revistadestatistica.ro/wp-content/uploads/2016/03/RRS01_2016_A4.pdf

In the context of increased competition in the recent years, the innovation has become a key factor in economic development through better use of opportunities, capturing new markets and creating high quality jobs. A crucial element for achieving innovation is the R & D, due to the stock of knowledge created at the human, cultural and societal level and its use in designing new applications. In order to manage the funds better in R & D, stimulate competitiveness and attract new funds into R & D, given the target of Europe 2020 Agenda, the paper analyzes the correlation between expenditure and employees in R & D by performance sectors from Romania, and presents a mathematical model which might explain the dynamic of the structure of employees in business sector from R&D. It also considers the impact of the results on the capacity for innovation, economic development and future directions of action to increase investment in R & D, efficient use of intellectual capital and economic specialization.