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Theoretical and Applied Economics
No. 4 / 2016 (609), Winter

The major economic evolution of Romania by the middle of 2016

Constantin ANGHELACHE
Bucharest University of Economic Studies, Romania
“ARTIFEX” University of Bucharest, Romania
Alexandru MANOLE
“ARTIFEX” University of Bucharest, Romania
Mădălina Gabriela ANGHEL
“ARTIFEX” University of Bucharest, Romania

Abstract. The purpose of this study is to examine the effects of research-development expenditures and innovation on income using new generation panel data analysis for 11 EU countries. We found that that if research-development expenditures and innovation goes up by 1%, income, on average, raises by 0.19% and 4.05%, respectively.

Keywords: Gross Domestic Product, investments, income, inflation, unemployment, population, expenditures.

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The Economicity. The Epistemic Landscape, Marin Dinu, 2016

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