Theoretical and Applied Economics
No. 7 / 2014 (596)
Through creativity and innovation to economic development: is it possible in Romania?
The “Gheorghe Asachi” Technical University of Iasi, Romania
Abstract. Creativity is a source of innovation. This paper investigates methods of stimulating creativity in firms. Using CIS7 data at the sectoral level, the exploratory analysis carried out first is followed by testing of factors which we identify in order to asses their incidence on R&D activity. The results show intense interactions between R&D investments and methods of stimulating creativity based on extrinsic motivations, as well as between R&D investments and turnover used as an indicator of financial results in firms. Trough such connections observed, this paper invites agents in business and government environments to recognize the importance of stimulating creativity and innovation in Romania, able to allow economic development.
Keywords: firm, creativity, innovation, research and development.
Contents
- Through creativity and innovation to economic development: is it possible in Romania?
Mihaela DIACONU
- The analysis of the influence factors affecting
the performance of pharmaceutical companies
Dana-Maria BOLDEANU
Irina-Bogdana PUGNA
- Sensory marketing strategies. Case study: Oltenia
Aurelia-Felicia STĂNCIOIU
Mihail-Cristian DIŢOIU
Nicolae TEODORESCU
Lucian-Florin ONIŞOR
Ion PÂRGARU
- Appreciate the impact of relevant costing
for decision making in Ready-Made Garments (RMG)
industry of Bangladesh
Mohammad Mazibar RAHMAN
Saiful ISLAM
- The economic crisis and the great problems
of mankind
Cătălin-Emilian HUIDUMAC-PETRESCU
Alexandru Cătălin POPA
- New theoretical foundations for economic policy
Monica DOBRESCU