ANALYSIS OF THE RELATIONSHIP BETWEEN INNOVATION AND PERFORMANCE. THE CASE OF ROMANIA VERSUS THE COUNTRIES OF WESTERN EUROPE

The research paper consists in analyzing the relationship between investments in innovation and macroeconomic performance indicators. Recent scientific literature argues that investment in innovation has a direct and positive impact on the performance of an economy. This paper aims to analyze the ex...

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Main Author: Alin-Ionuț Dorobanțu
Format: Article
Language:English
Published: Universitatea din Craiova 2020-08-01
Series:Annals of the University of Craiova: Economic Sciences Series
Subjects:
Online Access:http://feaa.ucv.ro/annals/v1_2020/008.pdf
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author Alin-Ionuț Dorobanțu
author_facet Alin-Ionuț Dorobanțu
author_sort Alin-Ionuț Dorobanțu
collection DOAJ
description The research paper consists in analyzing the relationship between investments in innovation and macroeconomic performance indicators. Recent scientific literature argues that investment in innovation has a direct and positive impact on the performance of an economy. This paper aims to analyze the existence of the link between innovation and performance efforts as well as the analysis of their intensity both in Western European countries and in Romania. The data needed to assess investment in innovation, as well as those related to countries' macroeconomic performance, were selected from both the World Bank website and the OECD website for the period 1991-2018. The research method used involves the analysis of data using regression and correlation, which are calculated using the statistical program SPSS. The study argues that investments in innovation activities can have a positive influence on macroeconomic performance indicators.
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spelling doaj.art-2e4eee43f3ef4e5fbe8b8203943a961d2022-12-22T04:11:43ZengUniversitatea din CraiovaAnnals of the University of Craiova: Economic Sciences Series1223-365X1843-37232020-08-011488798ANALYSIS OF THE RELATIONSHIP BETWEEN INNOVATION AND PERFORMANCE. THE CASE OF ROMANIA VERSUS THE COUNTRIES OF WESTERN EUROPEAlin-Ionuț Dorobanțu0University of Craiova Doctoral School of Economic Sciences Craiova, RomaniaThe research paper consists in analyzing the relationship between investments in innovation and macroeconomic performance indicators. Recent scientific literature argues that investment in innovation has a direct and positive impact on the performance of an economy. This paper aims to analyze the existence of the link between innovation and performance efforts as well as the analysis of their intensity both in Western European countries and in Romania. The data needed to assess investment in innovation, as well as those related to countries' macroeconomic performance, were selected from both the World Bank website and the OECD website for the period 1991-2018. The research method used involves the analysis of data using regression and correlation, which are calculated using the statistical program SPSS. The study argues that investments in innovation activities can have a positive influence on macroeconomic performance indicators.http://feaa.ucv.ro/annals/v1_2020/008.pdfinnovationperformanceromaniawestern europeregressioncorrelation
spellingShingle Alin-Ionuț Dorobanțu
ANALYSIS OF THE RELATIONSHIP BETWEEN INNOVATION AND PERFORMANCE. THE CASE OF ROMANIA VERSUS THE COUNTRIES OF WESTERN EUROPE
Annals of the University of Craiova: Economic Sciences Series
innovation
performance
romania
western europe
regression
correlation
title ANALYSIS OF THE RELATIONSHIP BETWEEN INNOVATION AND PERFORMANCE. THE CASE OF ROMANIA VERSUS THE COUNTRIES OF WESTERN EUROPE
title_full ANALYSIS OF THE RELATIONSHIP BETWEEN INNOVATION AND PERFORMANCE. THE CASE OF ROMANIA VERSUS THE COUNTRIES OF WESTERN EUROPE
title_fullStr ANALYSIS OF THE RELATIONSHIP BETWEEN INNOVATION AND PERFORMANCE. THE CASE OF ROMANIA VERSUS THE COUNTRIES OF WESTERN EUROPE
title_full_unstemmed ANALYSIS OF THE RELATIONSHIP BETWEEN INNOVATION AND PERFORMANCE. THE CASE OF ROMANIA VERSUS THE COUNTRIES OF WESTERN EUROPE
title_short ANALYSIS OF THE RELATIONSHIP BETWEEN INNOVATION AND PERFORMANCE. THE CASE OF ROMANIA VERSUS THE COUNTRIES OF WESTERN EUROPE
title_sort analysis of the relationship between innovation and performance the case of romania versus the countries of western europe
topic innovation
performance
romania
western europe
regression
correlation
url http://feaa.ucv.ro/annals/v1_2020/008.pdf
work_keys_str_mv AT alinionutdorobantu analysisoftherelationshipbetweeninnovationandperformancethecaseofromaniaversusthecountriesofwesterneurope