Through creativity and innovation to economic development: is it possible in Romania?
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 r...
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| Format: | Article |
| Language: | English |
| Published: |
General Association of Economists from Romania
2014-07-01
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| Series: | Theoretical and Applied Economics |
| Subjects: | |
| Online Access: |
http://store.ectap.ro/articole/997.pdf
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| Summary: | 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. |
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| ISSN: | 1841-8678 1844-0029 |