HYPERION ECONOMIC JOURNAL

Hyperion University of Bucharest
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HYPERION ECONOMIC JOURNAL

December 2024
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Innovation Performance in Romania

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Authors:
  • Oana CHINDRIȘ-VĂSIOIU, PhD, SR III, Affiliation: Institute for World Economy - Romanian Academy, Romania;
  • Mădălina TOCAN, PhD, Associate Professor, SR III, Affiliation: Ecological University of Bucharest, Romania, Institute for World Economy - Romanian Academy, Romania;
  • Anca CRISTEA, PhD, Lecturer, SR III, Affiliation: Hyperion University of Bucharest, Institute for World Economy - Romanian Academy, Romania;
  • Nicoleta GUDĂNESCU, PhD, Associate Professor, SR III, Affiliation: Hyperion University of Bucharest, Institute for World Economy - Romanian Academy, Romania.
Pages:  15 : 21
Abstract:

Innovation has become the modern society symbol, a solution for solving many problems and a phenomenon that must be studied. Although it has always existed, innovation gained real importance in the 20th century. To some extent, every person is innovative: the artists are innovative, the scientists are innovative, and so are organizations.
Research and innovation provide us with the knowledge and solutions needed for urgent issues, such as socio-economic crises, but also for long-term societal challenges. In everyday life, research and innovation bring improvements in various socio-economic fields and is the launching pad for many new products and services.
Although Romania is a modest innovator, the export of high-tech products and the penetration of broadband Internet services are the only two indicators in the European Innovation Scoreboard that show our country's innovation performance. For this reason we consider that it important to analyse in this paper the place that Romania occupies in the European Union through the lens of the two indicators mentioned above, as well as the position of our country compared to the group of leading innovative countries, but also to the group of emerging innovative countries, group of which Romania is a part.

JEL classification: O00, O31

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O00, O31