Competitiveness through Innovation for the Romanian Economy. Allocations Correlated with Outputs. Patent Applications and their Effect on Competitiveness

Abstract

This paper aims to study the way that the efforts put into increasing one of the competitiveness pillars (innovation) with results (especially Patent production) correlate for the Romanian economy in the last 5 years, after the crisis started officially. We will then use as effort indicators the R&D expenses and the Innovation costs, as reported by the National Institute of Statistics and as result indicators we use the number and provenience of Patent registered with World Intellectual Property Organization, as well as GDP.