ECONOMETRIC APPROACHES IN ANALYZING RESEARCH AND INNOVATION SMES ACTIVITY IN BUCHAREST

Abstract

Comparative analysis, in the light of statistical evolution indicators that characterize the innovative activity of SMEs in Bucharest, aims to outline the companies situation, over a period of almost 20 years. Analysis in dynamics, with the latest available indicators data, concerns not only the situation at the Bucharest municipality level at a certain time, but also the comparison with similar SMEs indicators with research and development-innovation (RDI) activity in Romania. Econometric approaches pursue the goal of developing appropriate models for this period and of producing short-term predictions, and the criteria for choosing the prediction accuracy, they allow us to draw pertinent conclusions. To quantify the existing situation regarding SMEs, a rather small number of indicators have been taken into account, due to the lack of their dissemination.

Keywords

• small and medium-sized enterprises
• innovative research and development
• turnover
• foreign direct investment
• number of employees
• regression
• lag
• foresight