Annals of the University of Oradea: Economic Science (Jul 2015)
PUBLIC POLICIES TO R&D IN ROMANIA IN THE CONTEXT OF THE EU STATE AID POLICY
Abstract
From an economic perspective, the importance of EU state aid policy refers to correcting “market failure” situations that may occur in the economy, aiming at maintaining an undistorted competition in the economic environment. In the context of the Commission focusing its efforts towards promoting R&D investment through Europe 2020 strategy, Romania is a modest innovator and is facing a relatively low level of economic competitiveness. The present paper aims at providing a contribution to the literature on public policies to R&D in the EU, developing both a quantitative and a qualitative analysis of public policies to R&D in Romania in the context of the EU state aid policy. Our research hypothesis considers that public policies to R&D in Romania, as in other Central and Eastern European countries, are following a convergence process with the practices from the EU level. Based on data provided by Eurostat, we have stressed that the existing gap between the national level and the EU level tends to maintain in the state aid field even in the future, in spite of Romanian government sector R&D expenditure tending to converge with the EU level, which highlights the potential of catching up with the European model. We believe that the success of the convergence process will depend in the future, to a large extent, on the implementation of the modernised legal and institutional framework of state aid policy, as well as on the capacity to build consensus by policy makers around the necessity to structure future economic development around R&D investment. In order to successfully address these structural R&D problems, the National Strategy for Research, Development and Innovation aims to establish R&D as engine for increasing economic competitiveness, while at the same time strengthening strategic areas with comparative advantages, supporting public-private partnerships, funding clusters in areas of smart specialisation, developing intellectual property and marketing capacity for products and services etc. For a successful implementation of these initiatives, we believe there is a strong necessity for an integrative policy mix aiming at coordinating the innovative system as a whole and a consistent political vision to support economic competitiveness through R&D investment.
