Acta Universitatis Danubius. Œconomica, Vol 12, No 1 (2016)

Abstract

This study focuses on the problem of absorbing the researches and outcomes of innovation processes into the economy. We addressed this problem by identifying the main factors that are related with state’s support on innovation processes through public policies. We took into consideration the case of Romania because our study is concentrated on identifying factors in order to discuss later solutions. We used public data available from the National Institute of Statistics, the National Council of Scientific Research, and from the National Authority for Scientific Research. Our findings show that the efficiency of absorption consists in the right balance between researches diversity and researches specialization. We also found that state’s public policies influence the respective balance. Our study show that the efficiency of research and development public policies relates to participants’ integrity and state’s leadership. The political will represents the social innovation that is necessary in the first place for those public policies to be efficient.