General information about the project
Competition: NATIONAL PLAN FOR RESEARCH, DEVELOPMENT AND INNOVATION 2007-2014, NP II; Program HUMAN RESOURCES; Subprogram “YOUNG RESEARCH TEAMS 2014”
Code: PN-II-RU-TE-2014-4-1760
Principal investigator: Prof. Claudiu Albulescu
Institution: Politehnica University of Timisoara
Description
The investment, innovation and entrepreneurial activities are mainly analysed at microeconomic level. Their macroeconomic determinants advanced by researchers refer to the market size, productivity, trade openness and R&D expenditure. However, the economic and financial stability plays an important role in promoting investments, in influencing the entrepreneurs’ decisions and in affecting the national innovativeness capacity. These aspects, extremely important for the European strategy for economic recovery and job creation, are not sufficiently explored in the literature, while their empirical investigation is practically inexistent, especially at a sectorial level. Against this background, using a panel approach, different cointegration models with structural breaks and the Amadeus statistics, the aim of the project is to analyse the relationship between stability and investments, innovation and entrepreneurship in EU countries, following three research directions. First, we analyse the link between stability and investments, considering the sectorial particularities of the investments’ determinants. Next, we investigate the role of the stability in enhancing the innovativeness capacity.
Finally, we explore the relationship between the economic stability and the entrepreneurial activity, to investigate the economic sectors where the entrepreneurial decision is sensitive to the evolution of the macroeconomic fundamentals.