INVESTING INTO SCIENTIFIC RESEARCH AND ECONOMIC GROWTH
Journal Title: Acta Economica - Year 2009, Vol 7, Issue 10
Abstract
Creating a European Research Area (ERA) was defined as a strategic goal in the area of scientific research and technological development at the Lisbon Conference 2000. The Seventh Framework Programme for research and technological development (FP7) is one of the instruments for reaching the goals set by the Lisbon Conference in which the European Union defines its development strategy for the upcoming period. One of the key aspects of this strategy is knowledge as the leverage of society. The base of economic growth is a society capable to create new values. Economis growth and development are complementary terms. Economic growth is connected to increasing production per head of population, whereas economic development includes an improvement of institutional, social and political conditions. In public debates, the greatest importance is given to the reduction of public expenses, monetary and fiscal politics, while all talk of innovations, research and quality of gained and kept knowledge merely sporadically touch the core of the problem. However, this work researches the way that investments in scientific research affect the increase of the gross social product, which makes greater national budget possible, influencing public expenditure.
Authors and Affiliations
Жељана Јовичић, M. Sc.
Keywords
Related Articles
- EP ID EP43661
- DOI -
- Views 279
- Downloads 0
THE FEEDBACK OF COMMUNICATION
Making the feedback of communication is a phase of communicational process, which has special role and importance in communication between managers and workers. Therefore, because the feedback of communication, like fina...
The analysis of electronic banking weaknesses in Montenegro
Development of the Internet brings a new dimension to e-banking. Tanks to low-cost Internet transactions, in recent years, Internet banking and online banking have become the main channels. Simplicity of use, availabilit...
PRIVATISATION – KEY LINK FROM SOCIALISM TO CAPITALISM
The transition process is multidimensional; the overall purpose being the social and economic re–arrangement with privatisation being a key factor. In essence, the transition involves the rejection of the bureaucratic ec...
Negative selection and moral hazard as causes to inefcient transition and tendency towards crisis in Bosnia and Herzegovina
Bosnia and Herzegovina (BiH) is facing the consequences of inefficient transition (1), strategic concentration of economic development in large countries to detriment of the small ones (2), and economic crisis (3). This...
The Detection and Prevention of Financial Frauds in Order to Strengthen the Financial Performance of Companies in Republic of Srpska
The global trends, economic and fnancial crisis, as well as numerous corporate and banking scandals and downs caused by fnancial frauds require review and active advancement of former theoretical postulates and professio...