PREMISES OF KNOWLEDGE BASED ECONOMY IN ROMANIA

Abstract

In order to establish the premises of knowledge based economy (KBE) in Romania we have to measure the inputs of knowledge. This study is presenting the stage of transition at knowledge-based economy of Romania by measuring four important indicators: research and development expenditures as percentage of GDP, human resources in science and technology as a share of labor force, the number of patents filled at the European Patent Office or under the European Patent Convention and the volume of high-tech exports. By comparing Romania’s results with those of the EU countries we will have a complete picture of our country’s stage of transition and where we should improve in order to be competitive at an international level.

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