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The goal of this paper is to determine whether the increase in the number of registered patents per million inhabitants, as a measure of market verification of the results of R&D activities, affects economic growth and the increase in the country's innovation index. The empirical research covered two countries - Romania and Bulgaria. Given that the main task of the research was to accurately measure the investigated phenomena and discover the connection between them, the analysis was based on a quantitative research design. The analysis used secondary data from the international databases of the World Bank and World Intellectual Property Organization, covering the period from 2008 to 2018. The results of the empirical research showed that no correlations were found, which means that in the cases of Romania and Bulgaria, there is no dependence between the increase in the number of registered patents per million inhabitants and the growth of the innovation index and GDP per capita. [ABSTRACT FROM AUTHOR]

The paper addresses an extremely current phenomenon: migration in opposite directions of FDI and labour, in context with the permanent need for economic growth and welfare. The analysis is carried out over a period of 12 years, in the context of setting objectives and working hypotheses regarding the realization of a correlation model of phenomena and optimization of migration flows in order to obtain welfare through economic development. The results of the research will reflect the relevance of the aggregation of the two migratory flows (FDI and labour) in order to obtain the financial leverage effect and the economic welfare in the analysed regions (EU, Germany and Romania).The conclusions of the study reflect the relevance of the method, the validity of the model and its relevance for the decision forums interested in the economic development and in increasing the population welfare. [ABSTRACT FROM AUTHOR]

Following the path prescribed by Acemoglu and Robinson, development disparities can be better interpreted in the light of the effectiveness of political and economic institutions which rule society. From this perspective, the post-communist economies provide enough evidence when addressing the transition strategies followed in order to shape the market economy. Our paper analyses the impact of private property reform on the economic outcomes of Romania and the Czech Republic, as exponents of the two transition strategies. We employ a Vector Error Correction Model, followed by a Variance decomposition and a Granger Causality to emphasize the contribution of dissimilar property reforms to the economic dynamics. The results highlight that clear property rights in the Czech Republic have created the auspicious circumstances for enhancing growth and prosperity while, for Romania, it became an obstacle against economic growth. [ABSTRACT FROM AUTHOR]