AVRAM, Alexandru; AVRAM, Costin Daniel; AVRAM, Veronel - In: Romanian Journal of Economics 39 (2014) 2(48), pp. 49-66
At the microeconomic level, the research and development costs are included in a broader category known as "discretionary costs", i.e. they are not mandatory and occur as a result of managerial decisions. At the macroeconomic level, research and development spending stimulates innovation and...