PROMOTION OF TECHNOLOGY - BASED INNOVATIONS AND INVESTMENTS IN R&D IN LITHUANIA: AN OVERVIEW OF PROBLEMS

Abstract

The investment in R&D activities as the development and implementing of technology – based innovations in economy is still very moderate in Lithuania. In addition, the growth of investments in R&D in private sector is still moderate excluding some partial cases. Based on statistical data main causes of such situation in private and public sector (especially in higher education and research institutions) are analyzed in this paper and provides some suggestions related to faster growth of R&D development and higher competitiveness of Lithuania.