Serban Miclea Politehnica University of Timisoara   Politehnica University of Timisoara P-ta. Victoriei, no. 2 CIF 4269282 Timisoara, Timiș 300560 România   serban.miclea@upt.ro             JEL Areas: O3 : Technological Change; Research and Development: General G0 : Financial Economics: General