Czech regions: Relationship between Research and Development expenditure and economic strength

Result code in IS VaVaI

<a href="https://www.isvavai.cz/riv?ss=detail&h=RIV%2F00216305%3A26510%2F19%3APU135380" target="_blank" >RIV/00216305:26510/19:PU135380 - isvavai.cz</a>

Result on the web

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DOI - Digital Object Identifier

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Result language

angličtina

Original language name

Czech regions: Relationship between Research and Development expenditure and economic strength

Original language description

Purpose of the article The economic strength of a country can be measured through the GDP. R&D expenditure is one of the economic indicators, which influence the economic performance of the country. The difference in the level of GDP and R&D expenditure should be kept in sustainable limits for the welfare of the country as a whole. The analysis of the relationship between GDP and R&D expenditure can serve as the basis for the fiscal policy on a regional level. Methodology/methods To test the autocorrelation of time series, the Durbin-Watson test used. The correlation analysis found to be suitable for searching for the influence of the selected variables. Scientific aim The aim of the article is to analyse the interdependence of R & D expenditure and of the GDP of individual regions of the Czech Republic in the period 2005 – 2017. Findings The Durbin Watson test excluded the autocorrelation of the selected variables. Authors performed statistical testing and correlation analysis. The correlation analysis did not confirm the correlation between R & D expenditure and regional GDP. An only slightly positive correlation was identified in the Central Bohemia region with a GDP + 1 prediction indicator. It is clear from the results that the selected indicators are almost independent of each other. Conclusions The relationship R & D expenditure and GDP is seen as a source of growth in the standard of living of the population in many professional works. This research did not show the interdependence of R & D expenditures and GDP in the regions of the Czech Republic. Despite the fact that delays of individual indicators were observed by one or two years respectively. The dependence of R & D expenditure growth on GDP was not confirmed.

Czech name

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Czech description

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Type

D - Article in proceedings

CEP classification

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OECD FORD branch

50204 - Business and management

Project

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Continuities

S - Specificky vyzkum na vysokych skolach

Publication year

2019

Confidentiality

S - Úplné a pravdivé údaje o projektu nepodléhají ochraně podle zvláštních právních předpisů

Article name in the collection

PERSPECTIVES OF BUSINESS AND ENTREPRENEURSHIP DEVELOPMENT IN DIGITAL TRANSFORMATION OF CORPORATE BUSINESS

ISBN

978-80-214-5756-0

ISSN

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e-ISSN

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Number of pages

11

Pages from-to

17-27

Publisher name

Neuveden

Place of publication

Neuveden

Event location

Fakulta podnikatelská VUT v Brně

Event date

Apr 30, 2019

Type of event by nationality

EUR - Evropská akce

UT code for WoS article

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