Impact of Public R@D Expenditure on Economic Growth in Selected EU Countries

Result code in IS VaVaI
<a href="https://www.isvavai.cz/riv?ss=detail&h=RIV%2F47813059%3A19520%2F16%3A00010715" target="_blank" >RIV/47813059:19520/16:00010715 - isvavai.cz</a>
Result on the web
<a href="http://old.konferencijos.vgtu.lt/bm.vgtu.lt/public_html/index.php/bm/bm_2016" target="_blank" >http://old.konferencijos.vgtu.lt/bm.vgtu.lt/public_html/index.php/bm/bm_2016</a>
DOI - Digital Object Identifier
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Result language
angličtina
Original language name
Impact of Public R@D Expenditure on Economic Growth in Selected EU Countries
Original language description
The aim of the paper is to investigate influence of research and development (R@D) expenditure on economic growth in 20 selected EU member states in the period 1995-2013, time span is also divid-ed into a pre-crisis and a post-crisis period. Basic source of data is Eurostat database.The research is based on a dynamic panel regression model (GMM) and estimations are based on Arellan-Bond es-timator (1991). Results confirm positive and statistically significant impact of government R@D ex-penditure, which is the main driver for economic growth during the analysed period. Importance and positive impact of higher education R@D expenditure increases in the post-crisis period. Contrary, business expenditure is found to be insignificant. Traditional growth variables (a higher share of qualified human resources and a higher intensity of investment) report positive effect, although in-vestment only partly.
Czech name
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Czech description
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Publication year
2016
Confidentiality
S - Úplné a pravdivé údaje o projektu nepodléhají ochraně podle zvláštních právních předpisů

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