Importance of Public R@D Expenditure for Economic Growth in Selected CEE Countries

Result code in IS VaVaI
<a href="https://www.isvavai.cz/riv?ss=detail&h=RIV%2F47813059%3A19520%2F16%3A00010716" target="_blank" >RIV/47813059:19520/16:00010716 - 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
Importance of Public R@D Expenditure for Economic Growth in Selected CEE Countries
Original language description
Research and development (R@D) is of a crucial importance in a creation of knowledge, products and technologies and the role of public support is significant. The goal of the article is to quantify effect of public R@D expenditure on economic growth in selected Central and Eastern European countries (CEE). The research is based on unbalanced annual panel data. The empirical evidence is performed for 8 EU countries, namely Bulgaria, Czech Republic, Hungary, Latvia, Poland, Romania, Slovak Republic and Slovenia during the period 1995-2014. Dataset is collected from the Economy and Finance database available on the Eurostat website and OECD database. The independent variables under investigation include traditional growth variables and control variables (e.g. Gross domestic expenditure on R@D (GERD), investment ratio, a share of the active population classified as HRST, inflation, population growth, and country openness). R@D expenditure are investigated not only as total GERD, but it is also divided in its main components by performing sectors. It was confirmed positive and statistically significant impact of government R@D expenditure as well as traditional growth variables.
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

Article name in the collection
The 7th International Conference "The Future of Europe"
ISBN
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ISSN
2392-8611
e-ISSN
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Number of pages
11
Pages from-to
311-321
Publisher name
Bucharest University of Economic Studies
Place of publication
Bukurešť
Event location
Bukurešť
Event date
Nov 10, 2016
Type of event by nationality
WRD - Celosvětová akce
UT code for WoS article
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