Does public R@D expenditure effect on economic growth in CEE Countries?

Result code in IS VaVaI
<a href="https://www.isvavai.cz/riv?ss=detail&h=RIV%2F47813059%3A19520%2F16%3A00010717" target="_blank" >RIV/47813059:19520/16:00010717 - isvavai.cz</a>
Result on the web
<a href="http://www.slu.cz/opf/cz/struktura/katedry/katedra-ekonomie-a-verejne-spravy/konference-kek-2016/sbornik" target="_blank" >http://www.slu.cz/opf/cz/struktura/katedry/katedra-ekonomie-a-verejne-spravy/konference-kek-2016/sbornik</a>
DOI - Digital Object Identifier
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Result language
angličtina
Original language name
Does public R@D expenditure effect on economic growth in CEE Countries?
Original language description
The aim of the paper is to quantify effect of public R@D expenditure on economic growth. The empirical evidence is focused on 8 selected Central and Eastern European countries (Bulgaria, Czech Republic, Hungary, Latvia, Poland, Romania, Slovak Republic and Slovenia) in the period 1995-2014 and attention is also given to impact of a crisis. The research is based on dynamic panel regression. Basic source of data is Eurostat database, which is complemented by information from statistical offices and OECD. The findings confirm that increase of government R@D expenditure contributes to the economic growth and its effect on economic growth is stronger than traditional growth variables. Results suggest that higher government R@D expenditure by 1% increases economic growth by 2%. Increment of qualified human capital (expressed as HRST) reports also positive and significant effect. Impact of investment increase is reported as minimal and significant only in one case. Contrary, business R@D expenditure and higher education R@D expenditure are found insignificant. The reported effect of the crisis on economic growth is negative and statistically significant as was expected.
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
Proceedings of the 14th International Scientific Conference on Economic Policy in the European Union Member Countries
ISBN
978-80-7510-210-2
ISSN
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e-ISSN
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Number of pages
12
Pages from-to
687-698
Publisher name
Slezská univerzita
Place of publication
Karviná
Event location
Petrovice u Karviné
Event date
Sep 14, 2016
Type of event by nationality
EUR - Evropská akce
UT code for WoS article
000403638200072

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