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

Kód výsledku v 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>

Výsledek na webu

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DOI - Digital Object Identifier

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Jazyk výsledku

angličtina

Název v původním jazyce

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

Popis výsledku v původním jazyce

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.

Název v anglickém jazyce

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

Popis výsledku anglicky

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.

Druh

D - Stať ve sborníku

CEP obor

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OECD FORD obor

50204 - Business and management

Projekt

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Návaznosti

S - Specificky vyzkum na vysokych skolach

Rok uplatnění

2019

Kód důvěrnosti údajů

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

Název statě ve sborníku

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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Počet stran výsledku

11

Strana od-do

17-27

Název nakladatele

Neuveden

Místo vydání

Neuveden

Místo konání akce

Fakulta podnikatelská VUT v Brně

Datum konání akce

30. 4. 2019

Typ akce podle státní příslušnosti

EUR - Evropská akce

Kód UT WoS článku

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