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

Kód výsledku v 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>

Výsledek na webu

<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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Jazyk výsledku

angličtina

Název v původním jazyce

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

Popis výsledku v původním jazyce

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.

Název v anglickém jazyce

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

Popis výsledku anglicky

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.

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

2016

Kód důvěrnosti údajů

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

Název statě ve sborníku

9th International Scientific Conference

ISBN

978-609-457-921-9

ISSN

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e-ISSN

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Počet stran výsledku

8

Strana od-do

neuvedeno

Název nakladatele

VGTU Press

Místo vydání

Vilnius

Místo konání akce

Vilnius Gediminas Technical University

Datum konání akce

12. 5. 2016

Typ akce podle státní příslušnosti

WRD - Celosvětová akce

Kód UT WoS článku

000406677200016