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

Kód výsledku v 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>

Výsledek na webu

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DOI - Digital Object Identifier

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Jazyk výsledku

angličtina

Název v původním jazyce

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

Popis výsledku v původním jazyce

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.

Název v anglickém jazyce

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

Popis výsledku anglicky

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.

Druh

D - Stať ve sborníku

CEP obor

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OECD FORD obor

50206 - Finance

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

The 7th International Conference "The Future of Europe"

ISBN

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ISSN

2392-8611

e-ISSN

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Počet stran výsledku

11

Strana od-do

311-321

Název nakladatele

Bucharest University of Economic Studies

Místo vydání

Bukurešť

Místo konání akce

Bukurešť

Datum konání akce

10. 11. 2016

Typ akce podle státní příslušnosti

WRD - Celosvětová akce

Kód UT WoS článku

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