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

Kód výsledku v 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>

Výsledek na webu

<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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Jazyk výsledku

angličtina

Název v původním jazyce

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

Popis výsledku v původním jazyce

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.

Název v anglickém jazyce

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

Popis výsledku anglicky

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.

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

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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Počet stran výsledku

12

Strana od-do

687-698

Název nakladatele

Slezská univerzita

Místo vydání

Karviná

Místo konání akce

Petrovice u Karviné

Datum konání akce

14. 9. 2016

Typ akce podle státní příslušnosti

EUR - Evropská akce

Kód UT WoS článku

000403638200072