Government Support of Science and the Impact of the Crisis: The Case of the EU Countries
Identifikátory výsledku
Kód výsledku v IS VaVaI
<a href="https://www.isvavai.cz/riv?ss=detail&h=RIV%2F47813059%3A19520%2F22%3AA0000331" target="_blank" >RIV/47813059:19520/22:A0000331 - isvavai.cz</a>
Výsledek na webu
<a href="https://www.amfiteatrueconomic.ro/RevistaDetalii_EN.aspx?Cod=1221" target="_blank" >https://www.amfiteatrueconomic.ro/RevistaDetalii_EN.aspx?Cod=1221</a>
DOI - Digital Object Identifier
<a href="http://dx.doi.org/10.24818/EA/2022/S16/989" target="_blank" >10.24818/EA/2022/S16/989</a>
Alternativní jazyky
Jazyk výsledku
angličtina
Název v původním jazyce
Government Support of Science and the Impact of the Crisis: The Case of the EU Countries
Popis výsledku v původním jazyce
The paper investigates government R&D spending during the business cycle. When analyzing this expenditure, it is important to mention two opposing aspects: on the one hand, government spending on R&D can be seen as a stimulus measure for the government to mitigate the effects of the recession on the economy, – governments can decide to increase public spending on R&D. However, on the other hand, the recession reduces public budget revenues and prompts governments to reduce public spending, which very often negatively affects R&D spending. Using panel data from 22 European Union countries for the period 2005 to 2019, we examine how government R&D expenditure varies over the business cycle. Four estimates were performed in which explanatory variables were gradually added to the model (OLS approach). The GMM approach includes all the variables at once. The coefficient for government R&D expenditure is positive, high, and remains stable. This implies that expenditure changes only gradually. The estimates give us evidence regarding the pro-cyclical effect on government R&D expenditure and the Keynesian approach to economic policy.
Název v anglickém jazyce
Government Support of Science and the Impact of the Crisis: The Case of the EU Countries
Popis výsledku anglicky
The paper investigates government R&D spending during the business cycle. When analyzing this expenditure, it is important to mention two opposing aspects: on the one hand, government spending on R&D can be seen as a stimulus measure for the government to mitigate the effects of the recession on the economy, – governments can decide to increase public spending on R&D. However, on the other hand, the recession reduces public budget revenues and prompts governments to reduce public spending, which very often negatively affects R&D spending. Using panel data from 22 European Union countries for the period 2005 to 2019, we examine how government R&D expenditure varies over the business cycle. Four estimates were performed in which explanatory variables were gradually added to the model (OLS approach). The GMM approach includes all the variables at once. The coefficient for government R&D expenditure is positive, high, and remains stable. This implies that expenditure changes only gradually. The estimates give us evidence regarding the pro-cyclical effect on government R&D expenditure and the Keynesian approach to economic policy.
Klasifikace
Druh
J<sub>imp</sub> - Článek v periodiku v databázi Web of Science
CEP obor
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OECD FORD obor
50202 - Applied Economics, Econometrics
Návaznosti výsledku
Projekt
—
Návaznosti
I - Institucionalni podpora na dlouhodoby koncepcni rozvoj vyzkumne organizace
Ostatní
Rok uplatnění
2022
Kód důvěrnosti údajů
S - Úplné a pravdivé údaje o projektu nepodléhají ochraně podle zvláštních právních předpisů
Údaje specifické pro druh výsledku
Název periodika
Amfiteatru Economic
ISSN
1582-9146
e-ISSN
—
Svazek periodika
24
Číslo periodika v rámci svazku
Special Issue 16
Stát vydavatele periodika
RO - Rumunsko
Počet stran výsledku
12
Strana od-do
989-1000
Kód UT WoS článku
000880319000007
EID výsledku v databázi Scopus
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