IMPACT OF R&D INVESTMENT ON ECONOMIC GROWTH OF THE CZECH REPUBLIC ? A RECURSIVELY DYNAMIC CGE APPROACH
Identifikátory výsledku
Kód výsledku v IS VaVaI
<a href="https://www.isvavai.cz/riv?ss=detail&h=RIV%2F60460709%3A41110%2F12%3A56561" target="_blank" >RIV/60460709:41110/12:56561 - isvavai.cz</a>
Výsledek na webu
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DOI - Digital Object Identifier
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Alternativní jazyky
Jazyk výsledku
čeština
Název v původním jazyce
IMPACT OF R&D INVESTMENT ON ECONOMIC GROWTH OF THE CZECH REPUBLIC ? A RECURSIVELY DYNAMIC CGE APPROACH
Popis výsledku v původním jazyce
The paper investigates how results obtained with standard CGE models can be improved by incorporating the effects of R&D activity in a recursively-dynamic CGE model built for the economy of the Czech Republic. The main objective of the paper is to quantify the impact of R&D activity on the long-term economic growth of the Czech Republic within the recursively dynamic CGE framework. The effect of R&D investment is modelled via the accumulation of knowledge that is treated as a specifi c production factor. The main fi ndings show that knowledge accumulation can contribute to higher economic growth, but the impact of the dynamisation in the CGE model is very low. However, in terms of structural changes in the economy, the omission of knowledge capitalization might underestimate the tertiary sector in the longer run. The paper also investigates the effi ciency of R&D investment and concludes that in the longer run, investment in capital goods is more effi cient in achieving higher economic
Název v anglickém jazyce
IMPACT OF R&D INVESTMENT ON ECONOMIC GROWTH OF THE CZECH REPUBLIC ? A RECURSIVELY DYNAMIC CGE APPROACH
Popis výsledku anglicky
The paper investigates how results obtained with standard CGE models can be improved by incorporating the effects of R&D activity in a recursively-dynamic CGE model built for the economy of the Czech Republic. The main objective of the paper is to quantify the impact of R&D activity on the long-term economic growth of the Czech Republic within the recursively dynamic CGE framework. The effect of R&D investment is modelled via the accumulation of knowledge that is treated as a specifi c production factor. The main fi ndings show that knowledge accumulation can contribute to higher economic growth, but the impact of the dynamisation in the CGE model is very low. However, in terms of structural changes in the economy, the omission of knowledge capitalization might underestimate the tertiary sector in the longer run. The paper also investigates the effi ciency of R&D investment and concludes that in the longer run, investment in capital goods is more effi cient in achieving higher economic
Klasifikace
Druh
J<sub>x</sub> - Nezařazeno - Článek v odborném periodiku (Jimp, Jsc a Jost)
CEP obor
AH - Ekonomie
OECD FORD obor
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Návaznosti výsledku
Projekt
<a href="/cs/project/GPP402%2F11%2FP678" target="_blank" >GPP402/11/P678: Hodnocení vlivu výzkumu a vývoje na ekonomický růst České republiky s využitím modelu obecné rovnováhy</a><br>
Návaznosti
P - Projekt vyzkumu a vyvoje financovany z verejnych zdroju (s odkazem do CEP)
Ostatní
Rok uplatnění
2012
Kód důvěrnosti údajů
S - Úplné a pravdivé údaje o projektu nepodléhají ochraně podle zvláštních právních předpisů
Údaje specifické pro druh výsledku
Název periodika
Prague Economic Papers
ISSN
1210-0455
e-ISSN
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Svazek periodika
N
Číslo periodika v rámci svazku
4
Stát vydavatele periodika
CZ - Česká republika
Počet stran výsledku
22
Strana od-do
412-433
Kód UT WoS článku
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EID výsledku v databázi Scopus
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