R&D expenditure and economic growth: EU28 evidence for the period 2002–2012
Journal Title: Economic Research-Ekonomska Istraživanja - Year 2016, Vol 29, Issue 1
Abstract
In this paper, we investigate the influence of R&D expenditure on economic growth in the EU28 during the period of 2002–2012. For this purpose, we constructed a multiple regression model, which showed that, ceteris paribus, an increase in R&D expenditure as a percentage of GDP by 1% would cause an increase of real GDP growth rate by 2.2%. This model takes into consideration actual financial crises and emphasises the negative influence of fertility rate in the EU28 on economic growth. We believe that the achieved research results can be beneficial to the economic policy makers in the innovation and demographic areas.
Authors and Affiliations
Svetlana Sokolov-Mladenović, Slobodan Cvetanović, Igor Mladenović
Keywords
Related Articles
- EP ID EP203848
- DOI 10.1080/1331677X.2016.1211948
- Views 57
- Downloads 0
‘Guaranteed lowest prices: do they facilitate collusion?’: Revisited
We examine the effect of guaranteed lowest price clauses (G.L.P.). First, we correct the proof of Logan and Lutter’s main result that it is the unique equilibrium outcome for firms adopting G.L.P. to charge collusive pri...
Drivers of entrepreneurial intentions among business students in Macedonia
Studies find that entrepreneurial intentions determine the likelihood of starting a business whereas the Theory of Planned Behaviour suggests that intentions capture the motivational aspect of behaviour and are dependent...
Selecting a better valuation model to measure bubble level of stocks price: empirical study from internet-based finance stocks in A-share market
As a star of emerging industries in China, internet-based finance has been developing rapidly. This paper, considers selecting a more suitable valuation model to measure the intrinsic value and price bubble of Internet-b...
Efficiency in the hotel industry: an empirical examination of the most influential factors
The purpose of this article is to provide insights into hotel efficiency and investigate which hotels are performing better. Hotel efficiency is examined using data envelopment analysis (DEA) and the outputoriented BCC m...
Management culture and mobbing in a social organisation: whether a special status provides a guarantee of safety
The authors of the article present the findings of the research conducted in a social organisation. The main findings reveal that cases of mobbing in employees’ interrelations have been recorded in the organisation. More...