The Impact of R&D Collaboration on Technological Innovation in European Countries
Journal Title: Academic Journal of Economic Studies - Year 2018, Vol 4, Issue 4
Abstract
The present study examines the impact of collaboration in research and development (R&D) on technological innovation in emerging and developing countries. For this purpose, we use data on R&D expenditures performed by the public sector and funded by the business sector and R&D expenditures performed by the business sector and funded by abroad for R&D collaboration, while technological innovation is measured by US patent applications. Linear regressions are applied on data for 22 countries during the period 2006-2013. Findings show that both types of collaboration increases the innovation level. The main conclusion of our study is that the promotion of R&D cooperation between all sectors of the economy is an effective instrument of innovation policy in European countries.
Authors and Affiliations
Kamilia Loukil
Keywords
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