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 100
- Downloads 0
An empirical analysis of the leader–member exchange and employee turnover intentions mediated by mobbing: evidence from sport organisations
Despite the existence of numerous important factors that affect organisations’ efficiency and productivity, including leader–member exchange, mobbing, and employee turnover intentions, studies analysing the relationships...
The macroeconomic effects of transport infrastructure on economic growth: the case of Central and Eastern E.U. member states
This paper empirically investigates the effects of transport infrastructure on economic growth in Central and Eastern European Member States (C.E.M.S.) in the period 1995–2016. During the transition period in C.E.M.S., m...
The influence of capital expenditures on working capital management in the corporate sector of an emerging economy: the role of financing constraints
Relying on firm-level panel data from an emerging economy, this study explores the impact of fixed capital expenditure on working capital management practices. When facing insufficient internally generated cash flows and...
The effect of presidential election in the USA on stock return flow – a study of a political event
The subject of this paper is to determine the statistical significance of abnormal return that appeared on the New York Stock Exchange after the presidential election in the USA in November 2012. The analysis is focused...
Portfolio optimisation with higher moments of risk at the Pakistan Stock Exchange
Stock markets play an important role in spurring economic growth and development through diversification opportunities. However, diversification cannot be truly achieved if we continue to ignore additional dimensions of...