Does public R&D expenditure matter for economic growth? GMM approach

• Autorzy: Irena Szarowská
• Języki publikacji: EN

Abstrakty

EN

The aim of the paper is to quantify the impact of public research and development (R&D) expenditure on economic growth. The empirical evidence focuses on the 20 selected EU member states in the period of 1995-2013. The research is based on a dynamic panel regression model (Generalized Method of Moments). The results confirm positive and statistically significant impact of government R&D expenditure, which is the main driver for economic growth during the analysed period. Contrary, business expenditure on the same is found to be insignificant. Traditional growth variables (higher share of qualified human resources and higher intensity of investments) report the positive effects, although in the case of investments - only partial one. The significance for R&D coefficient remains robust to different sub-periods. (original abstract)

Słowa kluczowe

EN

Economic growth; Public expenditures; R&D facility research; Generalized method of moments (GMM)

PL

Wzrost gospodarczy; Wydatki publiczne; Placówki badawczo-rozwojowe; Uogólniona metoda momentów

• Czasopismo: Journal of International Studies
• Rocznik: 2017
• Tom: 10
• Numer: nr 2
• Strony: 90--103

Twórcy

autor

Irena Szarowská

• School of Business Administration, Silesian University, Karviná, Czech Republic

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Identyfikatory

DOI

10.14254/2071-8330.2017/10-2/6