Econometric analysis of SMEs in Eurozone

@article{32038,
   author = {Krkošková, Radmila},
   article_number = {1},
   keywords = {error correction model; expenditure on R@D; Granger causality; labour productivity; regression analysis; small and medium-size enterprises; Solow model},
   language = {eng},
   issn = {2300-5947},
   journal = {Forum Scientiae Oeconomia},
   title = {Econometric analysis of SMEs in Eurozone},
   volume = {6},
   year = {2018}
}

TY  - JOUR
ID  - 32038
AU  - Krkošková, Radmila
PY  - 2018
TI  - Econometric analysis of SMEs in Eurozone
JF  - Forum Scientiae Oeconomia
VL  - 6
IS  - 1
SP  - 19-29
EP  - 19-29
SN  - 23005947
KW  - error correction model
KW  - expenditure on R@D
KW  - Granger causality
KW  - labour productivity
KW  - regression analysis
KW  - small and medium-size enterprises
KW  - Solow model
N2  - The purpose of this paper is to empirically investigate the relationship between labour productivity (LP) and government spending on research and development (R@D) in the Eurozone. In particular, its purpose is to investigate this relationship in the case of small and medium enterprises (SMEs). By utilizing causality tests and error correction models, the results suggest that support of research and development is the cause of labour productivity growth in the long-term period. However, for the short-term period changes in labour productivity precede changes in government spending on research and development. Based on the findings, the study has several theoretical and practical implications. The data sources were the Eurostat database. The data used have the character of annual time series in the period between 2004 and 2015. GRETL software was used for the calculations.
ER  - 

KRKOŠKOVÁ, Radmila. Econometric analysis of SMEs in Eurozone. \textit{Forum Scientiae Oeconomia}. 2018, roč.~6, č.~1, s.~19-29. ISSN~2300-5947.