J 2018

Econometric analysis of SMEs in Eurozone

KRKOŠKOVÁ, Radmila

Basic information

Original name

Econometric analysis of SMEs in Eurozone

Authors

KRKOŠKOVÁ, Radmila (203 Czech Republic, guarantor, belonging to the institution)

Edition

Forum Scientiae Oeconomia, 2018, 2300-5947

Other information

Language

English

Type of outcome

Article in a journal

Field of Study

10103 Statistics and probability

Country of publisher

Poland

Confidentiality degree

is not subject to a state or trade secret

RIV identification code

RIV/47813059:19520/18:00011157

Organization unit

School of Business Administration in Karvina

Keywords in English

error correction model; expenditure on R@D; Granger causality; labour productivity; regression analysis; small and medium-size enterprises; Solow model
Changed: 21/11/2019 15:04, RNDr. Daniel Jakubík

Abstract

V originále

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.