2017
Does public RandD expenditure matter for economic growth? GMM approach
SZAROWSKÁ, IrenaZákladní údaje
Originální název
Does public RandD expenditure matter for economic growth? GMM approach
Autoři
SZAROWSKÁ, Irena (203 Česká republika, garant, domácí)
Vydání
Journal of International Studies, 2017, 2071-8330
Další údaje
Jazyk
angličtina
Typ výsledku
Článek v odborném periodiku
Obor
50202 Applied Economics, Econometrics
Stát vydavatele
Polsko
Utajení
není předmětem státního či obchodního tajemství
Odkazy
Kód RIV
RIV/47813059:19520/17:00010952
Organizační jednotka
Obchodně podnikatelská fakulta v Karviné
Klíčová slova anglicky
research and development; economic growth; direct funding; incentives; GMM
Změněno: 7. 2. 2020 10:58, RNDr. Daniel Jakubík
Anotace
V originále
The aim of the paper is to quantify the impact of public research and development (RandD) 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 RandD 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 RandD coefficient remains robust to different sub-periods.