J 2017

Does public RandD expenditure matter for economic growth? GMM approach

SZAROWSKÁ, Irena

Základní 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.