R&D INVESTMENTS IN SLOVENIA

• Authors: Mrkaic Mico , Pezdir Rado
• Languages of publication: EN

Abstracts

EN

The study analyzes the potential impact of implementation of the Lisbon strategy on Slovenian economic performance. The focus of our work is the recommendation of the strategy that the EU members should invest 3 percent of their GDP in research and development (R&D). We analyze this recommendation using comparative descriptive analysis and a simulation of research output with the neural networks. On the example of Slovenia we show that the Lisbon targets, especially the goal of investing 3 percent of GDP in R&D, are not necessarily a part of an efficient economic policy. There is no necessary connection between increases in R&D spending and economic efficiency. The investments in R&D are strongly related to the interactions between the research sector and businesses and depend on the market players while the economic policy makers should do their best to support R&D activities through the structural reforms. This policy prescription applies primarily for the transition countries.

Keywords

EN

ECONOMIC POLICY; LISBON TARGETS; R&D INVESTMENTS (SLOVENIA); TRANSITION

Discipline

• ECONOMICS: ECONOMICS

• Publisher: Institute of Slovak and World Economics and Institute for Forecasting, Slovak Academy of Sciences
• Journal: Ekonomický časopis (Journal of Economics)
• Year: 2007
• Volume: 55
• Issue: 9
• Pages: 873-885
• Document type: ARTICLE

Contributors

author

Mrkaic Mico

author

Pezdir Rado

• M. Mrkaic, Ekonomicky ustav SAV, Sancova 56, 811 05 Bratislava 1, Slovak Republic

Identifiers

CEJSH db identifier

08SKAAAA03757535