Research and Development Expenditures and Economic Growth in the EU: A Panel Data Analysis

• Authors: Rita Freimane , Signe Bāliņa
• Languages of publication: EN

Abstracts

EN

The main aim of the paper is to investigate the empirical relationship between research and development (R&D) expenditures and economic growth in the European Union member states in the period of 2000–2013. The empirical analysis is based on panel data regressions. The estimated model is the production function type standard growth model extended with R&D stock variable. The results show a statistically significant impact of R&D expenditures on the economic growth in the EU countries. The significance for R&D coefficient remains robust to different sub-periods, but the level of significance decreases as a sub-sample of new EU countries was considered.

Keywords

EN

Economic growth; panel data analysis; research and development expenditures

• Publisher: Sciendo
• Journal: Economics and Business
• Year: 2016
• Volume: 29
• Issue: 1
• Pages: 5-11

Dates

published

2016-08-01

online

2016-09-10

Contributors

author

Rita Freimane

• University of Latvia

author

Signe Bāliņa

• University of Latvia

Identifiers

DOI

10.1515/eb-2016-0016