Business Sector Investment in R&D as a Factor for Improving Innovation - Evidence from Hungary, Romania, Bulgaria, and Serbia

被引:3
|
作者
Domazet, Ivana [1 ,2 ]
Marjanovic, Darko [1 ,2 ]
Ahmetagic, Deniz [3 ]
Bugarcic, Milica [4 ]
Simovic, Vladimir [5 ,6 ]
机构
[1] Inst Econ Sci, Digital Econ Dept, Belgrade, Serbia
[2] Inst Econ Sci, Macroecon Dept, Belgrade, Serbia
[3] Univ Novi Sad, Fac Econ Subot, Subotica, Serbia
[4] Belgrade Banking Acad, Fac Banking Insurance & Finance, Belgrade, Serbia
[5] Inst Econ Sci, Digital Econ Dept, Belgrade, Serbia
[6] Australian Univ, Sci Res Ctr, Misref, Kuwait
关键词
Business sector; GDP; innovation; investment; R&D; NATIONAL INNOVATION; PERFORMANCE; CONVERGENCE; CRISIS; IMPACT; PANEL;
D O I
10.1080/00128775.2023.2281453
中图分类号
F [经济];
学科分类号
02 ;
摘要
The purpose of this paper is to investigate whether a country's innovative capacity increases when the business sector invests more in research and development. The empirical investigation covers Serbia and its three neighboring countries in the European Union - Hungary, Romania, and Bulgaria - for the period from 2011 to 2021. The results indicate that an increase in investment by the business sector at the current level of GDP influences the increase in innovation in the case of Serbia, Hungary, and Bulgaria.
引用
收藏
页码:50 / 68
页数:19
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