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
相关论文
共 50 条
  • [41] Intergenerational power gap and R&D investment: Evidence from China
    Zhao, Yong
    Yang, Xi
    Xin, Daqi
    Zhou, Wencang
    Zhang, Shuaijun
    Wang, Liying
    JOURNAL OF INNOVATION & KNOWLEDGE, 2023, 8 (02):
  • [42] Agency theory and the context for R&D investment: Evidence from Korea
    Taeyoung Yoo
    Mooweon Rhee
    Asian Business & Management, 2013, 12 : 227 - 252
  • [43] Institutional determinants of R&D investment: Evidence from emerging markets
    Alam, Ashraful
    Uddin, Moshfique
    Yazdifar, Hassan
    TECHNOLOGICAL FORECASTING AND SOCIAL CHANGE, 2019, 138 : 34 - 44
  • [44] Agency theory and the context for R&D investment: Evidence from Korea
    Yoo, Taeyoung
    Rhee, Mooweon
    ASIAN BUSINESS & MANAGEMENT, 2013, 12 (02) : 227 - 252
  • [45] CREDIT CONSTRAINTS AND THE CYCLICALITY OF R&D INVESTMENT: EVIDENCE FROM FRANCE
    Aghion, Philippe
    Askenazy, Philippe
    Berman, Nicolas
    Cette, Gilbert
    Eymard, Laurent
    JOURNAL OF THE EUROPEAN ECONOMIC ASSOCIATION, 2012, 10 (05) : 1001 - 1024
  • [46] R&D subsidies and business R&D: Evidence from high-tech manufacturing firms in Jiangsu
    Liu, Xiaolu
    Li, Xiaoyu
    Li, Honglin
    CHINA ECONOMIC REVIEW, 2016, 41 : 1 - 22
  • [47] Does public R&D funding crowd-in private R&D investment? Evidence from military R&D expenditures for US states
    Pallante, Gianluca
    Russo, Emanuele
    Roventini, Andrea
    RESEARCH POLICY, 2023, 52 (08)
  • [48] Effects of public procurement of R&D on the innovation process: evidence from the UK small business research initiative
    Selviaridis, Kostas
    JOURNAL OF PUBLIC PROCUREMENT, 2021, 21 (03) : 229 - 259
  • [49] Innovation, R&D cooperation and labor recruitment: evidence from Finland
    Simonen, Jaakko
    McCann, Philip
    SMALL BUSINESS ECONOMICS, 2008, 31 (02) : 181 - 194
  • [50] R&D expenditures and future innovation: evidence from the chemical industry
    Sun, Li
    INTERNATIONAL JOURNAL OF LAW AND MANAGEMENT, 2015, 57 (05) : 552 - 560