Does research and development expenditure impact innovation? Evidence from the European Union countries

被引：49

作者：

Pegkas, Panagiotis ^{[1
]}

Staikouras, Christos ^{[2
]}

Tsamadias, Constantinos ^{[3
]}

机构：

[1] Univ Thessaly, Sch Sci, Papasiopoulou 2-4, GR-35100 Lamia, Greece

[2] Athens Univ Econ & Business, Sch Business Adm, Derigni 12, GR-10434 Athens, Greece

[3] Harokopio Univ, Sch Environm Geog & Appl Econ, El Venizelou 70, GR-17671 Athens, Greece

来源：

JOURNAL OF POLICY MODELING | 2019年 / 41卷 / 05期

关键词：

R&D; Innovation; Public policy; European Union; Panel data; AUTOREGRESSIVE TIME-SERIES; TESTS; COINTEGRATION; GROWTH; POLICY; PRODUCTIVITY; SPILLOVERS; REGRESSION; PRICE;

D O I：

10.1016/j.jpolmod.2019.07.001

中图分类号：

F [经济];

学科分类号：

02 ;

摘要：

This study empirically investigates the relationship between innovation and Research & Development expenditure in European Union countries over the period 1995-2014. The findings of the empirical analysis show that there is a co-integration relationship between innovation and R&D. The results also reveal the existence of a positive and significant effect of business, public and higher education R&D on innovation. Business R&D is the sector with the highest positive effect on innovation. The results indicate that EU should strengthen the cooperation between business, public and higher education R&D through the encouragement of partnerships between the private sector, R&D and innovation system. (C) 2019 The Society for Policy Modeling. Published by Elsevier Inc. All rights reserved.

引用

页码：1005 / 1025

页数：21

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