Iskanje po katalogu digitalne knjižnice

Opis: This paper focuses on investment in research and development as a factor of labour productivity and economic growth. Our analysis confirms the link between expenditure for research and development (expressed in % of GDP) and labour productivity (expressed in the number of hours worked) based on selected data for EU Member States in the period 1995-2013. A causal link between variables of the concave parabola was confirmed, and the value of expenditure for research and development (2.85% of EU GDP) maximising productivity (per hour of work) was determined based on the examined data. In accordance with these findings, EU’s target of reaching 3% of GDP spent on research and development to be achieved by 2020 seems in support of reaching maximum productivity in the EU.
Ključne besede: investment in research and development, productivity, economic growth, correlation, panel analysis
Objavljeno v DKUM: 03.05.2018; Ogledov: 1991; Prenosov: 227
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