| Title: | Productivity and economic growth in the European Union : impact of investment in research and development |
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| Authors: | Nekrep, Andreja (Author)
Strašek, Sebastjan (Author)
Boršič, Darja (Author) |
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| Files: |  Nase_gospodarstvoOur_economy_2018_Nekrep,_Strasek,_Borsic_Productivity_and_Economic_Growth_in_the_European_Union_Impact_of_Investment_in.pdf (852,11 KB)
MD5: EC6F8A122E0216BAAF566F3E3F470352
 http://www.degruyter.com/view/j/ngoe.2018.64.issue-1/ngoe-2018-0003/ngoe-2018-0003.xml
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| Language: | English |
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| Work type: | Scientific work (r2) |
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| Typology: | 1.01 - Original Scientific Article |
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| Organization: | EPF - Faculty of Business and Economics
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| Abstract: | 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. |
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| Keywords: | investment in research and development, productivity, economic growth, correlation, panel analysis |
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| Year of publishing: | 2018 |
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| Number of pages: | str. 18-27 |
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| Numbering: | št. 1, Letn. 64 |
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| ISSN: | 0547-3101 |
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| UDC: | 330.35:005.412 |
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| ISSN on article: | 0547-3101 |
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| COBISS_ID: | 12997660  |
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| DOI: | 10.2478/ngoe-2018-0003 |
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| NUK URN: | URN:SI:UM:DK:1JQERPMK |
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| Views: | 708 |
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| Downloads: | 101 |
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| Metadata: |     |
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| Categories: | Misc.
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