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

Title:Naše gospodarstvo
Shortened title:Naše gospod.
Publisher:Ekonomsko-poslovna fakulteta Univerze v Mariboru, Društvo ekonomistov Maribor, Ekonomski center Maribor, Sciendo
ISSN:0547-3101
COBISS.SI-ID:751364 New window

Document is financed by a project

Funder:ARRS - Agencija za raziskovalno dejavnost Republike Slovenije (ARRS)
Project no.:P5-0027
Name:Prilagajanje slovenskega gospodarstva in razvojna identiteta Slovenije v EU

Licences

License:CC BY-NC-ND 4.0, Creative Commons Attribution-NonCommercial-NoDerivatives 4.0 International
Link:http://creativecommons.org/licenses/by-nc-nd/4.0/
Description:The most restrictive Creative Commons license. This only allows people to download and share the work for no commercial gain and for no other purposes.
Licensing start date:03.05.2018

Secondary language

Language:Slovenian
Title:Produktivnost in gospodarska rast v Evropski uniji : vpliv vlaganj v raziskave in razvoj
Abstract:V tem članku smo se osredotočili na vlaganja v raziskave in razvoj kot dejavnik produktivnosti in gospodarske rasti. Za države članice EU smo v obdobju 1995-2013 potrdili povezanost izdatkov za raziskave in razvoj, izraženih v % BDP, s produktivnostjo dela, izraženo na uro opravljenega dela. Ugotovili smo povezanost med spremenljivkama oblike konkavne parabole ter na obravnavanih podatkih opredelili vrednost vlaganj v raziskave in razvoj (2,85 % BDP EU), ki maksimira produktivnost dela. Ob tem lahko navedemo, da je cilj o vlaganjih v raziskave in razvoj v obsegu 3 % BDP, ki si ga je zastavila EU do leta 2020, v podporo doseganju maksimalne ravni produktivnosti v EU.
Keywords:gospodarstvo, gospodarska rast, produktivnost, vlaganja v raziskave in razvoj, korelacija, panelna analiza


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This document is a part of these collections:
  1. Naše gospodarstvo

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