Importance of R&amp;D expenditure for economic growth in selected CEE countries

Szarowská, Irena

doi:10.15240/tul/001/2018-4-008

Cited by 10 publications

(3 citation statements)

References 32 publications

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“…Moutinho (2017) reported that government R&D investment could be effective in enhancing GDP growth, even in technologically underdeveloped regions, and could also enhance mass-market employment growth, but only if coupled with effective corporate R&D. Edquist and Henrekson (2017) reported that both ICT and R&D capital are positively associated with value added in the Swedish non-farm business sector. Szarowská (2018) found that dynamic panel analysis conclusively confirms a positive and significant impact of R&D expenditure on economic growth in Central and Eastern European (CEE) countries. Sokolov-Mladenović et al (2016) reached the same conclusion.…”

Section: Theoretical Frameworkmentioning

confidence: 89%

An analysis of the paradox in R&D. Insight from a new spatial heterogeneity model

Yu¹,

Devece²,

Martínez³

et al. 2021

Technological Forecasting and Social Change

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Section: Theoretical Frameworkmentioning

confidence: 89%

An analysis of the paradox in R&D. Insight from a new spatial heterogeneity model

Yu¹,

Devece²,

Martínez³

et al. 2021

Technological Forecasting and Social Change

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“…Many studies focus on African or South Asian economies, but these are not the subject of investigation and literature review due to very different characteristics. This article follows the study by Szarowská (2011Szarowská ( , 2018 who analyzed the Czech Republic and V4 in a transition period which makes it possible to obtain information about the differences in the later development of these economies.…”

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confidence: 99%

Relationship between government expenditure and economic growth in Visegrad Group

Szarowská

2022

Financial Internet Quarterly

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The goal of the article is to examine the relationship between government expenditure and economic growth in the Visegrad Group in the period 2000-2020. Economic theory as well as published studies have suggested that government expenditure is an important factor in ensuring economic growth, which has been the subject of increased interest in recent years. The article focuses on development of government expenditure, changes in its composition in individual countries during the analyzed period, and also on the direction of influence between these variables. Real GDP time series were cyclically adjusted as well as annual data on government expenditure which were used in compliance with the COFOG international standard. The results suggest that government expenditure and their composition are similar in the Visegrad Group despite the existing differences in the size of the public sector. On the other hand, the cyclicality of government expenditure differs across the countries. Results suggest that countries of the Visegrad Group did not use government expenditure as a stabilizer in the monitored period. Government expenditure was acyclical in Slovakia and procyclical in other countries of the Vise-grad Group. Applied Granger causality methodology provides mixed conclusions about the relationship between government expenditure and economic growth. Nevertheless, unidirectional Granger causality from GDP growth to government expenditure and its divisions predominates, which means that economic growth comes first, followed by government expenditure.

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“…This approach was chosen because it performs better for panel data than the frequently applied Granger analysis. Where Granger causality analysis is employed for panel data, its viability depends on the selected number of items (N) within a given time horizon (T) (Jangam 2021;Szarowská 2018;Dumitrescu and Hurlin 2012). Conversely, DHPC is better equipped to understand the interconnections between nations; it is also more robust to heterogeneity.…”

Section: Dumitrescu-hurlin Panel Causality Analysismentioning

confidence: 99%

The Association between Foreign Investment and Gross Domestic Product in Ten ASEAN Countries

Sijabat

2023

Economies

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Although empirical studies of the link between foreign direct investment, foreign portfolio investment, and economic development have long influenced economic studies, the results have been inconclusive. Focusing on ten countries, this study contributes to our understanding of foreign investment as a determinant of regional economic performance. More specifically, this study seeks to analyze the short- and long-term relationship between foreign direct investment, foreign portfolio investment, and Gross Domestic Product (GDP) in ten ASEAN member states using data from the 2009–2020 period. For this examination, this study employs a cross-sectional dependency test, followed by panel unit root and panel cointegration testing. From the results of this test, Dumitrescu–Hurlin Panel Causality (DHPC) analysis is conducted. These results show that FDI and GDP have a positive bilateral association, i.e., FDI positively affects GDP and GDP positively affects FDI, as presumed by the theory. Testing also finds bilateral causality between FPI and GDP in the ten analyzed nations. This study contributes to the literature by testing the association between FDI/FPI and GDP using fully modified least squares (FMOLS) and dynamic least squares (DMOLS) panel testing. These results show that FPI and FDI have significantly influenced GDP in ten ASEAN member states. Foreign investment has thus been shown to be the most potent means of accelerating economic development in the studied nations, and thus the governments of these ASEAN member states should formulate policies that attract foreign investors and better direct their investments.

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Importance of R&D expenditure for economic growth in selected CEE countries

Cited by 10 publications

References 32 publications

An analysis of the paradox in R&D. Insight from a new spatial heterogeneity model

An analysis of the paradox in R&D. Insight from a new spatial heterogeneity model

Relationship between government expenditure and economic growth in Visegrad Group

The Association between Foreign Investment and Gross Domestic Product in Ten ASEAN Countries

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