2016
DOI: 10.1080/1331677x.2016.1211948
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R&D expenditure and economic growth: EU28 evidence for the period 2002–2012

Abstract: In this paper, we investigate the influence of R&D expenditure on economic growth in the EU28 during the period of [2002][2003][2004][2005][2006][2007][2008][2009][2010][2011][2012]. For this purpose, we constructed a multiple regression model, which showed that, ceteris paribus, an increase in R&D expenditure as a percentage of GDP by 1% would cause an increase of real GDP growth rate by 2.2%. This model takes into consideration actual financial crises and emphasises the negative influence of fertility rate i… Show more

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Cited by 82 publications
(35 citation statements)
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“…Human resource capacity building in OMICs research plays a vital role not only in health and disease but also in building a knowledge-based economy (Dandara et al, 2014;Kumwenda et al, 2017). In 2016, from a total of US$22.3 billion spent on R&D worldwide, African countries spent only US$0.25 billion (1.1%) (Sokolov-Mladenović et al, 2016). Data from the UNESCO Institute for Statistics (access date: 22/11/2019) show alarming disparities in R&D expenditure for African countries with South Africa and Egypt accounting for 60% of all represented countries (Fig.…”
Section: Economic Gapsmentioning
confidence: 99%
“…Human resource capacity building in OMICs research plays a vital role not only in health and disease but also in building a knowledge-based economy (Dandara et al, 2014;Kumwenda et al, 2017). In 2016, from a total of US$22.3 billion spent on R&D worldwide, African countries spent only US$0.25 billion (1.1%) (Sokolov-Mladenović et al, 2016). Data from the UNESCO Institute for Statistics (access date: 22/11/2019) show alarming disparities in R&D expenditure for African countries with South Africa and Egypt accounting for 60% of all represented countries (Fig.…”
Section: Economic Gapsmentioning
confidence: 99%
“…It is not just sharing of information, but also sharing of technology and techniques. The transfer of knowledge between organisations and between employees contributes to the promotion of human capital (Sokolov-Mladenovi c et al, 2016). Therefore, the firm's R&D intensity and R&D activities can improve the level of staff knowledge and ability, the organisation of knowledge and the technical level of accumulation, or generate new knowledge, affecting business performance.…”
Section: Lagged Effect Of Randd Input On Business Performancementioning
confidence: 99%
“…Her findings highlighted the need for companies to focus on R&D intensity to improve future commercial value. According to Sokolov-Mladenovi c, Cvetanovi c, and Mladenovi c (2016), R&D is used to implement laboursaving technological changes. In other words, the results of scientific research contribute towards an increase in the efficiency of existing workers.…”
mentioning
confidence: 99%
“…Sokolov-Mladenović S., Cvetanović S., Mladenović I., (2015) R&D expenditure and economic growth: EU28 evidence for the period 2002-2012 [73].…”
Section: Inequality Of Income Distribution (Income Quintile Share Ratmentioning
confidence: 99%