THE SYNERGY BETWEEN DIGITALIZATION AND THE LEVEL OF RESEARCH AND BUSINESS DEVELOPMENT ALLOCATIONS AT EU LEVEL

Kamer-Ainur Aivaz and Ionela Tofan
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Kamer-Ainur Aivaz: "Ovidius" University of Constanta, Romania
Ionela Tofan: "Al. Ioan Cuza" University of Iasi, Romania

Studies in Business and Economics, 2022, vol. 17, issue 3, 5-17

Abstract: In an era in which technological progress is creating new economic perspectives, exploring interdependencies and finding the dimension of the connection between ICT skills and the R&D dimension are of particular interest. It is somewhat universally accepted that ICT development actively helps the growth of R&D potential in a general sense and that innovation stimulates new developments in the ICT sphere. This study suggests a statistical measuring of this connection and it identifies a quantifiable corellation between R&D allocations and the increase of computer and Internet use at companies’ level. The econometric analysis of the available data at European countries’ level over the 2012-2021 period was performed using the panel method, which allowed the estimation of a regression relationship between the chosen indicators. The identified connection is one of direct proportionality between increased R&D allocations and increased digitalization and ICT skills in businesses.

Keywords: digitalization; research and development/R&D; computer and Internet use; panel (search for similar items in EconPapers)
Date: 2022
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