Assessment of Research and Development Financing Based on the Strategies in EU: Case of Sweden, Slovakia and Romania

Emília Duľová Spišáková, Barbora Gontkovičová and Emil Spišák
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Emília Duľová Spišáková: Department of Economics, Faculty of Business Economy with Seat in Košice, University of Economics in Bratislava, 041 30 Košice, Slovakia
Barbora Gontkovičová: Department of Commercial Entrepreneurship, Faculty of Business Economy with seat in Košice, University of Economics in Bratislava, 041 30 Košice, Slovakia
Emil Spišák: Department of Mechanical Technologies and Materials, Faculty of Mechanical Engineering, Technical University of Košice, 040 01 Košice, Slovakia

Sustainability, 2021, vol. 13, issue 15, 1-18

Abstract: Research and development have been of interest to the European Union for a long time. This topic is also underlined in economic reform agendas and plans that have the form of strategies with clearly set targets. The article deals with the issue of financing R&D activities from the perspective of the share of expenditure to GDP, the total amount of funds spent on R&D, the share of expenditure per capita, and the structure of expenditure. The aim is to analyze and compare development in the field of R&D financing in selected countries of the European Union with emphasis on achieving the Europe 2020 target and to point out the expected development of the indicator for the first years of the validity of the 2030 Agenda for Sustainable Development. During the processing of the article, mathematical and statistical methods (regression and correlation analysis) were used in addition to standard logic methods intended for processing data and drawing conclusions (synthesis, induction). The final evaluates the achievement of the target in the field of R&D financing in accordance with the target of the Europe 2020 strategy and, using regression, predicts the development of the given indicator for coming years.

Keywords: research and development; Europe 2020; Agenda 2030; targets; prediction (search for similar items in EconPapers)
JEL-codes: O13 Q Q0 Q2 Q3 Q5 Q56 (search for similar items in EconPapers)
Date: 2021
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Persistent link: https://EconPapers.repec.org/RePEc:gam:jsusta:v:13:y:2021:i:15:p:8628-:d:607186

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