WHAT DRIVES NATIONAL RESEARCH AND DEVELOPMENT PERFORMANCE? - FACTORS IN COMPETITIVE GOVERNMENT FINANCING OF SCIENCE AND TECHNOLOGY

Dongwook Seoh and Tobin Im

Public administration issues, 2020, issue 5, 191-215

Abstract: This research mainly explores factors that may contribute to national performance on science and technology research and development (RD). Th e 17-year panel data regression analysis on 35 OECD countries and Russia provides evidence to potential causal relationships between value-added of industry and several investment variables. As a proxy variable for research and development performance, value-added of industry indicates a statistically signifi cant positive relationship with business-performed expenditure of government-funding on RD. It indicates negative relationships with government-performed expenditure of government-funding on RD and regulatory burdens. Th e results suggest that national RD policy should guarantee less regulatory burden and more autonomy of government-funded RD projects.

Keywords: research and development; regulatory burden; public investment; government competitiveness; performance management (search for similar items in EconPapers)
Date: 2020
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Persistent link: https://EconPapers.repec.org/RePEc:nos:vgmu00:2020:i:5:p:191-215

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