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The major economic evolution of Romania by the middle of 2016

Constantin Anghelache, Alexandru Manole and Mădălina Gabriela Anghel
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Constantin Anghelache: Bucharest University of Economic Studies, Romania “ARTIFEX” University of Bucharest, Romania
Alexandru Manole: “ARTIFEX” University of Bucharest, Romania
Mădălina Gabriela Anghel: “ARTIFEX” University of Bucharest, Romania

Theoretical and Applied Economics, 2016, vol. XXIII, issue 4(609), Winter, 165-182

Abstract: The purpose of this study is to examine the effects of research-development expenditures and innovation on income using new generation panel data analysis for 11 EU countries. We found that that if research-development expenditures and innovation goes up by 1%, income, on average, raises by 0.19% and 4.05%, respectively.

Keywords: Gross Domestic Product; investments; income; inflation; unemployment; population; expenditures. (search for similar items in EconPapers)
Date: 2016
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Handle: RePEc:agr:journl:v:xxiii:y:2016:i:4(609):p:165-182