The impact of R&D expenditures on bioeconomy innovativeness

Anna Matras-Bolibok

Roczniki (Annals), 2015, vol. 2015, issue 6

Abstract: The paper aims at empirical evaluation of the impact of R&D expenditures on the bioeconomy innovativeness. The research is based on the cross-sectional analyses of correlation and regression between the value of biotech R&D expenditures and the number of biotech patents granted in the EU countries. In particular, the study attempts to assess a relative effectiveness of R&D expenditures in public and business sectors. The data for the analysis were extracted from the OECD Statistical Database and Eurostat Database covering the period 2009-2014. Given the availability of data the examined sample covers 11 countries. The results indicate a positive and statistically significant impact of biotech R&D expenditures on bioeconomy innovativeness in the pooled sample of countries and suggest a higher effectiveness of private sources of funding.

Keywords: Environmental Economics and Policy; Research and Development/Tech Change/Emerging Technologies (search for similar items in EconPapers)
Date: 2015
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Persistent link: https://EconPapers.repec.org/RePEc:ags:paaero:233501

DOI: 10.22004/ag.econ.233501

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