Measurement of R&D Multipliers: The Case of Greece
Athena Belegri-Roboli and
Panayotis Michaelides
The Journal of Technology Transfer, 2005, vol. 30, issue 3, 327-332
Abstract:
The present paper applies empirically the methodology of backward and forward R & D multipliers for the case of Greece, which, despite its high growth rates in output (G.D.P.), ranks last among European Union (E.U) countries in R&D expenditure. The backward R&D multipliers measure the total amount of R&D expenditure embodied in one unit of an industry’s final demand. On the other hand, forward multipliers reflect the percentage of an industry’s R&D expenditures that is embodied in the final output categories. The results show that the Greek economy experiences a decrease in backward R&D multipliers over the time period 1993–1997, and some policy implications are discussed, regarding the country’s priority to increase R&D diffusion and stimulate R&D financing. Copyright Springer Science+Business Media, Inc. 2005
Date: 2005
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Persistent link: https://EconPapers.repec.org/RePEc:kap:jtecht:v:30:y:2005:i:3:p:327-332
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DOI: 10.1007/s10961-005-0934-8
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