The relationship between government and business r&d expenditure in the European Union

Nicolae Bacila ()
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Nicolae Bacila: BABEȘ-BOLYAI UNIVERSITY

Anale. Seria Stiinte Economice. Timisoara, 2012, vol. XVIII, 134-141

Abstract: The present paper aims at providing an empirical contribution to the literature on the relationship between government and business R&D expenditure in the European Union. Based on an econometric model which estimates business expenditure as a function of government support through general expenditure and, state aid, respectively, we have found a positive correlation between these variables, suggesting that in most cases there is a complementary relationship according to which government expenditure creates an additional incentive for the business activities.

Keywords: governement expenditure; state aid; business expenditure; complementary relationship; crowding out effect (search for similar items in EconPapers)
JEL-codes: C54 E61 H25 (search for similar items in EconPapers)
Date: 2012
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Persistent link: https://EconPapers.repec.org/RePEc:tdt:annals:v:xviii:y:2012:p:134-141

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