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Do business and public sector research and development expenditures contribute to economic growth in central and eastern European countries? A dynamic panel estimation

Monica Ioana Pop-Silaghi (), Cristina Jude (), Diana Alexa () and Cristian Litan ()
Additional contact information
Diana Alexa: Babeș-Bolyai University
Cristian Litan: Babeș-Bolyai University

No 2012-4, Economics Discussion Papers from School of Economics, Kingston University London

Abstract: This paper examines the impact of R&D expenditures in business and private sector on economic growth in Central and Eastern European Countries over the period 1998-2008. Using a Generalised Method of Moments estimator, we find that business R&D has a high and stable contribution to economic growth. Public R&D has no effect on growth but does not crowd out private activity. The paper also finds that part of the business R&D effect is accounted for by human capital. The results remain robust after considering macroeconomic control variables.

Keywords: R&D; human capital; economic growth; CEE; dynamic panel-GMM. (search for similar items in EconPapers)
JEL-codes: O32 O33 O52 (search for similar items in EconPapers)
New Economics Papers: this item is included in nep-fdg, nep-ino, nep-pbe and nep-tra
Date: 2012-07
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http://www.econ.ubbcluj.ro/~monica.pop/DP_04-2012.pdf Full text (application/pdf)

Related works:
Journal Article: Do business and public sector research and development expenditures contribute to economic growth in Central and Eastern European Countries? A dynamic panel estimation (2014) Downloads
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