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 ()
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Diana Alexa: Babeș-Bolyai University
Cristian Litan: Babeș-Bolyai University
No 2012-4, Economics Discussion Papers from School of Economics, Kingston University London
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
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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)
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Persistent link: https://EconPapers.repec.org/RePEc:ris:kngedp:2012_004
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