{"title":"Factors Affecting the Relationship between Research and Development (R&D) and Economic Development in EU","authors":"Lyroni Athina, Anastasiou Athanasios, Liargovas Panagiotis, Dermatis Zacharias, Komninos Dimitrios","doi":"10.13189/AEB.2018.060506","DOIUrl":null,"url":null,"abstract":"This paper explores the relation between R&D and economic growth using data from the EU-28 countries for the period 2001-2014. We consider panel data econometric techniques and control variables commonly used in the literature are analyzed together with a number of other variables to which existing studies often give little attention. Our results suggest that R&D expenditure and the patents (European Patent Office – EPO) have a positive and significant effect on economic growth for all countries.","PeriodicalId":91438,"journal":{"name":"Advances in economics and business","volume":" ","pages":""},"PeriodicalIF":0.0000,"publicationDate":"2018-09-01","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":"4","resultStr":null,"platform":"Semanticscholar","paperid":null,"PeriodicalName":"Advances in economics and business","FirstCategoryId":"1085","ListUrlMain":"https://doi.org/10.13189/AEB.2018.060506","RegionNum":0,"RegionCategory":null,"ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":null,"EPubDate":"","PubModel":"","JCR":"","JCRName":"","Score":null,"Total":0}
引用次数: 4
Abstract
This paper explores the relation between R&D and economic growth using data from the EU-28 countries for the period 2001-2014. We consider panel data econometric techniques and control variables commonly used in the literature are analyzed together with a number of other variables to which existing studies often give little attention. Our results suggest that R&D expenditure and the patents (European Patent Office – EPO) have a positive and significant effect on economic growth for all countries.
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