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The Nexus Between Research and Development, Protection of Intellectual Property Rights and Financial Development. A European Perspectiv

Author

Listed:
  • Gheorghe Hurduzeu

    (Bucharest University of Economic Studies, Romania)

  • Radu Lupu

    (Bucharest University of Economic Studies, Romania; Institute for Economic Forecasting, Romanian Academy)

  • Iulia Lupu

    (“Victor Slavescu” Centre for Financial and Monetary Research, Bucharest, Romania)

  • Adrian Cantemir Calin

    (Bucharest University of Economic Studies, Romania; Institute for Economic Forecasting, Romanian Academy)

Abstract

Considering the role of research and development in increasing knowledge with creative work, in this study, we analyse the link between research and development expenditures in several performance sectors (business, government, higher education) and indicators regarding the protection of intellectual property rights and financial development. The analysis refers to the member states of the European Union, divided into two categories (Central and Eastern Europe and Western Europe), for the period 2007-2020. The results obtained after using a panel data methodology suggest that the settings are different for the two groups of countries. This new perspective (i.e., the disparity between regions and the type of sector) can be considered as evidence in favour of decisions to support research and development expenditures in sensitive situations.

Suggested Citation

  • Gheorghe Hurduzeu & Radu Lupu & Iulia Lupu & Adrian Cantemir Calin, 2022. "The Nexus Between Research and Development, Protection of Intellectual Property Rights and Financial Development. A European Perspectiv," The AMFITEATRU ECONOMIC journal, Academy of Economic Studies - Bucharest, Romania, vol. 24(Special16), pages 970-970, November.
    • Handle: RePEc:aes:amfeco:v:24:y:2022:i:special16:p:970
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    References listed on IDEAS

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    1. Hu, Hao & Li, Ruida & Zhang, Leilei, 2023. "Financial development and resources curse hypothesis: China's COVID-19 perspective of natural resources extraction," Resources Policy, Elsevier, vol. 85(PB).

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    More about this item

    Keywords

    research and development; intellectual property rights protection; financial development index; panel approach; European Union.;
    All these keywords.

    JEL classification:

    • O30 - Economic Development, Innovation, Technological Change, and Growth - - Innovation; Research and Development; Technological Change; Intellectual Property Rights - - - General
    • O34 - Economic Development, Innovation, Technological Change, and Growth - - Innovation; Research and Development; Technological Change; Intellectual Property Rights - - - Intellectual Property and Intellectual Capital
    • G10 - Financial Economics - - General Financial Markets - - - General (includes Measurement and Data)
    • G20 - Financial Economics - - Financial Institutions and Services - - - General

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