R&D Expenditures and Economic Growth – International Comparison
AbstractIn the new conditions of creating a knowledge-based economy the role of R&D expenditures strongly increases and changes in its character. This increases the interest in the matters of qualitative defining of the dependency between them and the economic growth. The study analyzes the connection between the R&D expenditures, including for human capital, and the lasting economic growth (GDP rate) for the EU countries, compared with USA. The specifics in the influence of these expenditures on the economic growth in these countries are outlined, special attention is drawn to Bulgaria.
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Bibliographic InfoArticle provided by Bulgarian Academy of Sciences - Economic Research Institute in its journal Economic Studies.
Volume (Year): (2007)
Issue (Month): 4 ()
Find related papers by JEL classification:
- O30 - Economic Development, Technological Change, and Growth - - Technological Change; Research and Development; Intellectual Property Rights - - - General
- O40 - Economic Development, Technological Change, and Growth - - Economic Growth and Aggregate Productivity - - - General
- O57 - Economic Development, Technological Change, and Growth - - Economywide Country Studies - - - Comparative Studies of Countries
- C22 - Mathematical and Quantitative Methods - - Single Equation Models; Single Variables - - - Time-Series Models; Dynamic Quantile Regressions; Dynamic Treatment Effect Models &bull Diffusion Processes
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- Segerstrom, Paul S, 1991.
"Innovation, Imitation, and Economic Growth,"
Journal of Political Economy,
University of Chicago Press, vol. 99(4), pages 807-27, August.
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