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R&D Expenditures and Economic Growth – International Comparison

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  • Rossitsa Rangelova

Abstract

In 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 Info

Article provided by Bulgarian Academy of Sciences - Economic Research Institute in its journal Economic Studies.

Volume (Year): (2007)
Issue (Month): 4 ()
Pages: 18-52

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Handle: RePEc:bas:econst:y:2007:i:4:p:18-52

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  1. Segerstrom, P.S., 1990. "Innovation, Imitation And Economic Growth," Papers 8818, Michigan State - Econometrics and Economic Theory.
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