The Optimal Rate of R&D Expenditures in GDP – Between Theory and Practice
AbstractThe relation between economic growth, competitiveness, productivity, on one hand, and investment in research and development (R&D), on the other, has been the research subject of numerous scientific studies. The significant contribution of the investment in R&D to productivity growth, competitiveness and economic growth is generally acknowledged. Some authors have attempted to empirically and theoretically estimate the optimal level of R&D investment at the micro and mezo level, following different paths, according to their option for the aggregation level of analysis or to the different indicators selected as most relevant. Yet, the identification of the R&D investment level that maximizes the productivity growth rate at macroeconomic level seems to have been rather marginal to the general research interest. Available scientific papers estimate it by relating the share of R&D spending in GDP to productivity, expressed through the Total Factor Productivity or labour productivity per hour worked. This paper looks into the correlation between the spending for research and development in some EU countries, as a share of GDP, underlining the relative positions to the optimal interval for R&D investment, according to Mario Coccia estimations, and the corresponding rates of labour productivity growth, during the 2000-2009 period. Special attention will be given to Romania’s positioning in European context, in order to identify potential solutions to future improvement.
Download InfoIf you experience problems downloading a file, check if you have the proper application to view it first. In case of further problems read the IDEAS help page. Note that these files are not on the IDEAS site. Please be patient as the files may be large.
Bibliographic InfoArticle provided by Constantin Brancusi University, Faculty of Economics in its journal Constatin Brancusi University of Targu Jiu Annals - Economy Series.
Volume (Year): 4.I (2010)
Issue (Month): (December)
R&D intensity; optimal rate; productivity growth; R&D policies;
Please report citation or reference errors to , or , if you are the registered author of the cited work, log in to your RePEc Author Service profile, click on "citations" and make appropriate adjustments.:
- Valente, Simone, 2011.
"Optimal policy and non-scale growth with R&D externalities,"
32473, University Library of Munich, Germany.
- Simone Valente, 2009. "Optimal Policy and Non-Scale Growth with R&D Externalities," CER-ETH Economics working paper series, CER-ETH - Center of Economic Research (CER-ETH) at ETH Zurich 09/116, CER-ETH - Center of Economic Research (CER-ETH) at ETH Zurich.
For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: (Ecobici Nicolae).
If you have authored this item and are not yet registered with RePEc, we encourage you to do it here. This allows to link your profile to this item. It also allows you to accept potential citations to this item that we are uncertain about.
If references are entirely missing, you can add them using this form.
If the full references list an item that is present in RePEc, but the system did not link to it, you can help with this form.
If you know of missing items citing this one, you can help us creating those links by adding the relevant references in the same way as above, for each refering item. If you are a registered author of this item, you may also want to check the "citations" tab in your profile, as there may be some citations waiting for confirmation.
Please note that corrections may take a couple of weeks to filter through the various RePEc services.