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Development of a Numerical Regression Model of Gross Domestic Product per Capita Movement in the European Union Member State as a Result of Investments in R&D from the Structural Funds

Author

Listed:
  • Matej Raj p

    (ProFUTURUS d.o.o., 2000 Maribor, Slovenia)

  • Lea Robic Mohar

    (ProFUTURUS d.o.o., 2000 Maribor, Slovenia)

  • Matej Pozarnik

    (ProFUTURUS d.o.o., 2000 Maribor, Slovenia)

Abstract

This paper examines the movement of gross domestic product per capita (GDP per capita) depending on the normalized value of financial incentives in the field of research and development in the EU-28 Member States. It determines the type of dependence of these variables in the period 2014 2019, evidenced by the Pearson correlation coefficient. Based on empirical data, a mathematical model is formulated that predicts the dynamics of GDP growth in the forthcoming financial perspective 2021-2027 in regard to drawing EU funds.

Suggested Citation

  • Matej Raj p & Lea Robic Mohar & Matej Pozarnik, 2020. "Development of a Numerical Regression Model of Gross Domestic Product per Capita Movement in the European Union Member State as a Result of Investments in R&D from the Structural Funds," International Journal of Economics and Financial Issues, Econjournals, vol. 10(6), pages 25-30.
    • Handle: RePEc:eco:journ1:2020-06-5
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    References listed on IDEAS

    as
    1. Bredin, Don & Fountas, Stilianos, 2009. "Macroeconomic uncertainty and performance in the European Union," Journal of International Money and Finance, Elsevier, vol. 28(6), pages 972-986, October.
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    More about this item

    Keywords

    European Structural Funds; R&D Projects; Co-financing; GDP Per Capita;
    All these keywords.

    JEL classification:

    • E02 - Macroeconomics and Monetary Economics - - General - - - Institutions and the Macroeconomy
    • E17 - Macroeconomics and Monetary Economics - - General Aggregative Models - - - Forecasting and Simulation: Models and Applications
    • F45 - International Economics - - Macroeconomic Aspects of International Trade and Finance - - - Macroeconomic Issues of Monetary Unions
    • O30 - Economic Development, Innovation, Technological Change, and Growth - - Innovation; Research and Development; Technological Change; Intellectual Property Rights - - - General

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