The relationship between government and business r&d expenditure in the European Union
AbstractThe present paper aims at providing an empirical contribution to the literature on the relationship between government and business R&D expenditure in the European Union. Based on an econometric model which estimates business expenditure as a function of government support through general expenditure and, state aid, respectively, we have found a positive correlation between these variables, suggesting that in most cases there is a complementary relationship according to which government expenditure creates an additional incentive for the business activities.
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Bibliographic InfoArticle provided by Faculty of Economics, Tibiscus University in Timisoara in its journal Anale. Seria Stiinte Economice. Timisoara.
Volume (Year): XVIII (2012)
Issue (Month): (May)
governement expenditure; state aid; business expenditure; complementary relationship; crowding out effect;
Find related papers by JEL classification:
- C54 - Mathematical and Quantitative Methods - - Econometric Modeling - - - Quantitative Policy Modeling
- E61 - Macroeconomics and Monetary Economics - - Macroeconomic Policy, Macroeconomic Aspects of Public Finance, and General Outlook - - - Policy Objectives; Policy Designs and Consistency; Policy Coordination
- H25 - Public Economics - - Taxation, Subsidies, and Revenue - - - Business Taxes and Subsidies
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