IDEAS home Printed from https://ideas.repec.org/a/vrs/ecothe/v61y2023i3p365-385n7.html
   My bibliography  Save this article

Investments in Research Activities of the Manufacturing Industry and Innovativeness in Economy of the Republic of Serbia

Author

Listed:
  • Bošković Gorica

    (1 University of Nis, Faculty of Economics, Republic of Serbia)

  • Dejanović Mladen

    (2 PhD student, University of Nis, Faculty of Economics, Republic of Serbia)

Abstract

The aim of the study in this paper is to examine the effects of investment in research and development activities of the manufacturing industry on the innovativeness in economy of the Republic of Serbia, and to draw conclusions in which direction further investments should be managed, bearing in mind that the importance of the processing industry for the overall economy has been growing from year to year. The comparative analysis shows the movement of the basic indicators of the manufacturing industry sector, as well as the movement of three basic indicators of the innovativeness in economy of the Republic of Serbia: GII (Global Innovation Index), GCI (Global Competitiveness Index) and SII (Summary Innovation Index). Based on the application of regression and correlation analysis, a weak contribution of gross domestic expenditures for research and development in the manufacturing industry to the improvement of the innovativeness in economy of the Republic of Serbia can be seen. On the other hand, a strong connection was established between the total gross domestic expenditures for research and development (at the level of the economy) and indicators of economic innovation, which indicates the need to restructure research and development expenditures in the direction of the manufacturing industry, with the aim of its greater contribution to the innovation of the overall economy. The progress of the economy of the Republic of Serbia viewed through the ranking and points of the used indicators of innovation can be attributed to investments in research and development activities in the area of other sectors of the economy, which can be the subject of some future research.

Suggested Citation

  • Bošković Gorica & Dejanović Mladen, 2023. "Investments in Research Activities of the Manufacturing Industry and Innovativeness in Economy of the Republic of Serbia," Economic Themes, Sciendo, vol. 61(3), pages 365-385, September.
    • Handle: RePEc:vrs:ecothe:v:61:y:2023:i:3:p:365-385:n:7
    DOI: 10.2478/ethemes-2023-0019
    as

    Download full text from publisher

    File URL: https://doi.org/10.2478/ethemes-2023-0019
    Download Restriction: no
    File URL: https://libkey.io/10.2478/ethemes-2023-0019?utm_source=ideas
    LibKey link: if access is restricted and if your library uses this service, LibKey will redirect you to where you can use your library subscription to access this item
    ---><---

    More about this item

    Keywords

    research and development activities; gross domestic expenditures for research and development; innovativeness in economy; manufacturing industry; GII; GCI; SII;
    All these keywords.

    JEL classification:

    • O11 - Economic Development, Innovation, Technological Change, and Growth - - Economic Development - - - Macroeconomic Analyses of Economic Development

    Statistics

    Access and download statistics

    Corrections

    All material on this site has been provided by the respective publishers and authors. You can help correct errors and omissions. When requesting a correction, please mention this item's handle: RePEc:vrs:ecothe:v:61:y:2023:i:3:p:365-385:n:7. See general information about how to correct material in RePEc.

    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.

    We have no bibliographic references for this item. You can help adding them by using 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 RePEc Author Service profile, as there may be some citations waiting for confirmation.

    For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: Peter Golla (email available below). General contact details of provider: https://www.sciendo.com .

    Please note that corrections may take a couple of weeks to filter through the various RePEc services.

    IDEAS is a RePEc service. RePEc uses bibliographic data supplied by the respective publishers.