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Public funding in R&D and R&D outcome sustainable development: Analysis of Member States EU

Author

Listed:
  • Lucie Kurekova

    (CEVRO Institut)

  • Klara Cermakova

    (CEVRO Institut)

  • Eduard Hromada

    (Czech Tecnical University, Faculty of Civil Engineering)

  • Bozena Kaderabkova

    (Czech Technical University, Faculty of Civil Engineering)

Abstract

This paper examines the relationship between public funding in research and development (R&D) and the sustainable development outcomes within the European Union (EU) member states from 2000 to 2022. It investigates the allocation and effectiveness of public funding towards R&D in sustainable technologies and its alignment with the EU's strategic growth and sustainability goals. Through a mixed-method approach, including descriptive analysis, econometric modelling, and a review of pa-tents and scientific publications, the study addresses three core research questions: the extent of public R&D funding, the R&D outcomes in sustainable development, and the efficacy of recent EU public research funding in fostering innovation in sustainable technologies. The analysis reveals that while there is a positive correlation between targeted public expenditures and R&D outcomes, disparities exist among member states in terms of investment levels and innovation outputs. The paper also dis-cusses the implications of these findings in the context of the EU's broader sustainability objectives, including the European Green Deal, and suggests pathways for future research to enhance the impact of public R&D funding on sustainable development.

Suggested Citation

  • Lucie Kurekova & Klara Cermakova & Eduard Hromada & Bozena Kaderabkova, 2023. "Public funding in R&D and R&D outcome sustainable development: Analysis of Member States EU," International Journal of Economic Sciences, European Research Center, vol. 12(2), pages 40-62, November.
    • Handle: RePEc:aop:jijoes:v:12:y:2023:i:2:p:40-62
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    References listed on IDEAS

    as
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    3. Pavlína Hejduková & Lucie Kureková, 2016. "Causality As A Tool For Empirical Analysis In Economics," Proceedings of Business and Management Conferences 4407035, International Institute of Social and Economic Sciences.
    4. Peters, Michael & Schneider, Malte & Griesshaber, Tobias & Hoffmann, Volker H., 2012. "The impact of technology-push and demand-pull policies on technical change – Does the locus of policies matter?," Research Policy, Elsevier, vol. 41(8), pages 1296-1308.
    5. Bogdan Moskalenko & Oleksii Lyulyov & Tetyana Pimonenko & Ihor Kobushko, 2022. "Institutions’ Effect on a Country’s Investment Attractiveness within Sustainable Development," Virtual Economics, The London Academy of Science and Business, vol. 5(4), pages 50-64, December.
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    More about this item

    Keywords

    research and development (R&D); public funding; sustainable development; patents; panel data; Euro-pean Union; econometric analysis;
    All these keywords.

    JEL classification:

    • O30 - Economic Development, Innovation, Technological Change, and Growth - - Innovation; Research and Development; Technological Change; Intellectual Property Rights - - - General
    • O32 - Economic Development, Innovation, Technological Change, and Growth - - Innovation; Research and Development; Technological Change; Intellectual Property Rights - - - Management of Technological Innovation and R&D
    • O38 - Economic Development, Innovation, Technological Change, and Growth - - Innovation; Research and Development; Technological Change; Intellectual Property Rights - - - Government Policy

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