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Measurement of R&D Multipliers: The Case of Greece

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  • Athena Belegri-Roboli
  • Panayotis Michaelides

Abstract

The present paper applies empirically the methodology of backward and forward R & D multipliers for the case of Greece, which, despite its high growth rates in output (G.D.P.), ranks last among European Union (E.U) countries in R&D expenditure. The backward R&D multipliers measure the total amount of R&D expenditure embodied in one unit of an industry’s final demand. On the other hand, forward multipliers reflect the percentage of an industry’s R&D expenditures that is embodied in the final output categories. The results show that the Greek economy experiences a decrease in backward R&D multipliers over the time period 1993–1997, and some policy implications are discussed, regarding the country’s priority to increase R&D diffusion and stimulate R&D financing. Copyright Springer Science+Business Media, Inc. 2005

Suggested Citation

  • Athena Belegri-Roboli & Panayotis Michaelides, 2005. "Measurement of R&D Multipliers: The Case of Greece," The Journal of Technology Transfer, Springer, vol. 30(3), pages 327-332, July.
  • Handle: RePEc:kap:jtecht:v:30:y:2005:i:3:p:327-332
    DOI: 10.1007/s10961-005-0934-8
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    References listed on IDEAS

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    1. Erik Dietzenbacher & Bart Los, 2002. "Externalities of R&D Expenditures," Economic Systems Research, Taylor & Francis Journals, vol. 14(4), pages 407-425, December.
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    Cited by:

    1. Świeczewska Iwona, 2014. "The Externalities of Enterprises’ Innovative Activity – An Input-Output Approach," Folia Oeconomica Stetinensia, Sciendo, vol. 13(2), pages 1-12, July.
    2. Nicholas Apergis & Alexandros Panethimitakis, 2011. "Stylised facts of Greek business cycles: new evidence from aggregate and across regimes data," International Journal of Economics and Business Research, Inderscience Enterprises Ltd, vol. 3(2), pages 147-165.

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