IDEAS home Printed from https://ideas.repec.org/a/taf/apeclt/v26y2019i2p163-167.html
   My bibliography  Save this article

Is R&D always growth-enhancing? Empirical evidence from the EU countries

Author

Listed:
  • Andrzej Kacprzyk
  • Iwona Świeczewska

Abstract

This study provides empirical evidence regarding the effects of R&D on economic growth in a panel of 28 European Union (EU) countries over the period 1997–2014. In particular, we investigate whether the impact of business and government R&D stocks on economic growth depends on the country’s distance to the world technology frontier. The main findings are that in the EU (i) there is positive, statistically significant business R&D stock–economic growth nexus in countries that are relatively close to the frontier and (ii) no statistically significant relationship was found to exist between government R&D stock and economic growth. From the policy perspective, the results suggest that designing proper national policies that allow switching from investment-based to innovation-based strategies at appropriate moments may be far more important than a simple call for increase in R&D expenditures and setting common numerical targets for all EU-member states.

Suggested Citation

  • Andrzej Kacprzyk & Iwona Świeczewska, 2019. "Is R&D always growth-enhancing? Empirical evidence from the EU countries," Applied Economics Letters, Taylor & Francis Journals, vol. 26(2), pages 163-167, January.
    • Handle: RePEc:taf:apeclt:v:26:y:2019:i:2:p:163-167
    DOI: 10.1080/13504851.2018.1444257
    as

    Download full text from publisher

    File URL: http://hdl.handle.net/10.1080/13504851.2018.1444257
    Download Restriction: Access to full text is restricted to subscribers.
    File URL: https://libkey.io/10.1080/13504851.2018.1444257?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
    ---><---

    As the access to this document is restricted, you may want to search for a different version of it.

    Citations

    Citations are extracted by the CitEc Project, subscribe to its RSS feed for this item.
    as


    Cited by:

    1. Nair, Mahendhiran & Pradhan, Rudra P. & Arvin, Mak B., 2020. "Endogenous dynamics between R&D, ICT and economic growth: Empirical evidence from the OECD countries," Technology in Society, Elsevier, vol. 62(C).
    2. Mugabe Roger & Liu Shulin & Brima Sesay, 2022. "ICT Development, Innovation Diffusion and Sustainable Growth in Sub-Saharan Africa," SAGE Open, , vol. 12(4), pages 21582440221, October.
    3. Xu, Aiting & Qiu, Keyang & Zhu, Yuhan, 2023. "The measurements and decomposition of innovation inequality: Based on Industry − University − Research perspective," Journal of Business Research, Elsevier, vol. 157(C).
    4. Yu, Haijing & Devece, Caarlos & Martinez, José Manuel Guaita & Xu, Bing, 2021. "An analysis of the paradox in R&D. Insight from a new spatial heterogeneity model," Technological Forecasting and Social Change, Elsevier, vol. 165(C).

    More about this item

    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:taf:apeclt:v:26:y:2019:i:2:p:163-167. 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: Chris Longhurst (email available below). General contact details of provider: http://www.tandfonline.com/RAEL20 .

    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.