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Influence Of Gdp On Innovation Expenditure Of Smes In Bulgaria

Author

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  • Daniela Tancheva

    (Southwest University “Neofit Rilski”-Blagoevgrad, Bulgaria)

Abstract

The relationship between economic growth (GDP) and the innovation expenditure of the small and medium-sized enterprises (SMEs) in Bulgaria is analysed. Annual data of the National Statistical Institute of Bulgaria (NSI) for the period 2000-2020, with 21 included observations were used. An econometric Ordinary Least Squares method (OLS) was applied. The results of the empirical study show that the increase of the economic growth (GDP) of Bulgaria leads to increase of innovation expenditure of SMEs. There is evidence that one increase of the economic growth the innovation expenditure of small and medium-sized enterprises average increase by 3.6%.

Suggested Citation

  • Daniela Tancheva, 2022. "Influence Of Gdp On Innovation Expenditure Of Smes In Bulgaria," INTERNATIONAL SCIENTIFIC AND PRACTICAL CONFERENCE "HUMAN RESOURCE MANAGEMENT", University of Economics - Varna, issue 1, pages 348-356.
    • Handle: RePEc:vrn:hrmsnr:y:2022:i:1:p:348-356
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    More about this item

    Keywords

    innovation; SMEs; economic growth; OLS; Bulgaria;
    All these keywords.

    JEL classification:

    • O30 - Economic Development, Innovation, Technological Change, and Growth - - Innovation; Research and Development; Technological Change; Intellectual Property Rights - - - General
    • O38 - Economic Development, Innovation, Technological Change, and Growth - - Innovation; Research and Development; Technological Change; Intellectual Property Rights - - - Government Policy
    • H30 - Public Economics - - Fiscal Policies and Behavior of Economic Agents - - - General
    • L20 - Industrial Organization - - Firm Objectives, Organization, and Behavior - - - General

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