J 2024

The Impact of Selected R&D Indicators on Economic Activity in EU Countries

HALÁSKOVÁ, Martina, Renata HALÁSKOVÁ and Marek POMP

Basic information

Original name

The Impact of Selected R&D Indicators on Economic Activity in EU Countries

Authors

HALÁSKOVÁ, Martina (203 Czech Republic, belonging to the institution), Renata HALÁSKOVÁ and Marek POMP

Edition

Scientific Papers of the University of Pardubice, Series D: Faculty of Economics and Administration, 2024, 1211-555X

Other information

Language

English

Type of outcome

Article in a journal

Field of Study

50202 Applied Economics, Econometrics

Country of publisher

Czech Republic

Confidentiality degree

is not subject to a state or trade secret

References:

Impact factor

Impact factor: 0.400 in 2022

Organization unit

Moravian Business College Olomouc

UT WoS

001350115400001

EID Scopus

2-s2.0-85209207909

Keywords in English

R&D indicators; Economic growth; Employment; Knowledge-intensive service sectors; Panel data analysis

Tags

Changed: 23/1/2025 11:05, Ing. Michaela Nováková

Abstract

V originále

The R&D sector is one of the important economic phenomena in terms of competitiveness and innovation performance. The aim of the study is to examine the impact of selected R&D indicators on the economic activity of EU countries with emphasis on economic growth and employment in knowledge-intensive service sectors in 2011-2021. The research was carried out using panel data analysis (the fixed effects method) for three models of EU countries (EU27 countries as a whole and EU27 countries divided into two groups according to their innovation performance). The results in the evaluated years confirmed the different (positive/negative) impact of the examined R&D indicators on economic growth and employment in knowledge-intensive service sectors between the different groups of EU countries. In the “Innovation Leaders and Strong Innovators” countries, high-tech exports had the largest positive effect on GDP per capita, and general government expenditures had the largest negative effect. The largest negative effect of government expenditures on tertiary education was found in the case of Employment in knowledge-intensive service sectors. By contrast, in the case of GDP per capita and employment in knowledge-intensive service sectors, the largest negative effect of government expenditures on tertiary education and the positive effect of research and development expenditures were found in the “Moderate Innovators and Emerging Innovators countries”. The findings may be useful for both makers of selected public policies and R&D practitioners in evaluating economic analysis.