Theoretical and Applied Economics
No. 4 / 2019 (621), Winter
Business R&D investments in the EU: Main dynamics and economic effects
The “Gheorghe Asachi” Technical University of Iasi, Romania
Abstract. Research and development expenditures are known as drivers of innovation and productivity. This paper aims at investigating two interrelated aspects of business R&D investments in the EU: the main features and trends in business R&D investments and their impact on company′s performance. The results from preceding descriptive analysis on the most recent dynamics in the EU's R&D investments indicate the persistence of several characteristics highlighted also in the literature, such as an increasing business R&D intensity gap between the EU and its main competitors, large differences registered in the total R&D investment intensity across EU countries, sectors and firms and industrial R&D concentration at the level of a few players. The positive impact of R&D investments on company's performance in terms of net sales and operating profit is shown by conducting several econometric models. We also investigate whether the size has an effect on the R&D investments performed by companies exploiting data from the EU industrial R&D investment Scoreboard.
Contents
Expanding the Eurozone. The stage of economic convergence for Bulgaria, Czech Republic, Croatia, Hungary, Poland and Romania
Business R&D investments in the EU: Main dynamics and economic effects
Volatility experience of major world stock markets
Unemployment hysteresis analysis for OECD countries
Culture as a driving factor for foreign direct investments in the Western Development Region of Romania
A Deep Neural Network (DNN) based classification model in application to loan default prediction
The new Keynesian Phillips Curve. Implications. Strengths and weaknesses
Corporate ownership structure and performance: An enquiry into India
Turkey’s macroeconomic policy challenges in the aftermath of the 2018 crisis: A sectoral financial balances analysis
Main aspects on the nature of dynamic models
An analyses model of the Romanian privately managed pension system
Dynamic models used in analysis capital and population
Poverty rate determinants in the Central and Eastern Europe member states
Wagner versus Keynesian Hypothesis: Role of aggregate and disaggregate expenditure in Pakistan
GARCH based VaR estimation: An empirical evidence from BRICS stock markets
Does FDI substitute exports of home country? A case of US FDI in select Asian economies
Exploring the role of institutions in cross country Malmquist productivity analysis: A two-stage double bootstrap DEA approach
Does the Mundell-Fleming Model apply to Poland?
The validity of Okun’s Law: Evidences from Indian economy