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DC Field | Value | Language |
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dc.rights.license | openAccess | - |
dc.contributor.author | Radonjić, Ljubivoje | - |
dc.contributor.author | Veselinović, Nevena | - |
dc.date.accessioned | 2021-04-20T21:22:37Z | - |
dc.date.available | 2021-04-20T21:22:37Z | - |
dc.date.issued | 2020 | - |
dc.identifier.issn | 1330-4860 | - |
dc.identifier.uri | https://scidar.kg.ac.rs/handle/123456789/12647 | - |
dc.description.abstract | © 2020, Institute of Economics (Zagreb). All rights reserved. The primary objective of the article is to examine the nexus between inflation, R&D, patents, and economic growth within a group of Central and Eastern European countries (CEECs). The examination is conducted in two parts. First, the impact of total R&D expenditures on economic growth is observed, as well as the influence of growth on private and public R&D investments. Second, the conversion from private and public R&D investment to innovation, measured by the number of patents, is observed. Throughout the analysis, economic growth and inflation are representative of macroeconomic stability. The outcomes of the panel auto-regressive distributed lag estimation indicate that total R&D expenditures are essential and positively significant for economic growth in the observed countries. The results also show that output growth has a remarkably positive impact on generating private R&D expenditures. Such an influence is also found, but at a weaker level, in the case of public R&D expenditures. In this part of the analysis, inflation has demonstrated a harmful influence on R&D expenditures. The results of the second part indicate that public and private R&D expenditures, at a significant level, generate innovation activities, while the impact of inflation has proven to be unimportant. | - |
dc.rights | info:eu-repo/semantics/openAccess | - |
dc.rights.uri | https://creativecommons.org/licenses/by-nc-nd/4.0/ | - |
dc.source | Croatian Economic Survey | - |
dc.title | Patterns of interrelationships between inflation, r&d, innovation, and economic growth: Evidence from central and Eastern European countries | - |
dc.type | article | - |
dc.identifier.doi | 10.15179/ces.22.2.1 | - |
dc.identifier.scopus | 2-s2.0-85098854969 | - |
Appears in Collections: | Institute for Information Technologies, Kragujevac |
Files in This Item:
File | Description | Size | Format | |
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10.15179-ces.22.2.1.pdf | 1.2 MB | Adobe PDF | View/Open |
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