Please use this identifier to cite or link to this item: https://scidar.kg.ac.rs/handle/123456789/12647
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dc.rights.licenseopenAccess-
dc.contributor.authorRadonjić, Ljubivoje-
dc.contributor.authorVeselinović, Nevena-
dc.date.accessioned2021-04-20T21:22:37Z-
dc.date.available2021-04-20T21:22:37Z-
dc.date.issued2020-
dc.identifier.issn1330-4860-
dc.identifier.urihttps://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.rightsinfo:eu-repo/semantics/openAccess-
dc.rights.urihttps://creativecommons.org/licenses/by-nc-nd/4.0/-
dc.sourceCroatian Economic Survey-
dc.titlePatterns of interrelationships between inflation, r&d, innovation, and economic growth: Evidence from central and Eastern European countries-
dc.typearticle-
dc.identifier.doi10.15179/ces.22.2.1-
dc.identifier.scopus2-s2.0-85098854969-
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