Description

• Title:
  Innovation and Economic Growth in European Union. Panel Data Analysis
• Creator:
  Kacprzyk, Andrzej;
  Doryń, Wirginia
• Contributor:
  University of Lodz, Faculty of Economics and Sociology;
  kacprzyk@uni.lodz.pl;
  wirginia.doryn@uni.lodz.pl
• Description:
  JEL Classifications: O33, O30, O47;
  This study examines the relationship between technological innovation and economic growth in European Union countries over the period 1993-2011. Using Blundell and Bond (1998) generalized method of the moments estimation technique, the study provides evidence that R&D expenditures and patent activities differ in terms of fostering economic growth between EU-15 and EU-13 countries. The main results indicate that there is no significant impact of R&D expenditures on the economic growth and that patent activities determine economic growth in EU-13 subsample and EU-28 as a whole. The study suggests that there may be no one particular recipe for growth for all EU countries and put into question whether setting common numerical targets in EU’s innovation policy makes economic sense.
• Object availability:
  free access
• Rights:
  Uznanie autorstwa 3.0 Polska;
  http://creativecommons.org/licenses/by/3.0/pl
• Date:
  2014.11.04;
  2015
• Type:
  Article
• Language:
  English
• Format:
  application/pdf
• Publisher:
  Faculty of Economics and Sociology, University of Lodz
• Relation:
  Lodz Economics Working Paper;3/2014
• Subject:
  Economic growth;
  innovation;
  R&D;
  patents;
  panel data
• Identifier: http://hdl.handle.net/11089/5713
• Data provider:
  Repozytorium Uniwersytetu Łódzkiego
• Can I use it?:
  check license
• Type:
  image