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R&D: CZECH REPUBLIC AND SLOVAKIA REACH EU TARGETS?

BOČKOVÁ, N.; MELUZÍN, T. R&D: CZECH REPUBLIC AND SLOVAKIA REACH EU TARGETS?. Perspectives of Business and Entrepreneurship Development in Digital Age. 2017. p. 30-30. ISBN: 978-80-214-5531-3.
Type
abstract
Language
English
Authors
Bočková Nina, Ing., Ph.D., ÚE (FBM)
Meluzín Tomáš, prof. Ing., Ph.D., ÚE (FBM)
Abstract

Purpose of the article The contribution analyses the relationship between Research and Development Intensity
and economic growth. The studied geographical area is two EU members Czech Republic and Slovakia. The
indicators considered in this contribution are R & D Intensity, total intramural expenditure on research and
development performed on the national territory during a given period and GDP per inhabitant
Methodology/methods The contribution studied statistical dataset is two countries – both EU members – Czech
Republic and Slovakia; one is member of European Area (EA) in 2008 - 2015. Based on theoretical background
discussed in contribution, the hypothesis and assumption formed for testing here is the following: Funding of the R&D activities as GERD leads to increase the long-term economic growth. For multiple regressions has been used software STATISTICA 12.
Scientific aim The scientific aim is to find the relevant relationship basis of multiple regression in between R&D
funding and economic growth in Czech Republic and Slovakia.
Findings The econometric analysis show that R & D Intensity is an important driver of economic growth
(R = 0.64) that is measured by GDP per inhabitant in PPS. The first phase research produced a regression analyze
with dependent variable GDP per inhabitant and independent variable R&D Intensity. In the second phase of the
research were formulated econometric models. The Czech Republic in period 2008 – 2015 is shown correlation
with R2adj. = 0.534, DW = 1.55. The Slovakia in period 2008 – 2015 is shown correlation with R2adj. = 0.885,
DW = 2.01.
Conclusions The empirical findings suggest that Slovakia has a closer relationship than rival country. The global
3% R & D investment target will not reach even one without dramatic changes in innovation policy.

Keywords

Economic growth, Europe 2020 Strategy, GDP per inhabitant, R&D Intensity, Multiple regression

Published
2017
Pages
30–30
Book
Perspectives of Business and Entrepreneurship Development in Digital Age
ISBN
978-80-214-5531-3
BibTeX 
@misc{BUT143850,
  author="Nina {Bočková} and Tomáš {Meluzín}",
  title="R&D: CZECH REPUBLIC AND SLOVAKIA REACH EU TARGETS?",
  booktitle="Perspectives of Business and Entrepreneurship Development in Digital Age",
  year="2017",
  pages="30--30",
  isbn="978-80-214-5531-3",
  note="Abstract"
}
Departments
Institute of Economics (ÚE)
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