Publication detail

Research and Development and Gross Domestic Product Per Inhabitant in the Visegrad Group

BOČKOVÁ, N. MELUZÍN, T. ŠKAPA, S.

Original Title

Research and Development and Gross Domestic Product Per Inhabitant in the Visegrad Group

Type

conference paper

Language

English

Original Abstract

Research background: This contribution analyses the relationship between Research and Development funding’s and economic growth within the Visegrad Group during the period 2005-2014. The studied geographical area is regions NUTS 2 of the Visegrad Group. The indicators considered in this contribution are GDP per inhabitant, percentage of GERD performed by business sector and GERD as percentage of GDP. The econometric analysis show that R&D Intensity is an important driver of economic growth (R = 0.64) that is measured by GDP per in-habitant in PPS. This contribution is the result of a two-phase research fellowship funded by the Internal Grant Agency of the Brno University of Technology. The first phase project research produced a regression analyze with dependent variable GDP per inhabitant and independent variable GERD as percentage of GDP. In the second phase of the research were formulated econometric models. Purpose of the article: This contribution answers the following question: Can the Visegrad Group Members reach the Europa 2020 Strategy target in R&D, i.e. 3% of GDP to be invested into the R&D sector. Methodology/methods: This research uses Eurostat database for the analysis of the relationship between R&D funding by the business sector and the corre-sponding economic growth. The research is based on dependent variable GDP per capita and independent variables: GERD and R&D Intensity during the period 2005-2014. The fit goodness of the model is evaluated the determination coeffi-cient, using T-test on the regression coefficients. The autocorrelation in the residu-als is checked by applying the Durbin-Watson (D-W) test. The statistical analyze is performed by using Stepwise Multiple Regression in software STATISTICA 12. Findings: Main result of research provides relationship between economic growth measured by GDP per inhabitant and R&D expenditures as percentage of GDP. The studied statistical data set is 38 NUTS 2 regions in Visegrad Group. If the Visegrad Group regions will the 3% target then GDP PPS per inhabitant in equal to 29,276. The result of the research can be used for the Visegrad Group governments.

Keywords

economic growth; Visegrad Group; comparative study; regression analyze;

Authors

BOČKOVÁ, N.; MELUZÍN, T.; ŠKAPA, S.

Released

30. 6. 2017

Publisher

Institute of Economic Research

Location

Torun

ISBN

978-83-65605-03-0

Book

9th International Conference on Applied Economics: Contemporary Issues in Economy

Pages from

75

Pages to

75

Pages count

1

URL

http://www.badania-gospodarcze.pl/images/books/15.pdf

BibTex

@inproceedings{BUT139027,
  author="Nina {Bočková} and Tomáš {Meluzín} and Stanislav {Škapa}",
  title="Research and Development and Gross Domestic Product Per Inhabitant in the
Visegrad Group",
  booktitle="9th International Conference on Applied Economics: Contemporary Issues in Economy",
  year="2017",
  pages="75--75",
  publisher="Institute of Economic Research",
  address="Torun",
  isbn="978-83-65605-03-0",
  url="http://www.badania-gospodarcze.pl/images/books/15.pdf"
}