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Email this article Do Public R&D Expenditures Foster Business R&D Investments?
Abstract
Design/Methodology/Approach – The data for the analysis were retrieved from the Regional Innovation Scoreboard (RIS) 2016. The generalized structural equation model – GSEM was adopted to verify the formulated hypothesis. The research sample covered 214 regions of 22 EU Member States and Norway.
Findings – The results of research indicate that public R&D are additional to business R&D investments in EU regions. Moreover, innovative productivity is positively related to public financial support for R&D.
Originality/Value – So far, most of the available empirical literature has focused on the relationship between public financial support policies for R&D activities and business R&D expenditures either at the macro or micro level. The present paper attempts to fill this gap by providing an insight into this matter at the regional level.
Article type – Research paper.
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DOI: http://dx.doi.org/10.17951/ijsr.2016.5.0.147
Date of publication: 2017-05-23 10:49:45
Date of submission: 2017-05-23 10:44:20
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