期刊
JOURNAL OF POLICY MODELING
卷 41, 期 5, 页码 1005-1025出版社
ELSEVIER SCIENCE INC
DOI: 10.1016/j.jpolmod.2019.07.001
关键词
R&D; Innovation; Public policy; European Union; Panel data
类别
This study empirically investigates the relationship between innovation and Research & Development expenditure in European Union countries over the period 1995-2014. The findings of the empirical analysis show that there is a co-integration relationship between innovation and R&D. The results also reveal the existence of a positive and significant effect of business, public and higher education R&D on innovation. Business R&D is the sector with the highest positive effect on innovation. The results indicate that EU should strengthen the cooperation between business, public and higher education R&D through the encouragement of partnerships between the private sector, R&D and innovation system. (C) 2019 The Society for Policy Modeling. Published by Elsevier Inc. All rights reserved.
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