Business Sector Investment in R&D as a Factor for Improving Innovation - Evidence from Hungary, Romania, Bulgaria, and Serbia

Domazet, Ivana and Marjanović, Darko and Ahmetagić, Deniz and Bugarčić, Milica and Simović, Vladimir (2024) Business Sector Investment in R&D as a Factor for Improving Innovation - Evidence from Hungary, Romania, Bulgaria, and Serbia. Eastern European Economics, 62 (1). pp. 50-68. ISSN 0012-8775

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Abstract

The purpose of this paper is to investigate whether a country’s innovative capacity increases when the business sector invests more in research and development. The empirical investigation covers Serbia and its three neighboring countries in the European Union – Hungary, Romania, and Bulgaria – for the period from 2011 to 2021. The results indicate that an increase in investment by the business sector at the current level of GDP influences the increase in innovation in the case of Serbia, Hungary, and Bulgaria.

Item Type: Article
Additional Information: COBISS.ID=135765513
Uncontrolled Keywords: business sector, GDP, innovation, investment, R&D
Research Department: Digital Economics
Depositing User: Jelena Banovic
Date Deposited: 29 Jan 2024 13:26
Last Modified: 06 Mar 2024 09:27
URI: http://ebooks.ien.bg.ac.rs/id/eprint/2011

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