Does research and development expenditure impact innovation? theory, policy and practice insights from the Greek experience

Voutsinas Ioannis; Tsamadias Constantinos; Carayannis Elias; Staikouras Christos

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Does research and development expenditure impact innovation? theory, policy and practice insights from the Greek experience

机译：研发支出会影响创新吗？来自希腊经验的理论，政策和实践见解

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This study empirically investigates the causal relationship between research and development (R&D) expenditure and innovation in Greece, during the period 1981-2009. It uses time series analysis, the theoretical background of the endogenous knowledge-based growth theories and the annual number of patent applications to the European Patent Organization as proxy of innovation activity. The Johansen method is applied to examine the possibility of co-integration. The results confirm the presence of a long-run relationship between R&D expenditure and innovation. The total and private R&D expenditure appear to have a positive effect on total and business innovation. In addition, the public R&D expenditure has a positive influence on business and total innovation, which indicates the existence of significant externalities of public sector research. The long-run elasticity of innovation with respect to R&D expenditure is estimated to be, on average, 1.9. Implications for public policies and related practices are formulated.

机译：这项研究以经验方式调查了1981-2009年期间希腊研发与创新之间的因果关系。它使用时间序列分析，内生的基于知识的增长理论的理论背景以及每年向欧洲专利组织申请的专利数量作为创新活动的代理。 Johansen方法用于检验协整的可能性。结果证实了研发支出与创新之间存在长期的关系。总和私人研发支出似乎对总和业务创新产生积极影响。此外，公共研发支出对业务和全面创新具有积极影响，这表明存在公共部门研究的重大外部性。就研发支出而言，创新的长期弹性平均为1.9。阐述了对公共政策和相关实践的影响。

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《The journal of technology transfer》 |2018年第1期|159-171|共13页
作者
Voutsinas Ioannis; Tsamadias Constantinos; Carayannis Elias; Staikouras Christos;
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作者单位

Bank Greece, 21 Venizelos Ave, Athens 10250, Greece;

Harokopio Univ, Sch Environm Geog & Appl Econ, El Venizelou 70, Athens 17671, Greece;

George Washington Univ, Sch Business, Washington, DC 20052 USA;

Athens Univ Econ & Business, Sch Business Adm, Derigni 12, Athens 10434, Greece;

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正文语种 eng
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关键词
Expenditure; Research and development; Innovation; Public policy; Greece;

机译：支出;研究与开发;创新;公共政策;希腊;

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Does research and development expenditure impact innovation? theory, policy and practice insights from the Greek experience

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