Veřejné výdaje na výzkum a vývoj a jejich vztah s ekonomickým růstem v Česku, Dánsku a Slovensku

Abstract

This article deals with a public support of reseach and development (R&D), as R&D is of a crucial importance in creation of knowledge, products and technologies. Literature offers support for varied relationship between R&D expenditure and economic growth – positive, negative and zero. Therefore, the goal of the article is to verify the relationship between public R&D expenditures and economic growth in the Czechia, Denmark and Slovakia in the period 1995–2013. Empirical evidence is based on data collected from Eurostat database. Johansen cointegration test is applied for analysing the long-term relationship and the Error correction model is added for short-term dynamics. Results of estimations confirmed the positive long-term relationship between Gross Domestic Expenditure on R&D (GERD) and economic growth in Denmark and Slovakia. Anyway, testing public R&D expenditure by sectors of providing verified cointegration for one sector in all countries at least. Concretely, the long-term relationship was proven for all sectors in Denmark, for government, private non-profit and higher education sectors in Slovakia and for government sector in the Czechia.