Productivity and Economic Growth in the European Union: Impact of Investment in Research and Development

Aghion, P., & Howitt, P. (1992). A model of growth through creative destruction. Econometrica, 60(2), 323-351. https://doi.org/10.2307/295159910.2307/2951599Open DOISearch in Google Scholar

Aghion, P., & Howitt, P. (2009). The Economics of Growth. Massachussets: Institute of Technology.Search in Google Scholar

Arrow, K. J. (1962). The economic implications of learning by doing. Review of Economic Studies, 29(3) 155-173. https://doi.org/10.2307/229595210.2307/2295952Open DOISearch in Google Scholar

Artenjak, J. (2003). Poslovna statistika. Maribor: Ekonomsko-poslovna fakulteta.Search in Google Scholar

Coccia, M. (2009). What is the optimal rate of R&D investment to maximize productivity Growth? Technological Forecasting & Social Change, 76, 433-446. https://doi.org/10.1016/j.techfore.2008.02.00810.1016/j.techfore.2008.02.008Open DOISearch in Google Scholar

Eurostat. (2016). Statistics Explained. R&D expenditure: http://ec.europa.eu/eurostat/statistics-explained/index.php/R_%26_D_expenditure.Search in Google Scholar

Gehringer, A., Martinez-Zarzoso, I., & Danzinger, F.N.L. (2016). What are the drivers of total factor productivity in the European Union? Economics of Innovation and New Technology 25(4), 406-434. https://doi.org/10.1080/10438599.2015.106700710.1080/10438599.2015.1067007Open DOISearch in Google Scholar

Gocer. I., Sedat A., & P. Osman. (2016). Effects of R&D and innovation on income in EU countries: New generation panel cointegration and causality analysis. Theoretical and Applied Economics, 23(4), 153-164.Search in Google Scholar

Grossman G. M., & Helpman, E. (1991). Trade, knowledge spillovers, and growth. European Economic Review, 35, 517-526. https://doi.org/10.1016/0014-2921(91)90153-A10.1016/0014-2921(91)90153-Open DOISearch in Google Scholar

Gujarati, D. (2011). Econometrics by Example. Hampshire: Palgrave Macmillan Limited.Search in Google Scholar

Hall, B. H., & Mairesse J. (1995). Exploring the relationship between R&D and productivity in French manufacturing firms. NBER Working Paper No. 3956. https://doi.org/10.1016/0304-4076(94)01604-X10.1016/0304-4076(94)01604-XOpen DOISearch in Google Scholar

Lichtenberg, F. R. & Siegel D. (1991). The impact of R&D investment on productivity: New evidence using linked R&D-LRD data. Economic Inquiry 29: 203-229. https://doi.org/10.1111/j.1465-7295.1991.tb01267.x10.1111/j.1465-7295.1991.tb01267.xOpen DOISearch in Google Scholar

Lucas, R. (1988). On the mechanics of economic development. Journal of Monetary Economics, 22(1), 3-42. https://doi.org/10.1016/0304-3932(88)90168-710.1016/0304-3932(88)90168-7Open DOISearch in Google Scholar

Lundvall, B. A. (1992). National Systems of Innovation: Towards a Theory of Innovation and Interactive Learning. London: Pinter Publishers.Search in Google Scholar

Nelson, R. R. (1993). National Innovation Systems: A Comparative Analysis. Oxford: Oxford University Press.10.1093/oso/9780195076165.001.0001Search in Google Scholar

North, D. C. (2003). The role of institutions in economic development, ECE Discussion Paper Series 2003(2), 1-10.Search in Google Scholar

Pack, H. (1994). Endogenous growth theory: Intellectual appeal and empirical shortcomings. Journal of Economic Perspectives, 8(1): 55-72. https://doi.org/10.1257/jep.8.1.5510.1257/jep.8.1.55Open DOISearch in Google Scholar

Pfajfar, L. (2014). Osnovna ekonometrija. Ljubljana: Ekonomska fakulteta.Search in Google Scholar

Pokrivcak, J., & T. Zahorsky. (2016). Economic growth and its determinants across CEE countries. International Scientific Days 2016: The Agri-Food Value Chain: Challenges for Natural Resources Management and Society, p. 956-963. https://doi.org/10.15414/isd2016.s12.0710.15414/isd2016.s12.07Open DOISearch in Google Scholar

Romer, P. (1990). Endogenous technological change. Journal of Political Economy, 98(5), 71-102. https://doi.org/10.1086/26172510.1086/261725Open DOISearch in Google Scholar

Solow, R. M. (1956). A contribution to the theory of economic growth. Quarterly Journal of Economics, 70(1), 65-94. https://doi.org/10.2307/188451310.2307/1884513Open DOISearch in Google Scholar

Solow, R. M. (1957). Technical change and the aggregate production function. The Review of Economics and Statistics, 39(3), 312-320. https://doi.org/10.2307/192604710.2307/1926047Open DOISearch in Google Scholar

Swan, T. W. (1956). Economic growth and capital accumulation. Economic Record, 32 (2), 334-361. https://doi.org/10.1111/j.1475-4932.1956.tb00434.x10.1111/j.1475-4932.1956.tb00434.xOpen DOISearch in Google Scholar

Zachariadis, M. 2004. R&D-induced growth in the OECD? Review of Development Economics, 8: 423-439. https://doi.org/10.1111/j.1467-9361.2004.00243.x10.1111/j.1467-9361.2004.00243.xSearch in Google Scholar