Impact Of Investments In Research Research Articles

Innovation and performance: the impact of research and development research on the economic and stock market performance of European companies

"The research paper consists in analyzing the impact of investments in research and development on the economic and stock market performance of European companies. Several studies have shown that investments in research and development have a direct and positive impact on financial performance at the level of a company, supporting the theory that investments in innovation have a long-term effect on performance. The aim of the paper is to study the existence and intensity of the link between investment in research and development and the economic performance of European companies. The study is developed based on the EU 2020 Industrial Research and Development Investment Scoreboard (IRI), using data from 535 companies in Europe for the period 2016-2019. The statistical research method involves regression analysis using panel data, the statistical processing being performed using the statistical program EViews, version 7.0. The research results indicate that investments in research and development have a stronger impact on performance in companies that invest more in this area than in those that invest less."

Investment in research and development and their impact on economic growth (GDP growth) of Bosnia and Herzegovina

By investing in research and development, Bosnia and Herzegovina can achieve a competitive advantage in the market and play an important role in supporting research and development, because it can facilitate investments through tax policies and measures, cooperation between science, the state and companies, etc. It is important to note that all attempts to support stronger investments in research and development are fully justified, as they lead to economic growth and technological progress to Bosnia and Herzegovina. However, it is important that incentives are created in a way that not only implies investment growth, but also ensures their efficiency. More plastically, it is not only important how much will be invested in R&D, but also how, that is, what exactly will be invested in. Using theoretical models, numerous empirical studies have been conducted that examine the importance of investment in research and development and their impact on economic growth (GDP growth). Such empirical research differs in the selected variables, the type of statistical analysis and the results. The paper uses regression analysis models for selected macroeconomic indicators in the observed period. The aim of the research is to assess the effects of selected macroeconomic factors, especially the impact of investment in research and development on the growth of gross domestic product (dependent variable), and to answer the question whether investment in research and development (GERD) in Bosnia and Herzegovina is satisfactory?

Dime cómo creces y te diré cómo inviertes. El impacto de la I+D, los recursos humanos y los sistemas de innovación en el crecimiento económico:

Este artículo analiza el impacto de las inversiones en investigación y desarrollo (I+D) y en recursos humanos calificados (RHC) en el crecimiento económico, dado el sistema nacional de innovación (SNI). Pese a la relevancia de estas inversiones, se ha prestado escasa atención a las características de los SNI que las determinan. Los resultados confirman las hipótesis: i) las inversiones en I+D impactan en el crecimiento de los países de ingresos altos y medios; ii) sólo en estos últimos las inversiones en RHC impactan en el crecimiento; iii) ninguno de los tipos de inversiones impacta en los países de ingresos bajos; iv) entre los países de ingresos altos la infraestructura avanzada es el factor explicativo más importante del entorno; en los países de ingreso medio se agrega la infraestructura básica y la equidad y en los países de ingresos bajos solo resulta significativa la infraestructura básica.

Uticaj ulaganja u istraživanje i razvoj na ekonomski rast u Republici Srbiji

The main objective of this paper is to examine the impact of investment in research and development on economic growth in the Republic of Serbia, expressed through the correlation of this and other macroeconomic aggregates. A variety of statistical and econometric techniques of variables and time series analysis are employed. In order to quantify the contribution of investments in research and development to the GDP real growth, initially data series at current prices are converted in real terms, applying previously calculated composite deflator for research and development. Based on these data, estimated for the period 1995-2015, the contribution of R&D investments to the GDP real growth is explicitly shown and expressed in percentage points. Also, the latest available data since 2016. up to 2018. have been presented in order to show the trend in this area. The empirical results achieved in the study reveal a strong interdependence among the R&D expenditures and economic performance at the national level in Serbia. Based on these findings, a statistically significant causality relationship oriented from GDP real growth to research and development activity is confirmed. As real economic activities and growth rate increase, R&D must also increase for sustainability. However, the causality in the opposite direction cannot be verified.

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

Abstract This paper focuses on investment in research and development as a factor of labour productivity and economic growth. Our analysis confirms the link between expenditure for research and development (expressed in % of GDP) and labour productivity (expressed in the number of hours worked) based on selected data for EU Member States in the period 1995-2013. A causal link between variables of the concave parabola was confirmed, and the value of expenditure for research and development (2.85% of EU GDP) maximising productivity (per hour of work) was determined based on the examined data. In accordance with these findings, EU’s target of reaching 3% of GDP spent on research and development to be achieved by 2020 seems in support of reaching maximum productivity in the EU.

The contribution of research and innovation to productivity

This paper examines the impact of investment in research and innovation on Australian market sector productivity. While previous studies have largely focused on a narrow class of private sector intangible assets as a source of productivity gains, this paper shows that there is a broad range of other business sector intangible assets that can significantly affect productivity. Moreover, the paper pays special attention to the role played by public funding for research and innovation. The empirical results suggest that there are significant spillovers to productivity from public sector R&D spending on research agencies and higher education. No evidence is found for productivity spillovers from indirect public funding for the business enterprise sector, civil sector or defence R&D. These findings have implications for government innovation policy as they provide insights into possible productivity gains from government funding reallocations.

The Contribution of Research and Innovation to Productivity and Economic Growth

This paper examines the impact of investment in research and innovation on Australian market sector productivity. While previous studies have largely focused on a narrow class of private sector intangible assets as a source of productivity gains, this paper shows that there is a broad range of other business sector intangible assets that can significantly affect productivity. Moreover, the paper pays special attention to the role played by public support for research and innovation in the economy. The empirical results suggest that there are significant spillovers to productivity from public sector R&D spending on research agencies and higher education. No evidence is found for productivity spillovers from indirect public support for the business enterprise sector, civil sector or defence R&D. These findings could have implications for government innovation policy as they provide insights into possible productivity gains from government funding reallocations.

Impact of Government Investments in Research & Innovation: A Review of Academic Investigations

In the interests of providing government policy makers and research managers with an appreciation of the scope, findings, and value of the academic literature, and of facilitating policy making that is informed by evidence, we conduct a systematic review of the recent academic literature on the impact of government investments in research and innovation. Our review considers 50 articles published in the leading academic journals between 2000 and 2012. We examine research on a wide range of research and innovation investments; from investments in basic research to R&D tax credits. We find that a wide variety of measures of the outputs and impacts of investments in research and innovation (over 30) were employed, and that most studies report a positive impact. Several studies point to the importance of investments in basic research, and provide support for theories of geographically-mediated knowledge spillovers and socially-embedded economic activity. We conclude that while the emergent state of knowledge on the design and assessment of government investments in research and innovation precludes the identification of best practices, an understanding of the literature, coupled with an understanding of contextual specifics, will enable the design of interventions and assessment methodologies that are informed by the best available evidence.

Impact of research investment on Cassava production technologies in India

The present study was an ex-post assessment done to validate past funding on cassava research, based on economic surplus approach. Though cassava was introduced as a food crop in Kerala, India from Brazil, it has changed its status to commercial crop at present in Tamil Nadu and Andhra Pradesh states. This was made possible due to intensive research and development efforts of different R&D organizations. Cassava technologies developed enabled in sustaining the crop in the country with the world’s highest productivity. All the cassava production technologies considered in the study resulted in an economic surplus of Rs.3585.87 million in the target domain covering Kerala, Tamil Nadu and Andhra Pradesh. Consumers and producers benefited to the tune of Rs.2090.64 million and Rs.1495.23 million respectively. Net present value of economic gains was estimated to be Rs.3548.76 million. Present value of research investment on cassava production technologies was Rs.37.11 million resulting in benefit cost ratio of 96.63:1 with a high internal rate of return of 104 per cent. Thus the study indicated that the research investments incurred on cassava production technologies development was highly economical and provided evidence to the policy makers that supporting the research investment on underground, under exploited tropical root crops like cassava is an economically viable proposition.