Evaluation of the Impact of R&D on the Socio-Economic Development of EU Countries
Investment in R&D varies widely in EU countries, both in terms of its overall volume and the sources of investment, business, the state, and higher education institutions. To a large extent, the volume of investment depends on the state of economic development of the country. Economically dev...
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| Format: | Article |
| Language: | English |
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Editura ASE
2022-11-01
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| Series: | Amfiteatru Economic |
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| Online Access: | https://www.amfiteatrueconomic.ro/temp/Article_3158.pdf |
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| author | Romualdas Ginevičius Eigirdas Žemaitis Vladislavas Petraškevičius |
| author_facet | Romualdas Ginevičius Eigirdas Žemaitis Vladislavas Petraškevičius |
| author_sort | Romualdas Ginevičius |
| collection | DOAJ |
| description | Investment in R&D varies widely in EU countries, both in terms of its overall volume and
the sources of investment, business, the state, and higher education institutions. To a large
extent, the volume of investment depends on the state of economic development of the
country. Economically developed EU countries are dominated exclusively by business
investments, while investments in higher education play a limited role. This is because higher
education institutions perform a large part of R&D together with businesses. In developing
countries, investment in R&D is equally distributed between business, the state, and higher
education institutions. This is because scientific business research opportunities are still
limited in these countries. To adequately determine the impact of R&D investments on the
economic development of countries, the overall size of R&D investment needs to be
transformed in such a way as to assess its internal structure in which business and higher
education institutions have the highest importance. Investments in R&D have a lower direct
impact on a country’s social development compared to the impact on economic development.
This is because R&D affects economic development directly through technological
innovations and social development indirectly through economic development. |
| format | Article |
| id | doaj-art-a87a71f97bb342d68258b9f24eac34a7 |
| institution | OA Journals |
| issn | 1582-9146 2247-9104 |
| language | English |
| publishDate | 2022-11-01 |
| publisher | Editura ASE |
| record_format | Article |
| series | Amfiteatru Economic |
| spelling | doaj-art-a87a71f97bb342d68258b9f24eac34a72025-08-20T02:00:38ZengEditura ASEAmfiteatru Economic1582-91462247-91042022-11-0124Special Issue No. 16 1001 101310.24818/EA/2022/S16/1001 Evaluation of the Impact of R&D on the Socio-Economic Development of EU CountriesRomualdas Ginevičius0https://orcid.org/0000-0003-2067-4398Eigirdas Žemaitis 1https://orcid.org/0000-0002-4965-9186Vladislavas Petraškevičius2https://orcid.org/0000-0002-6131-1318Mykolas Romeris University, Vilnius, LithuaniaISM University of Management and Economics, Vilnius, LithuaniaVilnius Gediminas Technical University, LithuaniaInvestment in R&D varies widely in EU countries, both in terms of its overall volume and the sources of investment, business, the state, and higher education institutions. To a large extent, the volume of investment depends on the state of economic development of the country. Economically developed EU countries are dominated exclusively by business investments, while investments in higher education play a limited role. This is because higher education institutions perform a large part of R&D together with businesses. In developing countries, investment in R&D is equally distributed between business, the state, and higher education institutions. This is because scientific business research opportunities are still limited in these countries. To adequately determine the impact of R&D investments on the economic development of countries, the overall size of R&D investment needs to be transformed in such a way as to assess its internal structure in which business and higher education institutions have the highest importance. Investments in R&D have a lower direct impact on a country’s social development compared to the impact on economic development. This is because R&D affects economic development directly through technological innovations and social development indirectly through economic development.https://www.amfiteatrueconomic.ro/temp/Article_3158.pdfinvestment in r&dcountries’ economic and social developmentmulti-criteria approaches. |
| spellingShingle | Romualdas Ginevičius Eigirdas Žemaitis Vladislavas Petraškevičius Evaluation of the Impact of R&D on the Socio-Economic Development of EU Countries Amfiteatru Economic investment in r&d countries’ economic and social development multi-criteria approaches. |
| title | Evaluation of the Impact of R&D on the Socio-Economic Development of EU Countries |
| title_full | Evaluation of the Impact of R&D on the Socio-Economic Development of EU Countries |
| title_fullStr | Evaluation of the Impact of R&D on the Socio-Economic Development of EU Countries |
| title_full_unstemmed | Evaluation of the Impact of R&D on the Socio-Economic Development of EU Countries |
| title_short | Evaluation of the Impact of R&D on the Socio-Economic Development of EU Countries |
| title_sort | evaluation of the impact of r d on the socio economic development of eu countries |
| topic | investment in r&d countries’ economic and social development multi-criteria approaches. |
| url | https://www.amfiteatrueconomic.ro/temp/Article_3158.pdf |
| work_keys_str_mv | AT romualdasginevicius evaluationoftheimpactofrdonthesocioeconomicdevelopmentofeucountries AT eigirdaszemaitis evaluationoftheimpactofrdonthesocioeconomicdevelopmentofeucountries AT vladislavaspetraskevicius evaluationoftheimpactofrdonthesocioeconomicdevelopmentofeucountries |