The Impact of R&D Expenditure on the Development of Global Competitiveness within the CEE EU Countries

The Impact of R&D Expenditure on the Development of Global Competitiveness within the CEE EU Countries

This paper examines the relations between the R&D expenditure and the global competitiveness development in the case of Slovakia as well as in member states of the European Union from Central and Eastern Europe (CEE EU (11)). To assess the competitiveness of CEE EU (11) member states, we used th...

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Veröffentlicht in:Journal of competitiveness 2018-09, Vol.10 (3), p.34-50
Hauptverfasser: Kiselakova, Dana, Sofrankova, Beata, Cabinova, Veronika, Onuferova, Erika, Soltesova, Janka
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Competitive advantage
Correlation analysis
Research & development expenditures
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container_issue 3
container_start_page 34
container_title Journal of competitiveness
container_volume 10
creator Kiselakova, Dana
Sofrankova, Beata
Cabinova, Veronika
Onuferova, Erika
Soltesova, Janka
description This paper examines the relations between the R&D expenditure and the global competitiveness development in the case of Slovakia as well as in member states of the European Union from Central and Eastern Europe (CEE EU (11)). To assess the competitiveness of CEE EU (11) member states, we used the Global Competitiveness Index (GCI) processed by the World Economic Forum (WEF). By using the correlation analysis, we focused on the detection of interrelations between the R&D expenditure height (per capita) (using five variables of GERD) and values of the overall GCI score as well as its three main subindexes in the case of CEE EU (11) countries over the period of 2007 – 2016. In doing so, we determined that an increase in R&D expenditures can significantly contribute to an increase in the CEE EU (11) countries’ competitiveness level. All performed analyses confirmed that it is important to focus on increasing R&D expenditures, especially in the higher education sector, as it has a significant influence on improving the global competitiveness development of the CEE EU (11) countries in the case of the 1st and 3rd GCI subindexes. In the end, it will be also reflected in the overall competitiveness assessment of this group of countries.
doi_str_mv 10.7441/joc.2018.03.03
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source DOAJ Directory of Open Access Journals; Elektronische Zeitschriftenbibliothek - Frei zugängliche E-Journals
subjects Competitive advantage
Correlation analysis
Research & development expenditures
title The Impact of R&D Expenditure on the Development of Global Competitiveness within the CEE EU Countries
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