Circular Causality of R&D and Export in EU countries
Open Access
- 1 June 2015
- journal article
- Published by WERI Education Research Development Printing Publication, Ltd. in World Journal of Applied Economics
- Vol. 1 (1), 82
- https://doi.org/10.22440/econworld.j.2015.1.1.dc.0008
Abstract
The main objective of the study is to explore the relationship between Research and Development (R&D) investments and export behaviour in EU countries in the aspect of competitiveness. To this end, the micro-aggregated Community Innovation Survey 3 (CIS3) is used. Both the volume and the decision of R&D investment and export are found to be mutually dependent. Particularly, in manufacturing industry, the effect of export on R&D is underestimated and the one of R&D on export is overestimated. In the knowledge intensive sectors, circular causality link is broken between the R&D and export.Keywords
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