Research and Development Support and Impact on the Economic Growth

Jarmila Hudáková
2017 China-USA Business Review  
Research and development represents a significant sector of the economics of regions. The indicators characterising research and development are also used when evaluating the knowledge and innovation potential of regions. The purpose of article "Research and Development Support and Impact on the Economic Growth" is, using correlation analysis, to determine the interdependence between the increase of research and development expenditure and economic growth measured by gross domestic product in
more » ... mestic product in individual regions of the Slovak Republic. We examined whether research and development support in the form of R&D expenditure influences the economic growth of regions of the Slovak Republic at the level of NUTS III. We obtained the data from the Statistical Office of the Slovak Republic for the period from 2002 to 2015. The results pointed out regional differences. In certain regions the correlation is high, while in others it is weak. High correlation was presented mainly by Bratislava Region and Košice Region. However, from the results achieved, we cannot unambiguously deduct that research and development support does not have a positive effect on the economic growth of regions, where weak correlation was reported.
doi:10.17265/1537-1514/2017.10.001 fatcat:zmada5euujbmjpj4yaegwhlfqe