How to Increase R&D in Transition Economies? Evidence from Slovenia
dc.contributor.author | Svejnar, Jan | |
dc.contributor | Domadenik, Polona | |
dc.contributor | Prašnikar, Janez | |
dc.date.accessioned | 2007-05-16T16:03:14Z | |
dc.date.available | 2007-05-16T16:03:14Z | |
dc.date.issued | 2007-05 | |
dc.identifier | 1078 | en |
dc.identifier.uri | https://hdl.handle.net/2027.42/51440 | |
dc.description.abstract | Paper addresses the recent initiatives of EU Lisbon Agenda to increase level of R&D expenses in EU Member States by studying firm-level panel data in most advanced transition economy, Slovenia. Previous empirical literature - mainly cross-sectional - has tested the demand-pull hypothesis and found in overall that R&D expenses may be driven by output. Using a panel of over 150 Slovene firms over the 1996-2000 period, and checking for fixed effects, time, industrial and size dummies and for the path-dependent nature of R&D, we also find a significant role of sales in inducing R&D expenditures. Besides that data also confirm that internal funds and (un)successful bargaining for higher wages present significant variables for higher R&D expenses. However, at the micro level, the demand-pull, internal funds and bargaining effects play a varying role for the different sub-samples of firms. In particular, exporting firms, those which are liquidity-constrained, those not receiving public subsidies and those not heading a business group, seem to be particularly sensitive in deciding their R&D expenditures. R&D behavior at the firm level is modeled as error-correction model and estimated in system GMM specification. | en |
dc.format.extent | 258743 bytes | |
dc.format.mimetype | application/pdf | |
dc.subject | Transition, R&D Investment, Firms in Transition, Employee Ownership and Control, Institutions, Openness | en |
dc.subject.classification | Business Economics | en |
dc.title | How to Increase R&D in Transition Economies? Evidence from Slovenia | en |
dc.type | Working Paper | en_US |
dc.subject.hlbsecondlevel | Economics | en_US |
dc.subject.hlbtoplevel | Business | en_US |
dc.contributor.affiliationum | Ross School of Business | en |
dc.contributor.affiliationother | Faculty of Economics, University of Ljubljana & Institute for South-East Europe (ISEE) | en |
dc.contributor.affiliationother | Faculty of Economics, University of Ljubljana & Institute for South-East Europe (ISEE) | en |
dc.contributor.affiliationumcampus | Ann Arbor | |
dc.description.bitstreamurl | http://deepblue.lib.umich.edu/bitstream/2027.42/51440/1/1078-Svejnar.pdf | en_US |
dc.owningcollname | Business, Stephen M. Ross School of - Working Papers Series |
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