How To Increase R&D in Transition Economies? Evidence from Slovenia

Show simple item record Domadenik, Polona Prasnikar, Janez Svejnar, Jan 2006-05 2007-06-13T18:53:35Z 2007-06-13T18:53:35Z 2007-06-13T18:53:35Z
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_US
dc.format.extent 225576 bytes
dc.format.mimetype application/pdf
dc.language.iso en_US en_US
dc.relation.ispartofseries 27 en_US
dc.subject Transition en_US
dc.subject R&D Investment en_US
dc.subject Firms in Transition en_US
dc.subject Employee Ownership en_US
dc.subject Institutions en_US
dc.subject Openness en_US
dc.title How To Increase R&D in Transition Economies? Evidence from Slovenia en_US
dc.type Working Paper en_US
dc.subject.hlbtoplevel Social Sciences
dc.contributor.affiliationum International Policy Center (IPC); Gerald R. Ford School of Public Policy en_US
dc.contributor.affiliationother Faculty of Economics, University of Ljubljana & Institute for South-East Europe (ISEE) en_US
dc.contributor.affiliationumcampus Ann Arbor
dc.description.bitstreamurl doc-corr1 03-20-07.pdf en_US
dc.owningcollname International Policy Center (IPC) - Working Paper Series
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