How to Increase R & D in Transition Economies? Evidence from Slovenia
dc.contributor.author | Domadenik, Polona | |
dc.contributor.author | Prasnikar, Janez | |
dc.contributor.author | Svejnar, Jan | |
dc.date | 2006-05 | |
dc.date.accessioned | 2007-06-15T19:32:51Z | |
dc.date.available | 2007-06-15T19:32:51Z | |
dc.date.issued | 2007-06-15T19:32:51Z | |
dc.identifier.uri | https://hdl.handle.net/2027.42/55173 | |
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 | 245162 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 | Employee Ownership and Control | en_US |
dc.subject | Institutions | en_US |
dc.subject | Openess | en_US |
dc.subject | Firms in Transition | en_US |
dc.subject.other | C33 | en_US |
dc.subject.other | D01 | en_US |
dc.subject.other | L2 | en_US |
dc.subject.other | 031 | en_US |
dc.subject.other | P2 | 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 | University of Ljubljana & Institutue for South-East Europe (ISEE) | en_US |
dc.contributor.affiliationumcampus | Ann Arbor | |
dc.description.bitstreamurl | http://deepblue.lib.umich.edu/bitstream/2027.42/55173/1/IPC-Working-Paper-027-Domadenik-Svejnar.pdf | en_US |
dc.owningcollname | International Policy Center (IPC) - Working Paper Series |
Files in this item
Remediation of Harmful Language
The University of Michigan Library aims to describe library materials in a way that respects the people and communities who create, use, and are represented in our collections. Report harmful or offensive language in catalog records, finding aids, or elsewhere in our collections anonymously through our metadata feedback form. More information at Remediation of Harmful Language.
Accessibility
If you are unable to use this file in its current format, please select the Contact Us link and we can modify it to make it more accessible to you.