Contribution of R&D services to added economic value in Estonia
Proceeding: 11th International Academic Conference (IAC)Publication Date: 2014-06-24
Authors : Hazak Aaro; Ruubel Raul;
Page : 129-129
Keywords : R&D services; GDP; supply and use tables; input-output modelling;
- Contribution of R&D services to added economic value in Estonia
- A COMPARATIVE STUDY OF THE CONTRIBUTION OF VALUE-ADDED SERVICES TO CHINA'S TOTAL INDUSTRY EXPORT
- CHANGES IN ECONOMIC VALUE ADDED AND MARKET VALUE ADDED IN COMPANIES LISTED IN INDONESIA STOCK EXCHANGE BEFORE AND AFTER MERGERS AND ACQUISITIONS : AN EMPIRICAL STUDY
- The Analysis of Effect of Economic Value Added (EVA) and Market Value Added (MVA) on Share Price of Subsector Companies of Property Incorporated in LQ45 Indonesia Stock Exchange in Period of 2009-2013
- CONSUMER PERCEPTION TOWARDS MOBILE VALUE ADDED SERVICES
Abstract
The role and intensity of knowledge within an economy remains a key success factor for long-term economic growth, increased productivity, competitiveness and socio-economic sustainability. These challenges are particularly important for emerging economies that are yet to catch up frontier knowledge economies. This paper seeks to understand the contribution that R&D services have through added economic value to the GDP in Estonia. Based on the most recent supply and use matrices on the data from year 2009, prepared under the input-output framework of Estonian national accounts, we identify to which extent do the R&D services used in the Estonian economy originate from domestic industries and imports, and how the supplies of R&D services are allocated between intermediate and final uses, including exports. As an output of that analysis we identify the direct contribution of R&D services to added economic value in the Estonian economy to be 0.5% and their primary indirect contribution to be 0.4%. Further indirect effects however exist which need to be quantified under our following studies. Vast majority (93%) of the R&D services used in the Estonian economy appear to be of local origin, generated primarily by companies specialising in R&D services. Export capacity of Estonian R&D services appears to be very limited, contributing 0.2% of Estonian total exports. Overall, we identify that a significant progress is yet to be made to catch up with knowledge frontier countries.
Other Latest Articles
- Interfirm cooperation and uncertainty: a study in the ICT Industry
- GLASS CEILING SYNDROME IN CAREER MANAGEMENT AND WOMEN MANAGERS DIMENSION
- Success and failure in European environmental health policies
- STRATEGIES FOR IMPROVING STUDENTS PERFORMANCE IN FINANCIAL ACCOUNTING IN NCE BUSINESS EDUCATION PROGRAMMES IN COLLEGES OF EDUCATION IN SOUTH -EAST NIGERIA
- Teaching English Filler Words and Students’ Usage of them: A Study Conducted at Osmangazi University Preparation School
Last modified: 2015-03-07 20:13:53