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Circular Causality of R&D and Export in EU countries

Journal: World Journal of Applied Economics (Vol.1, No. 1)

Publication Date:

Authors : ; ;

Page : 82-105

Keywords : Research and Development (R&D); export; EU; manufacturing; services.;

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The main objective of the study is to explore the relationship between Research and Development (R&D) investments and export behaviour in EU countries in the aspect of competitiveness. To this end, the micro-aggregated Community Innovation Survey 3 (CIS3) is used. Both the volume and the decision of R&D investment and export are found to be mutually dependent. Particularly, in manufacturing industry, the effect of export on R&D is underestimated and the one of R&D on export is overestimated. In the knowledge intensive sectors, circular causality link is broken between the R&D and export.

Last modified: 2017-04-30 01:32:19