Ostalo
Business R&D Expenditure in the ICT Sector: Effects on Business Performance Indicators
Jan Hunady
orcid.org/0000-0002-7075-2289
; Faculty of Economics Matej Bel University in Banska Bystrica, Slovakia
Peter Pisar
; Faculty of Economics Matej Bel University in Banska Bystrica, Slovakia
Ina Durcekova
; Faculty of Economics Matej Bel University in Banska Bystrica, Slovakia
Sažetak
Firms in information and communication (ICT) sector are often considered as an important element of business innovation performance in the economy. This paper is focused on examining their share on innovation and total research and development (R&D) expenditure in selected European countries. Moreover, our goal is to test the potential effect of R&D expenditure on selected business performance indicators. We used panel macro-level data from 24 countries during the years 2008-2016. Based on the results of panel regression analysis we found empirical evidence for the positive effect of R&D expenditure on value-added and apparent labour productivity in the ICT sector. This fact could be to some extent attributed to the innovation of products and processes. The highest share of business R&D expenditure in ICT is present in Nordic countries such as Island, Norway and Finland. Firms in ICT appear to be more above-average innovative and represent a significant share of total business R&D expenditure.
This work is licensed under a Creative Commons Attribution-NonCommercial 4.0 International License.
Ključne riječi
Hrčak ID:
251039
URI
Datum izdavanja:
31.10.2019.
Posjeta: 372 *