engleski

R&D intensity in Central and East European economies

The R&D activity is widely acknowledged as an important driving force of economic growth and development. It is well known and documented that only small numbers of countries are involved in majority of world’s R&D activity. However, indigenous R&D activity is important for every country due to challenges posed by technology transfer and country specific characteristics that foreign technologies do not take into account. In this paper we analyze performance of East European economies given their R&D activity and their research output in form of patents and this is further related to economic growth of countries.

R&D; Central and East Europe; economic growth

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