R&D Investments in the European ICT sector: Implications for Business Performance

IF 16.4 1区化学 Q1 CHEMISTRY, MULTIDISCIPLINARY

Accounts of Chemical Research Pub Date : 2020-11-01 DOI:10.2478/bsrj-2020-0025

J. Huňady, Peter Pisár, Ina Ďurčeková

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引用次数: 7

Abstract

Abstract Background A significant share of business innovation arises from information and communication (ICT) sector. Business investment into research and development (R&D) activities can be seen as an important basis for innovation, which can further lead to better economic performance. This can be especially true for the ICT sector. Objectives The paper examines the share of the ICT sector on innovation and the total R&D expenditure in selected European countries. Furthermore, our aim is to test the potential positive correlation between R&D expenditure, productivity and the value added in the sector. Methods/Approach The goals of the paper has been tested by empirical data analysis using the pane regression analysis. We examined panel data for 24 European countries in the 2008-2016 period. Results The highest share of business R&D expenditure in ICT has been captured in Nordic countries. Firms in ICT appear to be innovative above the average and represent a significant share in the total business R&D expenditure. Conclusions We found a positive correlation between R&D expenditure and both value-added and apparent labour productivity in the ICT sector. We believe that this could be to some extent attributed to the innovation of products and processes. Hence, the government support in the form of R&D tax incentives can be also beneficial for the economic performance of ICT firms.

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欧洲ICT行业的研发投资:对企业绩效的影响

商业创新的很大一部分来自信息通信(ICT)行业。企业对研究与开发(R&D)活动的投资可以被视为创新的重要基础，创新可以进一步带来更好的经济绩效。信息通信技术部门尤其如此。本文考察了选定的欧洲国家中信息通信技术部门在创新和总研发支出方面的份额。此外，我们的目的是检验研发支出、生产率和行业增加值之间潜在的正相关关系。方法/方法采用窗格回归分析的实证数据分析方法对本文的目标进行了检验。我们研究了2008-2016年期间24个欧洲国家的面板数据。结果北欧国家在信息通信技术方面的企业研发支出份额最高。信息通信技术公司的创新能力似乎高于平均水平，在企业研发支出总额中占很大份额。结论:ICT行业的研发支出与增加值和表观劳动生产率之间存在正相关关系。我们认为，这可能在一定程度上归因于产品和工艺的创新。因此，政府以研发税收激励形式的支持也有利于信息通信技术企业的经济绩效。

本文章由计算机程序翻译，如有差异，请以英文原文为准。

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来源期刊

Accounts of Chemical Research 化学-化学综合

CiteScore

31.40

自引率

1.10%

发文量

312

审稿时长

2 months

期刊介绍： Accounts of Chemical Research presents short, concise and critical articles offering easy-to-read overviews of basic research and applications in all areas of chemistry and biochemistry. These short reviews focus on research from the author’s own laboratory and are designed to teach the reader about a research project. In addition, Accounts of Chemical Research publishes commentaries that give an informed opinion on a current research problem. Special Issues online are devoted to a single topic of unusual activity and significance. Accounts of Chemical Research replaces the traditional article abstract with an article "Conspectus." These entries synopsize the research affording the reader a closer look at the content and significance of an article. Through this provision of a more detailed description of the article contents, the Conspectus enhances the article's discoverability by search engines and the exposure for the research.