IDEAS home Printed from https://ideas.repec.org/a/bit/bsrysr/v9y2018i1p44-54n4.html
   My bibliography  Save this article

Research Activities and their Relation to Economic Performance of Regions in the European Union

Author

Listed:
  • Hiadlovsky Vladimir

    (Faculty of Economics, Matej Bel University in Banska Bystrica, Banska Bystrica, Slovakia)

  • Hunady Jan

    (Faculty of Economics, Matej Bel University in Banska Bystrica, Banska Bystrica, Slovakia)

  • Orviska Marta

    (Faculty of Economics, Matej Bel University in Banska Bystrica, Banska Bystrica, Slovakia)

  • Pisar Peter

    (Faculty of Economics, Matej Bel University in Banska Bystrica, Banska Bystrica, Slovakia)

Abstract

Background: The intensity of innovation could often be crucial for further economic development of the regions. Science and technology are often seen as the key factor supporting innovation in the regions. Furthermore, we can assume that higher intensity of research activities could lead to better economic performance.Objectives: Research aims to examine the link between the economic performance of the region and the intensity of science and technology activities, proxied by the share of employees in science and technology.Methods/Approach: The analysis is based on panel data for NUTS2 regions of the European Union (EU) member states. We conducted correlation analysis, panel Granger causality tests and regression analysis.Results: Our results suggest the existence of a significant positive correlation between GDP per capita and the share of employees in science and technology. Moreover, the regions with a higher intensity of science and technology activities are mostly characterized by relatively low unemployment rates.Conclusions: Research activities are positive correlated with regional GDP and negatively correlated with unemployment. However, increasing the share of employment in science and technology beyond a certain turning point would not lead to any further positive effects on regional economic performance.

Suggested Citation

  • Hiadlovsky Vladimir & Hunady Jan & Orviska Marta & Pisar Peter, 2018. "Research Activities and their Relation to Economic Performance of Regions in the European Union," Business Systems Research, Sciendo, vol. 9(1), pages 44-54, March.
    • Handle: RePEc:bit:bsrysr:v:9:y:2018:i:1:p:44-54:n:4
    DOI: 10.2478/bsrj-2018-0004
    as

    Download full text from publisher

    File URL: https://doi.org/10.2478/bsrj-2018-0004
    Download Restriction: no
    File URL: https://libkey.io/10.2478/bsrj-2018-0004?utm_source=ideas
    LibKey link: if access is restricted and if your library uses this service, LibKey will redirect you to where you can use your library subscription to access this item
    ---><---

    References listed on IDEAS

    as
    1. Bengt-ake Lundvall & Bjorn Johnson, 1994. "The Learning Economy," Industry and Innovation, Taylor & Francis Journals, vol. 1(2), pages 23-42.
    2. Martín, Carmela & Mulas-Granados, Carlos & Sanz, Ismael, 2005. "Spatial distribution of R&D expenditure and patent applications across EU regions and its impact on economic cohesion," INVESTIGACIONES REGIONALES - Journal of REGIONAL RESEARCH, Asociación Española de Ciencia Regional, issue 6, pages 41-61.
    3. Robert M. Solow & Jean-Philippe Touffut (ed.), 2010. "The Shape of the Division of Labour," Books, Edward Elgar Publishing, number 14184.
    4. Fischer, Manfred M. & Scherngell, Thomas & Reismann, Martin, 2008. "Knowledge spillovers and total factor productivity. Evidence using a spatial panel data model," MPRA Paper 77762, University Library of Munich, Germany.
    5. Michael Fritsch & Alexandra Schroeter, 2011. "Why does the effect of new business formation differ across regions?," Small Business Economics, Springer, vol. 36(4), pages 383-400, May.
    6. Bronwyn H. Hall & Francesca Lotti & Jacques Mairesse, 2013. "Evidence on the impact of R&D and ICT investments on innovation and productivity in Italian firms," Economics of Innovation and New Technology, Taylor & Francis Journals, vol. 22(3), pages 300-328, April.
    7. Koen Frenken & Frank Van Oort & Thijs Verburg, 2007. "Related Variety, Unrelated Variety and Regional Economic Growth," Regional Studies, Taylor & Francis Journals, vol. 41(5), pages 685-697.
    8. Jesús Crespo Cuaresma & Gernot Doppelhofer & Martin Feldkircher, 2014. "The Determinants of Economic Growth in European Regions," Regional Studies, Taylor & Francis Journals, vol. 48(1), pages 44-67, January.
    9. Bernard Fingleton (ed.), 2003. "European Regional Growth," Advances in Spatial Science, Springer, number 978-3-662-07136-6, december.
    10. Peter Arbo & Paul Benneworth, 2007. "Understanding the Regional Contribution of Higher Education Institutions: A Literature Review," OECD Education Working Papers 9, OECD Publishing.
    11. Sterlacchini, Alessandro, 2008. "R&D, higher education and regional growth: Uneven linkages among European regions," Research Policy, Elsevier, vol. 37(6-7), pages 1096-1107, July.
    12. Hudec, Oto & Urbančíková, Nataša & Džupka, Peter & Šebová, Miriam & Klimovský, Daniel & Suhányi, Ladislav & Želinský, Tomáš, 2009. "Podoby regionálneho a miestneho rozvoja [Patterns of Regional and Local Development]," MPRA Paper 113811, University Library of Munich, Germany.
    13. Jan Huňady & Marta Orviská & Beata Šarkanová, 2014. "Determinants of European Firm's Innovation and the Role of Public Financial Support," European Financial and Accounting Journal, Prague University of Economics and Business, vol. 2014(1), pages 62-84.
    14. Andrea Caragliu & Camilla Lenzi & Rudolf Pástor & Miroslav Šipikal & Štefan Rehák, 2013. "Knowledge creation and knowledge acquisition in the software industry in Slovakia: the case study of Košice region," Regional Science Policy & Practice, Wiley Blackwell, vol. 5(4), pages 401-415, November.
    15. Doloreux, David & Parto, Saeed, 2005. "Regional innovation systems: Current discourse and unresolved issues," Technology in Society, Elsevier, vol. 27(2), pages 133-153.
    Full references (including those not matched with items on IDEAS)

    Citations

    Citations are extracted by the CitEc Project, subscribe to its RSS feed for this item.
    as


    Cited by:

    1. KYDROS Dimitrios & FILENTA Pagona, 2022. "Literature Review of Economic and Regional Development through Quantitative Methods and Social Network Analysis," European Journal of Interdisciplinary Studies, Bucharest Economic Academy, issue 01, March.

    Most related items

    These are the items that most often cite the same works as this one and are cited by the same works as this one.
    1. Hunady, Jan & Orviska, Marta & Pisar, Peter, 2017. "The Link between Human Resources in Science and Technology and Regional Economic Development in the EU," Proceedings of the ENTRENOVA - ENTerprise REsearch InNOVAtion Conference (2017), Dubrovnik, Croatia, in: Proceedings of the ENTRENOVA - ENTerprise REsearch InNOVAtion Conference, Dubrovnik, Croatia, 7-9 September 2017, pages 405-411, IRENET - Society for Advancing Innovation and Research in Economy, Zagreb.
    2. Jesús Peiró-Palomino, 2016. "European regional convergence revisited: the role of intangible assets," The Annals of Regional Science, Springer;Western Regional Science Association, vol. 57(1), pages 165-194, July.
    3. Roberta Capello & Camilla Lenzi, 2014. "Spatial Heterogeneity In Knowledge, Innovation, And Economic Growth Nexus: Conceptual Reflections And Empirical Evidence," Journal of Regional Science, Wiley Blackwell, vol. 54(2), pages 186-214, March.
    4. Terje Grønning & Siw Fosstenløkken, 2015. "The Learning Concept Within Innovation Systems Theorizing: A Narrative Review of Selected Publications on National and Regional Innovation Systems," Journal of the Knowledge Economy, Springer;Portland International Center for Management of Engineering and Technology (PICMET), vol. 6(2), pages 420-436, June.
    5. Karl-Johan Lundquist & Michaela Trippl, 2009. "Towards Cross-Border Innovation Spaces: A theoretical analysis and empirical comparison of the Öresund region and the Centrope area," SRE-Disc sre-disc-2009_05, Institute for Multilevel Governance and Development, Department of Socioeconomics, Vienna University of Economics and Business.
    6. Maciej Jagódka & Małgorzata Snarska, 2021. "The State of Human Capital and Innovativeness of Polish Voivodships in 2004–2018," Sustainability, MDPI, vol. 13(22), pages 1-20, November.
    7. Marte C.W. Solheim & Ron Boschma & Sverre Herstad, 2018. "Related variety, unrelated variety and the novelty content of firm innovation in urban and non-urban locations," Papers in Evolutionary Economic Geography (PEEG) 1836, Utrecht University, Department of Human Geography and Spatial Planning, Group Economic Geography, revised Oct 2018.
    8. Silvia Rita Sedita & Ivan De Noni & Roberta Apa & Luigi Orsi, 2016. "Measuring how the knowledge space shapes the technological progress of European regions," Papers in Evolutionary Economic Geography (PEEG) 1624, Utrecht University, Department of Human Geography and Spatial Planning, Group Economic Geography, revised Aug 2016.
    9. Michael P. Schlaile & Johannes Zeman & Matthias Mueller, 2021. "It’s a Match! Simulating Compatibility-based Learning in a Network of Networks," Economic Complexity and Evolution, in: Michael P. Schlaile (ed.), Memetics and Evolutionary Economics, chapter 0, pages 99-140, Springer.
    10. Emanuela Marrocu & Raffaele Paci & Marco Pontis, 2012. "Intangible capital and firms' productivity," Industrial and Corporate Change, Oxford University Press and the Associazione ICC, vol. 21(2), pages 377-402, April.
    11. Ugo Fratesi, 2010. "Regional innovation and competitiveness in a dynamic representation," Journal of Evolutionary Economics, Springer, vol. 20(4), pages 515-552, August.
    12. Hunady Jan & Orviska Marta & Pisar Peter, 2019. "What matters: The Formation of University Spin-offs in Europe," Business Systems Research, Sciendo, vol. 10(1), pages 138-152, April.
    13. David Rigby, 2012. "The Geography of Knowledge Relatedness and Technological Diversification in U.S. Cities," Papers in Evolutionary Economic Geography (PEEG) 1218, Utrecht University, Department of Human Geography and Spatial Planning, Group Economic Geography, revised Oct 2012.
    14. Vassilis Tselios, 2014. "The Granger-causality between income and educational inequality: a spatial cross-regressive VAR framework," The Annals of Regional Science, Springer;Western Regional Science Association, vol. 53(1), pages 221-243, August.
    15. Ron Boschma & Simona Iammarino, 2008. "Related variety, trade variety and regional growth in Italy," Papers in Evolutionary Economic Geography (PEEG) 0802, Utrecht University, Department of Human Geography and Spatial Planning, Group Economic Geography, revised Jan 2008.
    16. Valerien O. Pede & Raymond J. G. M. Florax & Henri L. F. de Groot & Gustavo Barboza, 2021. "Technological leadership and sectorial employment growth: A spatial econometric analysis for U.S. counties," Economic Notes, Banca Monte dei Paschi di Siena SpA, vol. 50(1), February.
    17. Robert Huggins & Hiro Izushi, 2013. "Knowledge-based Development in Leading Regions across the Globe: An Exploratory Analysis of the co-Evolution of Resources, Capabilities and Outputs," Urban Studies, Urban Studies Journal Limited, vol. 50(5), pages 1030-1048, April.
    18. Emanuela Marrocu & Raffaele Paci, 2011. "Education or just Creativity: what matters most for economic performance?," ERSA conference papers ersa11p199, European Regional Science Association.
    19. Franz Tödtling & Alexander Auer, 2021. "Knowledge bases, innovation and multi-scalar relationships: which kind of territorial boundedness of industrial clusters?," Chapters, in: Dirk Fornahl & Nils Grashof (ed.), The Globalization of Regional Clusters, chapter 7, pages 163-188, Edward Elgar Publishing.
    20. Rune Dahl Fitjar & Andrés Rodríguez-Pose, 2014. "When local interaction does not suffice: sources of firm innovation in urban Norway," Chapters, in: André Torre & Frédéric Wallet (ed.), Regional Development and Proximity Relations, chapter 5, pages 195-222, Edward Elgar Publishing.

    More about this item

    Keywords

    science and technology; regional development; university education; innovation; economic development;
    All these keywords.

    JEL classification:

    • I23 - Health, Education, and Welfare - - Education - - - Higher Education; Research Institutions
    • R59 - Urban, Rural, Regional, Real Estate, and Transportation Economics - - Regional Government Analysis - - - Other

    Statistics

    Access and download statistics

    Corrections

    All material on this site has been provided by the respective publishers and authors. You can help correct errors and omissions. When requesting a correction, please mention this item's handle: RePEc:bit:bsrysr:v:9:y:2018:i:1:p:44-54:n:4. See general information about how to correct material in RePEc.

    If you have authored this item and are not yet registered with RePEc, we encourage you to do it here. This allows to link your profile to this item. It also allows you to accept potential citations to this item that we are uncertain about.

    If CitEc recognized a bibliographic reference but did not link an item in RePEc to it, you can help with this form .

    If you know of missing items citing this one, you can help us creating those links by adding the relevant references in the same way as above, for each refering item. If you are a registered author of this item, you may also want to check the "citations" tab in your RePEc Author Service profile, as there may be some citations waiting for confirmation.

    For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: Peter Golla (email available below). General contact details of provider: https://www.sciendo.com .

    Please note that corrections may take a couple of weeks to filter through the various RePEc services.

    IDEAS is a RePEc service. RePEc uses bibliographic data supplied by the respective publishers.