The Nexus Between Research and Development, Protection of Intellectual Property Rights and Financial Development. A European Perspective

Considering the role of research and development in increasing knowledge with creative work, in this study, we analyse the link between research and development expenditures in several performance sectors (business, government, higher education) and indicators regarding the protection of intellectua...

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Bibliographic Details
Published in:Amfiteatru economic 2022-11, Vol.24 (SI16), p.970-988
Main Authors: Hurduzeu, Gheorghe, Lupu, Radu, Lupu, Iulia, Călin, Adrian Cantemir
Format: Article
Language:English
Subjects:
Business Economy / Management
Civil Law
Economic growth
EU-Accession / EU-DEvelopment
Financial Markets
Higher education
Human Rights and Humanitarian Law
Industrialized nations
Innovations
Intellectual development
Intellectual property
Investments
Panel data
Property rights
R&D
Research & development
Research & development expenditures
Society
Stock exchanges
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Summary:Considering the role of research and development in increasing knowledge with creative work, in this study, we analyse the link between research and development expenditures in several performance sectors (business, government, higher education) and indicators regarding the protection of intellectual property rights and financial development. The analysis refers to the member states of the European Union, divided into two categories (Central and Eastern Europe and Western Europe), for the period 2007-2020. The results obtained after using a panel data methodology suggest that the settings are different for the two groups of countries. This new perspective (i.e., the disparity between regions and the type of sector) can be considered as evidence in favour of decisions to support research and development expenditures in sensitive situations.
ISSN:1582-9146
2247-9104
DOI:10.24818/EA/2022/S16/970