Contribution of space R&D; expenditures to the economic growth of the EU

Perić, Silvija

The thesis explores quantitative relationship between space R&D expenditures and economic growth of the EU Member States. So far, there hasn’t been done quantitative research on the causal relationship of these two variables in Europe. The paper attempts to compose appropriate review of the previous research and to find the best method to evaluate the aforementioned relationship. It presents limitations in available literature in this field, as well as limitations in suitable methodology and available data. For our panel dataset we chose Granger causality. The results of the research show that there is no significant quantitative relationship - space expenditures per capita don’t Granger cause real GDP per capita, and vice versa. In the end, we provide recommendations for the EU policy, as well as for the national policies. Researchers should try to use unified time periods as well as corresponding type of data, measures, and methodology.

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