References
- Aghion, P., & Akcigit, U. (2015). Innovation and growth: The Schumpeterian perspective. In COEURE workshop.
- Aghion, P., & Howitt, P. (1992). A model of growth through creative destruction. Econometrica: Journal of the Econometric Society, 60(2), 323–351.
- Aghion, P., Ljungqvist, L., Howitt, P., Howitt, P. W., Brant-Collett, M., & García-Peñalosa, C. (1998). Endogenous growth theory. MIT press.
- Ahmed, M. E. (2012). Are the FDI inflow spillover effects on Malaysia’s economic growth input driven? Economic Modelling, 29(4), 1498–1504.
- Akcali, Y. B., & Sismanoglu, E. (2015). Innovation and the effect of research and development (R&D) expenditure on growth in some developing and developed countries. Procedia – Social and Behavioral Sciences, 195, 768–775.
- Alfaro, E., Yu, F., Rehman, N. U., Hysa, E., & Kabeya, P. K. (2019). The Routledge companion to innovation management.
- Alfaro, J. L., Lopez, R. V., & Nevado, D. (2011). The relationship between economic growth and intellectual capital: A study in the European Union. ActaOeconomica, 61(3), 293–312.
- Ali-Yrkkö, J. (2004). Impact of public R&D financing on Private R&D - Does financial constraint matter? Discussion Paper, No. 943
- Arellano, M., & Bond, S. (1991). Some tests of specification for panel data: Monte Carlo evidence and an application to employment equations. The Review of Economic Studies, 58(2), 277–297.
- Baumol, W. J. (2002). The free-market innovation machine: Analyzing the growth miracle of capitalism. Princeton university press.
- Becker, B. (2015). Public R&D policies and private R&D investment: A survey of the empirical evidence. Journal of Economic Surveys, 29(5), 917–942.
- Bilbao-Osorio, B., & Rodriguez-Pose, A. (2004). From R&D to innovation and economic growth in the EU. Growth and Change, 35(4), 434–455.
- Blizkovsky, P. (2013). Economic governance: What can the EU and ASEAN learn from each other after economic crisis. Journal of Southeast Asian Economies, 30(1), 1–18.
- Bloom, N., Griffith, R., & Van Reenen, J. (2002). Do R&D tax credits work? Evidence from a panel of countries 1979–1997. Journal of Public Economics, 85(1), 1–31.
- Brautzsch, H.-U., Gunther, J., & Loose, B. (2015). Can R&D subsidies counteract the economic crisis?-Macroeconomic effects in Germany. Research Policy, 44(3), 623–633.
- Brockhoff, K. K., & Alan, P. W. (1998). R&D budgeting reactions to a recession. Management International Review, 38(4), 363–376.
- Caporale, G. M., Rault, C., Sova, A. D., & Sova, R. (2015). Financial development and economic growth: Evidence from 10 new European Union members. International Journal of Finance & Economics, 20(1), 48–60.
- Chow, C. G. (1960). Tests of equality between sets of coefficients in two linear regressions. Econometrica, 28(3), 591–605.
- Coccia, M. (2010). Public and private R&D investments as complementary inputs for productivity growth. International Journal of Technology, Policy and Management, 10(1/2), 73–91.
- Coccia, M. (2011). The interaction between public and private R&D expenditure and national productivity. Prometheus, 29(2), 121–130.
- Cohen, M. W., & Levinthal, A. D. (1990). Absorptive capacity: A new perspective on learning and innovation. Administrative Science Quarterly, 35(1), 128–152.
- Czarnitzki, D., & Fier, A. (2001). Do R&D subsidies matter? Evidence for the German Services Sector, Discussion Paper No. 01-19. Center for European Economic Research, pp. 1–15.
- Czarnitzki, D., & Lopes Bento, C. (2012). Evaluation of public R&D policies: A cross-country comparison. World Review of Science, Technology and Sustainable Development, 9(2/3/4), 254–282.
- David, P. A., Hall, B. H., & Toole, A. A. (2000). Is public R&D a complement or substitute for private R&D? A review of the econometric evidence. Research Policy, 29(4–5), 497–529.
- Diamond, A. M. (1998, January). Does federal funding crowd out private funding of science? Presentation at the American Economics Association meetings, Chicago.
- Dutta, S., Lanvin, B., & Wunsch-Vincent, S. (2018). Global innovation index 2018, energizing the world with innovation (11th ed.).
- Fagerberg, J., & Srholec, M. V. (2010). Innovation and economic development. In Handbook of economics of innovation (Vol. 24, pp. 833–972).
- Falk, M. (2006). What drives business research and development (R&D) intensity across organisation for economic co-operation and development (OECD) countries? Applied Economics, 38(5), 533–547.
- Filippetti, A., & Archibugi, D. (2011). Innovation in time of crisis: National system of innovation, structure, and demand. Research Policy, 40(2), 179–192.
- Gemmell, N. (2011). Can a fiscal stimulus boost economic growth rates? Introduction. The Economic Journal, 121(550), F1–F3.
- Geroski, P. A., & Walters, C. F. (1995). Innovation activity over the business cycle. The Economic Journal, 105(431), 916–928.
- Gonzales, X., & Pazo, C. (2008). Do public subsidies stimulate private R&D spending? Research Policy, 37(3), 371–389.
- Gorg, H., & Strobl, E. (2007). The effect of R&D subsidies on private R&D. Economica, 74(294), 215–234.
- Guellec, D., & De La Potterie, B. V. P. (2003). The impact of public R&D expenditure on business R&D. Economics of Innovation and New Technology, 12(3), 225–243.
- Guellec, D., & Van Pottelsbergue De La Potterie, B. (2001). The effectiveness of public policies in R&D. Revue D’économieindustrielle, 94(1), 49–68.
- Hasan, I., & Tucci, L. C. (2010). The innovation-economic growth nexus: Global evidence. Research Policy, 39(10), 1264–1276.
- Hausman, A., & Wesley, J. J. (2014). The role of innovation in driving the economy: Lessons from the global financial crisis. Journal of Business Research, 67(1), 2720–2726.
- Holland, D., Barrell, R., & Fic, T. (2009). Economic downturn in Asia. National Institute of Economic Review, 207, 23–26.
- Holtz-Eakin, D., Newey, W., & Rosen, H. S. (1988). Estimating vector autoregressions with panel data. Econometrica, 56(6), 1371–1395.
- Hsu, P.-H., Tian, X., & Xu, Y. (2014). Financial development and innovation: Cross country evidence. Journal of Financial Economics, 112(1), 116–135.
- Huffman, E. W. (2001). Public-private research and development relationships: Discussion. American Journal of Agricultural Economics, 83(3), 754–757.
- Kijek, T., Matras-Bolibok, A., & Rycaj, E. (2016). Do public R&D expenditures foster business R&D investments? International Journal of Synergy and Research, 5, 147–154.
- Klarmann, M., & Feurer, S. (2018). Control variables in marketing research. Marking, 40(2), 26–40.
- Koga, T. (2005). R&D subsidy and self-financed R&D: The case of Japanese high technology start-ups. Small Business Economics, 24(1), 53–62.
- Lach, S. (2002). Do R&D subsidies stimulate or displace private R&D? Evidence from Israel. Journal of Industrial Economics, 50(4), 369–390.
- Levy, D. M. (1990). Estimating the impact of government R&D. Economics Letters, 32(2), 169–173.
- Levy, M. D., & Terleckyj, E. N. (1983). Effects of government R&D on private R&D investment and productivity: A macroeconomic analysis. The Bell Journal of Economics, 14(2), 551–561.
- Lichtenberg, F. R. (1987). The effect of government funding on private industrial research and development: A re-assessment. The Journal of Industrial Economics, 36(1), 97–104.
- Markatou, M., & Vetsikas, A. (2015). Innovation and crisis: An analysis of its impact on the Greek patenting activity. Social and Behavioral Sciences, 195, 123–132.
- Metcalfe, J. S. (2010). Technology and economic theory. Cambridge Journal of Economics, 34(1), 153–171.
- Miguel-Angel, G., & Mendez-Picazo, M.-T. (2013). Innovation, entrepreneurship and economic growth. Management Decision, 51(3), 501–514.
- Nelson, R. R., & Edmund, P. S. (1966). Investment in humans, technological diffusion and economic growth. The American Economic Review, 56(1/2), 69–75.
- Nooteboom, B. (1994). Innovation and diffusion in small firms: Theory and evidence. Small Business Economics, 6(5), 327–347.
- Parker, C. S. (2012). Theories of entrepreneurship innovation and the business cycle. Journal of Economic Surveys, 26(3), 377–394.
- Pessoa, A. (2007). Innovation and economic growth: What is the actual importance of R&D? Universidade Do Porto, WP No. 254.
- Petkovova, L., Cadil, J., Mirosnik, K., & Rehak, J. (2015). Statistical analysis of R&D funding in the Czech Republic. Procedia Economics and Finance, 30, 664–670.
- Pop-Silaghi, M., Jude, C., Alexa, D., & Litan, C. (2014). Do business and public sector research and development expenditure contribute to economic growth in Central and Eastern European Countries? A dynamic panel estimation. Economic Modelling, 36, 108–119.
- Rafferty, C. M. (2003). Do business influence long-run growth? The effect of aggregate demand on firms-financed R&D expenditure. Eastern Economic Journal, 29(4), 607–618.
- Rehman, U. N., & Yu, F. (2018). Do formal and informal protection methods affects firms productivity and financial performance. The Journal of World Intellectual Property, 21(5–6), 270–288.
- Robson, M. T. (1993). Federal funding and the level of private expenditure on basic research. Southern Economic Journal, 60(1), 63–71.
- Schumpeter, J. A. (1936). Business cycles: A theoretical, historical and statistical analysis of the capitalist process. NY: McGraw-Hill.
- Schumpeter, J. A. (1942). Capitalism, Socialism and Democracy. London: Routledge.
- Soto, M. (2009). System GMM estimation with small sample, Universitat Autonoma de Barcelona, Working Paper, 1-26.
- Terleckyj, N. E. (1985, February). Measuring economic effects of federal research and development expenditures, recent history with special emphasis on federal R&D performed in industry (Paper prepared for the Workshop on the Federal Role in Research and Development, National Academies of Science and Engineering, Washington DC). In Papers Commissioned for a Workshop on the Federal Role in Research and Development (pp. 151). National Academies Press.
- Thomson, R., & Jensen, P. (2013). The effects of government subsidies on business R&D employment: Evidence from OECD countries. National Tax Journal, 66(2), 281–310.
- Ulku, H. (2007). R&D, innovation, and growth, evidence from four manufacturing sectors in OECD countries. Oxford Economic Papers, New Series, 59(3), 513–535.
- Vivarelli, M. (2014). Innovation, employment and skills in advanced and developing countries: A survey of economic literature. Journal of Economic Issues, 48(1), 123–154.
- Von Tunzelmann, N., & Martin, B. (1998). Public vs. private funding of R&D and rates of growth: 1963–1995. Working Paper, Science Policy Research Unit, University of Sussex.
- Wald, K., & Woitek, U. (2004). R&D expenditure in G7 countries and the implications for endogenous fluctuations and growth. Economic Letters, 82(1), 91–97.
- Wu, Y. (2005). The effects of state R&D tax credit in stimulating private R&D expenditure: A cross state empirical analysis. Journal of Policy Analysis and Management, 24(4), 785–802.
- Wu, Y. (2010). Indigeous innovation for sustainable growth. In The next twenty years of reform and development (pp. 341–361). ANU Press.