Measurement of R&D Multipliers: The Case of Greece

Posted: 18 Nov 2009

See all articles by Athena Belegri-Roboli

Athena Belegri-Roboli

affiliation not provided to SSRN

Panayotis Michaelides

National Technical University of Athens (NTUA)

Date Written: 2005

Abstract

In order for a company to achieve success andcontinue creating technological innovations, research and development (R&D)are crucial. Product-embodied diffusion, one type of technological progresswhich occurs when an initial innovation is represented in the industry'sproduct, is measured for Greece. The methodology of the study is discussed per the input-output approach ofmeasuring R&D.The data for this study are compiled from the NationalAccounts of Greece during the time period of 1993-1997.The findingsindicate that the backward multipliers have decreased over time, with lessR&D expenditure in 1997 as compared to 1993. Based on the findings, severalpolicy suggestions are proposed to give priority to an increased level ofR&D, including the following:stimulating R&D among high-yieldindustries or subsidizing R&D in an industry to create sustainablecompetitive advantage over other countries.(AKP)

Keywords: National Accounts of Greece, Competitive advantages, Public policies, R&D, R&D expenditures, Diffusion of innovations, Industrial research, Development policies, Innovation process, Sustainable development, Technology innovation

Suggested Citation

Belegri-Roboli, Athena and Michaelides, Panayotis, Measurement of R&D Multipliers: The Case of Greece (2005). The Journal of Technology Transfer, Vol. 30, Issue 3, p. 327-332 2005. Available at SSRN: https://ssrn.com/abstract=1508278

Athena Belegri-Roboli (Contact Author)

affiliation not provided to SSRN

No Address Available

Panayotis Michaelides

National Technical University of Athens (NTUA) ( email )

Athens
Greece

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