Impact of R&D expenditures on labour productivity growth
ENThe expenditures of research and development is nowadays key determinant of economic growth and produc-tivity. The aim of the paper is to assess impact of research and development expenditures on labour productivity growth. The article is focused on the EU countries and the observed data are from the period 2004-2016. The results of the analysis show that the highest expenditure of R&D (% GDP) have the old member states EU. The new member states EU have the highest growth rate of expenditures on R&D. The share of R&D expenditures is different across the EU Member States, ranging from 3.25 % of GDP to 0.44 % of GDP in 2016. The convergence (σ –convergence, β-convergence) of R&D expenditures in the EU countries has not been confirmed in period 2004 and 2017. A significant relationship was found between R&D and labour productivity only in some countries. Many factors influence this relationship as a time lag or R&D orientation.
