Difference between revisions of "Project Results"
From Monica Ioana Pop Silaghi website
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The methodology that we apply is Granger causality for individual analyses for Romania and other emergent countries as Bulgaria, Czech, Estonia, Latvia, Lithuania, Hungary, Poland, Slovak and Slovenia, during 1998-2008. For the whole panel, we employ dynamic panel estimation ( GMM estimator) which is robust in the presence of endogenous covariates, allowing for individual fixed effects, heteroskedasticity and autocorrelation. Interesting results are obtained for private R&D business as an enhancing factor of economic growth. Based on these results, some policy implications are drawn, in accordance with EU 2020 Strategy of intellingent economic growth.
