%0 Journal Article
%T THE RELATIONSHIP BETWEEN GOVERNMENT AND BUSINESS R&D EXPENDITURE IN THE EUROPEAN UNION
%A NICOLAE B£¿CIL£¿
%J Anale : Seria £¿tiin£¿e Economice. Timi£¿oara
%D 2012
%I Mirton Publishing
%X The present paper aims at providing an empirical contribution to the literature on the relationship between government and business R&D expenditure in the European Union. Based on an econometric model which estimates business expenditure as a function of government support through general expenditure and, state aid, respectively, we have found a positive correlation between these variables, suggesting that in most cases there is a complementary relationship according to which government expenditure creates an additional incentive for the business activities.
%K governement expenditure
%K state aid
%K business expenditure
%K complementary relationship
%K crowding out effect
%U http://fse.tibiscus.ro/anale/Lucrari2012/kssue2012_018.pdf