Government and business funding of sources of funds for R&D at universities: complements or substitutes?

Huňady, Ján, 1985- Government and business funding of sources of funds for R&D at universities: complements or substitutes? / Ján Huňady, Peter Pisár ... [et al.]. -- The paper examines the relationship between different sources of funding for research and developmentat universities. Following the European Commission methodology, we distinguished between government,business and abroad financing of research and development (R&D) in the higher education sector. The paperaims to test short-run and long-run relationships between different funding sources. We are focused on therelationship between government and business funding of R&D at universities. Based on panel data for EUcountries, we applied the Granger causality tests and General methods of moments to examine short-runcausality and cointegrating regression to search for potential long-run relationships. Our results suggest thatgovernment funding of R&D act as a complement to business funding. Hence, rising government financialsupport for research in higher education can, lead to higher funding from the business sector. Founding fromabroad seems to have a similar effect on business funding in the long run.

In South East European Journal of Economics and Business. -- Sarajevo : Univerzitet u Sarajevu, 2023. -- ISSN 1840-118X. -- ISSN 2233-1999. -- ISSN 2303-887X. -- Vol. 18, no. 2 (2023), pp. 97-111

1. výskum a vývoj 2. financovanie 3. vyššie vzdelanie 4. univerzity 5. Európa 6. články

I. Pisár, Peter, 1975-
II. Jošić, Hrvoje
III. Žmuk, Berislav
IV. Pejić Bach, Mirjana
V. South East European Journal of Economics and Business. -- Vol. 18, no. 2 (2023), pp. 97-111
BB301