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Measurement of R&D Multipliers: The Case of Greece

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Abstract.

The present paper applies empirically the methodology of backward and forward R & D multipliers for the case of Greece, which, despite its high growth rates in output (G.D.P.), ranks last among European Union (E.U) countries in R&D expenditure. The backward R&D multipliers measure the total amount of R&D expenditure embodied in one unit of an industry’s final demand. On the other hand, forward multipliers reflect the percentage of an industry’s R&D expenditures that is embodied in the final output categories. The results show that the Greek economy experiences a decrease in backward R&D multipliers over the time period 1993–1997, and some policy implications are discussed, regarding the country’s priority to increase R&D diffusion and stimulate R&D financing.

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Correspondence to Athena Belegri-Roboli.

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Belegri-Roboli, A., Michaelides, P.G. Measurement of R&D Multipliers: The Case of Greece. J Technol Transfer 30, 327–332 (2005). https://doi.org/10.1007/s10961-005-0934-8

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