engleski

Cluster Analysis of Research and Development Expenditure in EU

Most authors agree that innovations increase country’s competitive advantage. One of the aims of investing in research and development (R&D) is stimulation of increased innovative efficiency of the economy. European Union is encouraging its member states to invest 3% of their GDP into R&D. In this paper cluster analysis has been conducted and the results indicate that, when analysing expenditure for R&D and national competitiveness measures, Croatia is in the same cluster as Bulgaria, Greece, Hungary, Poland and Romania. Further analysis indicates that these countries are investing in research and development less than the European Union average.

Innovation, cluster, cluster analysis, research and development

nije evidentirano