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The Role of Research and Development Investment in the Economic Convergence Process of Europe (2015-2024)

Year: 2025

Type: article

Abstract: The paper investigates the relationship between research and development (R&D) investment and real economic convergence in Europe during 2015-2024. Using Eurostat data, a multiple linear regression model is estimated to explain the growth rate of GDP per capita (PPS) as a function of initial GDP levels and R&D investment. The results confirm β-convergence, indicating faster growth in economies with lower initial GDP, while the R&D coefficient is not statistically significant, suggesting a predominantly indirect and delayed impact mediated through productivity and innovation. The conclusions highlight the priority of investment in human capital, digital infrastructure, and innovation as key pillars of sustainable convergence.

Source: DOAJ (DOAJ: Directory of Open Access Journals)

Authors: MIHĂLCEANU (STAN) ECATERINA, STAN RĂZVAN-ȘTEFAN

Institution: Constantin Brâncuși University of Targu Jiu

Language: English

Topic: Economic Growth and Productivity

Subfield: Economics and Econometrics

Field: Economics, Econometrics and Finance

Domain: Social Sciences

SDGs: Decent work and economic growth, Industry, innovation and infrastructure

Open Access status: green

OpenAlex ID: W7128286531

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