Tvrdon, Michal; Verner, Tomas - In: Amfiteatru Economic Journal 24 (2022) Special Issue No. 16, pp. 989-1000
The paper investigates government R&D spending during the business cycle. When analyzing this expenditure, it is important to mention two opposing aspects: on the one hand, government spending on R&D can be seen as a stimulus measure for the government to mitigate the effects of the recession on...