with a time lag. The results of the panel regression analysis indicate that government R&D support improved the innovation …

The paper investigates government R&D spending during the business cycle. When analyzing this expenditure, it is … 2019, we examine how government R&D expenditure varies over the business cycle. Four estimates were performed in which … coefficient for government R&D expenditure is positive, high, and remains stable. This implies that expenditure changes only …

The paper investigates government R&D spending during the business cycle. When analyzing this expenditure, it is … 2019, we examine how government R&D expenditure varies over the business cycle. Four estimates were performed in which … coefficient for government R&D expenditure is positive, high, and remains stable. This implies that expenditure changes only …