INTERACTION BETWEEN R&D AND ECONOMIC INDICATORS IN LITHUANIA

Abstract

Innovation in many countries around the world has long become a key engine for economic development, enabling high level of productivity and the quality of life. However, various qualitative studies on correlation between research and development (R&D) performance and economic performance in different countries carried out by E. Poole, J. T. Bernard, J. Adams, M. I. Nadiri and others show that it is difficult to carry out the monitoring and evaluation of R&D performance or innovation, as the benefits of academic activity are disaggregated and of qualitative nature and has a long cause-effect chain.
The article focuses on economic efficiency of R&D performance,- there are the principal possibilities for identifying the impact of R&D performance on main economic indicators in Lithuania using the methods of mathematical statistics determined.

DOI: http://dx.doi.org/10.5755/j01.em.17.1.2267