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ORIGINAL ARTICLE
INNOVATIVE DEVELOPMENT OF THE AGRICULTURAL SECTOR IN THE VISEGRAD GROUP COUNTRIES
1
Faculty of Economics and Business, Institute of Applied Economic Sciences, University of Debrecen, Hungary
Submission date: 2021-01-03
Acceptance date: 2021-03-09
Online publication date: 2021-03-31
Publication date: 2021-03-31
Corresponding author
Anastasiia Burdiuzha
Faculty of Economics and Business, Institute of Applied Economic Sciences, University of Debrecen, Egyetem tér, 4032, Debrecen, Hungary
Faculty of Economics and Business, Institute of Applied Economic Sciences, University of Debrecen, Egyetem tér, 4032, Debrecen, Hungary
Economic and Regional Studies 2021;14(1):1–13
KEYWORDS
TOPICS
ABSTRACT
Subject and purpose of work: Analysis of the innovative development trends of the agricultural
sector in the Visegrad Group countries in 1995–2019. Investigation of the impact of innovation on
value added to GDP by the sector and the patent activity. Materials and methods: Secondary data used in the current research were taken from Eurostat,
World Bank and European Patent Office databases. They were analyzed by applying OLS models
and Granger causality tests. Results: First, composition of R&D expenses in each Visegrad country was examined. Then its
relationship to agricultural GDP and the number of the patents granted was tested by means of
OLS models. Forecasting the relationship between variables examined was carried out by running
Granger causality tests. Conclusions: There was a constant growth in agricultural innovation activity investment from
1995 to 2019. Nevertheless, the countries examined have not yet reached the EU’s objective
concerning the R&D intensities. Innovation activity had a positive impact on the value added to
GDP by agriculture and on the number of the patents granted.
PEER REVIEW INFORMATION
Article has been screened for originality
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