Research and development expenditure and cooperation of public and private sector in r&d in the Czech Republic

Abstract

Successful transformation the Czech Republic on knowledge-based economy is conditioned by high-guality incomes, especially by efficient investments and qualified human sources. Process of creation new knowledges very strictly influences on macroeconomic productivity and stability of economy. For that reason sufficient investment for research and development (R&D) are essentials. A serious deficiency of research and development in the Czech Republic is the insufficient linkage and cooperation of the business sphere with research and educational institutions, which hampers the effective transfer of research and development results into practice and their commercialization. The aim of the paper is to analyse R&D expenditure in the Czech Republic in the last period of time , and evaluate total, public and private R&D expenditure. The goal is also to identify basic activities which can stimulate cooperation of the public and the private sector in research, development and innovation and to commercialize research and development results.