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In recent years, it has been widely accepted that research and experimental development (R human resources management in a new knowledge orientation; share of high-tech products in total exports, jointly with well-being indicators representing quality of life such as consumption level, productive activity; education and natural and living environment. The comparative assessment approach consists of comparative analysis of trends in R&D and the evolution of the quality of life indicator in two selected countries and comparison with a benchmark – the EU-27 average level, in addition to the identification of similarities and differences and their main reasons. To this end, a survey of experts in the selected countries defined the most relevant indicators for R&D and quality of life and constructed a framework for R&D performance and quality of life. The comparative assessment of Lithuania and Greece showed that Lithuania has a higher R&D financing intensity, but lower R&D resources and higher R&D financing outcomes compared to Greece. However, in both countries, the efficiency of R&D financing in terms of high technology products sharing in total exports is less than half than the EU-27 average. Subsequently, both countries should strengthen R&D financing outputs by implementing additional measures. Quality of life indicators related to R&D performance in Lithuania were higher than in Greece during the entire investigated period (2011-2020), demonstrating the need for greater R&D financing for national growth and the well-being of citizens. Finally, policy recommendations were proposed to increase the efficiency of R&D financing for Greece and Lithuania.
Štreimikienė et al. (Tue,) studied this question.