Research and Innovation Expenditure: A Key to Global Competitiveness, a Fractal Validation

Authors

  • Mark S. Borres University of San Jose-Recoletos
  • Jessica M. Avenido University of San Jose-Recoletos

DOI:

https://doi.org/10.32871/rmrj1301.02.15

Keywords:

research expenditure, productivity, global competitiveness, fractal correlational analysis

Abstract

Despite the clear impact of innovation through research on the national economy, expenditures (percentage from GDP allotted to each quality researcher) for supporting scientific investigations are observed to be highly erratic. This study analyzes the impact of this erratic and irregular pattern of expenditures to research on one’s country’s productivity and global competitiveness. It is shown that the high fractal dimension in expenditures smoothens the irregularity of both productivity and global competitiveness such that the governments’ large amount of investment from GDP to research and development investments together with the alliance of the private units and high quality scientific research institutions collectively contribute to maximizing the economy’s potentials to be productive and be globally competitive.

Author Biographies

Mark S. Borres, University of San Jose-Recoletos

graduated Bachelor of Science in Mathematics–major in Pure Mathematics at the University of the Philippines, Cebu College. Since 2009, he worked for the University of San Jose- Recoletos as a faculty member of the College of Arts and Sciences and handled Mathematics subjects such as College Algebra, Advanced Algebra, Abstract Algebra, Analytical Geometry, Euclidean geometry, Trigonometry, Business Mathematics, Linear Programming, Mathematics of Investment, Discrete Structure, and Statistics across colleges.

Jessica M. Avenido, University of San Jose-Recoletos

finished her M.A. in Religious Education at Mother of Life Center, Quezon City, Philippines. Her catechetical training paved the way for her 5-year stint as staff member of the Campus Ministry. Eventually, she engaged herself in full time catechetical instruction in the tertiary level. Among her field of interests are education, religion, curriculum development and values education. Currently, she is an assistant professor in the Center for Religious Education of the University of San Jose-Recoletos, Cebu City, Philippines and handles the formation program of a core group of the children of the Overseas Filipino Workers (OFW).

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Published

2013-12-31

How to Cite

Borres, M. S., & Avenido, J. M. (2013). Research and Innovation Expenditure: A Key to Global Competitiveness, a Fractal Validation. Recoletos Multidisciplinary Research Journal, 1(2). https://doi.org/10.32871/rmrj1301.02.15

Issue

Vol. 1 No. 2 (2013)

Section

Articles

License

Copyright of the Journal belongs to the University of San Jose-Recoletos

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