Analyzing of Correlation of Knowledge Capital of V4 Countries by Selected Factors

The knowledge capital of the country measured by total factor productivity can be accumulated either by own innovation activities or by import of foreign technologies. Import of technology can be made through the so-called technological spillover channels. The aim of this paper is to correlate the knowledge capital of Visegrad countries as measured by total factor productivity in the economy by attracting foreign direct investment and the amount of foreign spending on research and development at home. For the regression analysis we use panel data for the V4 countries between 1995 and 2009 from EUROSTAT database.