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Research Productivity and Economic Growth: A Policy Lesson Learnt from Across the Globe | ||
| Iranian Economic Review | ||
| مقاله 1، دوره 22، شماره 3، آذر 2018، صفحه 627-641 اصل مقاله (480.59 K) | ||
| نویسندگان | ||
| Khalid Zaman* 1؛ Haroon Ur Rashid Khan2؛ Mehboob Ahmad3؛ Alamzeb Aamir3 | ||
| 1Department of Economics, University of Wah, Quaid Avenue, Wah Cantt, Pakistan | ||
| 2School of Finance, College of Business and Public Management, Kean University, NJ, USA, Wenzhou-Kean University Campus, Wenzhou, PR China | ||
| 3Department of Management Sciences, FATA University, F.R. Kohat, Pakistan | ||
| چکیده | ||
| The relationship between research productivity and economic growth is the subject of information science which deals in this study to examine the impact of number of publications, research & development (R&D) expenditures and researchers involved in R&D activities on economic growth in the World’s largest regions for the period of 1980–2011. The study further expanded the research-growth nexus in the context of top twenty nations in terms of research output for the field of science and social sciences. The results confirmed the long-run relationship between research output and economic growth; while there is bidirectional causality between real economic growth and number of publication, in United States, Italy, Spain, Australia, India, Netherlands, Brazil, Switzerland, Taiwan, and Poland. Similarly, there is two-way causal relationship between real economic growth and R&D expenditures in USA, China, UK, Japan, India, Switzerland, Taiwan, Sweden, and Turkey. Finally, there is evident of feedback hypothesis between real economic growth and researchers involved in R&D activities in the USA, UK, Japan, South Korea, and Taiwan. The direction of causality is crucial because it has significantly policy implications for economic development. | ||
| کلیدواژهها | ||
| Keywords: Research Output؛ economic growth؛ Time Series Analysis؛ Granger Causality؛ World’s Region. JEL Classification: I23؛ O30 | ||
| مراجع | ||
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