The Cointegration Relationship between Patent, Domestic Investment and Economic Growth in United States of America

Abdelhafidh Othmani, Nadia Ben Yedder and Sayef Bakari

MPRA Paper from University Library of Munich, Germany

Abstract: This empirical paper searched the three way-linkage between patent, domestic investment, and economic growth in the case of USA during the period 1980 – 2020. By using cointegration analysis and VECM Model, we found that there is no causal relationship between the three variables in the long run. However, we found that domestic investment and economic growth cause patent in the short run. which explains why patents are not a source of economic growth and domestic investment in America and that there are other determinants that have stimulated American economic activity.

Keywords: Cointegration; Patent; Domestic Investment; Economic Growth; United States of America. (search for similar items in EconPapers)
JEL-codes: D23 E22 G31 H54 I28 O16 O31 O32 O47 O51 (search for similar items in EconPapers)
Date: 2023
New Economics Papers: this item is included in nep-gro and nep-ipr
References: View references in EconPapers View complete reference list from CitEc
Citations: View citations in EconPapers (4)

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Persistent link: https://EconPapers.repec.org/RePEc:pra:mprapa:118245

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