Investigating The Relation Between Technology and Economic Growth with AK Model: An application Swamy?s Random Coefficient Model (RCM)

Aynur Pala ()
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Aynur Pala: Okan University

No 6508347, Proceedings of International Academic Conferences from International Institute of Social and Economic Sciences

Abstract: This study aims to investigate effect of technology on economic growth in thirthty-OECD countries using random coefficient model (RCM) with AK model. We applied cross-sectional dependence test, panel unit-root test and co-integration test. As a result of estimated RCM model, in Denmark, Finland, Germany, Ireland and Poland, researcher and Business enterprise expenditure on R&D (BERD) as a percentage of GDP have positive and statistically significant effect on economic growth. In Estonia, Iceland and Latvia, researcher variable has positive and statistically significant effect on economic growth. In Turkey, BERD as a percentage of GDP variable has positively impacted on economic growth.

Keywords: technology; economic growth; random coefficient model (search for similar items in EconPapers)
JEL-codes: A19 C50 C59 (search for similar items in EconPapers)
Pages: 1 page
Date: 2018-07
New Economics Papers: this item is included in nep-gro
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Citations: View citations in EconPapers (1)

Published in Proceedings of the Proceedings of the 40th International Academic Conference, Stockholm, Jul 2018, pages 212-212

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Persistent link: https://EconPapers.repec.org/RePEc:sek:iacpro:6508347

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