Science, Innovation and National Growth

Thomas Brenner ()

VfS Annual Conference 2015 (Muenster): Economic Development - Theory and Policy from Verein für Socialpolitik / German Economic Association

Abstract: This paper studies the effects of public research (publications) and innovation output (patents) on national economic growth with the help of a GMM panel regression including 114 countries. Effects on productivity growth and capital and labor inputs are distinguished. Furthermore, different time lags are examined for the various analyzed effects and two time periods as well as less and more developed countries are studied separately. The results confirm the effect of innovation output on productivity for more developed countries. Simultaneously, innovation output is found to have negative impacts on capital and labor inputs, while public research is found to have positive impacts on labor inputs.

JEL-codes: C23 O11 O31 (search for similar items in EconPapers)
Date: 2015
New Economics Papers: this item is included in nep-cis, nep-cse, nep-fdg, nep-gro, nep-ino, nep-sbm and nep-tid
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https://www.econstor.eu/bitstream/10419/112873/1/VfS_2015_pid_667.pdf (application/pdf)

Related works:
Working Paper: Science, Innovation and National Growth (2014)
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Persistent link: https://EconPapers.repec.org/RePEc:zbw:vfsc15:112873

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