Research Output and Economic Growth in G7 Countries: New Evidence from Asymmetric Panel Causality Testing

Abdulnasser Hatemi-J, Ahdi Noomen Ajmi, Ghassen El Montasser, Roula Inglesi-Lotz and Rangan Gupta

No 201438, Working Papers from University of Pretoria, Department of Economics

Abstract: Researchers focus more on the relationship between research output and economic growth. The study of such a relationship is not only of theoretical interest, but it can also influence specific policies to improve the quality, and probably the quantity of research output. This paper has studied this relationship in G7 countries using the asymmetric panel causality test of Hatemi-J (2011). Our results show that only the United Kingdom shows a causal relationship from the output of research to real GDP. However, when the signs of variations are taken into account, there is an asymmetric causality running from negative research output shocks to negative real GDP shocks.

Keywords: Research Output; Real GDP; Asymmetric Panel Causality; G7 (search for similar items in EconPapers)
JEL-codes: C33 O3 O4 (search for similar items in EconPapers)
Pages: 18 pages
Date: 2014-08
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Citations: View citations in EconPapers (2)

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Journal Article: Research output and economic growth in G7 countries: new evidence from asymmetric panel causality testing (2016)
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