 Economic growth and R&D expenditures in selected OECD countries: Is there any convergence?Deepika Chawla African Journal of Science, Technology, Innovation and Development, 2020, vol. 12, issue 1, 13-25 Abstract: The economic growth of nations is strongly associated with rising R&D expenditures. The present study therefore endeavours to examine the stylized patterns of evolution of R&D expenditures (R&D expenditures as a share of GDP) along the development course in 18 OECD countries for the period 1981–2012. Empirical findings of feasible generalized least square model highlight that as economic growth proceeds, R&D as a share of GDP also shows a rise in OECD nations. The study also analyzes the long-term growth trends and structure of research and development (R&D) expenditures in OECD nations for the period 1981–2012. Further, the study analyzes another important issue, namely whether OECD economies are converging/diverging in their R&D activities over the course of time. To this end, σ-convergence has been applied to examine this issue. Findings of σ-convergence highlight declining coefficient of variation (convergence) in R&D intensities as well as R&D expenditure in OECD countries for 1981–2012. Date: 2020 Downloads: (external link) Related works: Export reference: BibTeX RIS (EndNote, ProCite, RefMan) HTML/Text Persistent link: https://EconPapers.repec.org/RePEc:taf:rajsxx:v:12:y:2020:i:1:p:13-25 Ordering information: This journal article can be ordered from DOI: 10.1080/20421338.2019.1608694 Access Statistics for this article African Journal of Science, Technology, Innovation and Development is currently edited by None More articles in African Journal of Science, Technology, Innovation and Development from Taylor & Francis Journals |
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