Effects of R&D and innovation on income in EU countries: new generation panel cointegration and causality analysis

Ismet Gocer, Sedat Alatas and Osman Peker
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Sedat Alatas: Adnan Menderes University, Turkey
Osman Peker: Adnan Menderes University, Turkey

Theoretical and Applied Economics, 2016, vol. XXIII, issue 4(609), Winter, 153-164

Abstract: The purpose of this study is to examine the effects of research-development expenditures and innovation on income using new generation panel data analysis for 11 EU countries. We found that that if research-development expenditures and innovation goes up by 1%, income, on average, raises by 0.19% and 4.05%, respectively.

Keywords: R&D; Innovation; Panel Cointegration; Panel Causality. (search for similar items in EconPapers)
Date: 2016
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Citations: View citations in EconPapers (5)

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Persistent link: https://EconPapers.repec.org/RePEc:agr:journl:v:xxiii:y:2016:i:4(609):p:153-164

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