A Causal Analysis of the R&D Interactions between the EU and the US
Global Economy Journal, 2007, vol. 7, issue 4, 1-29
This paper examines the relationships between the aggregate R&D activities of the EU and the US using multivariate Granger-causality tests. Our estimation results indicate that the EU reacts positively to increases in R&D productivity in the US. On the other hand, R&D activity in the EU is a direct Granger-cause of both R&D and labour productivity in the US, and the effects are negative. It was shown in the literature that the US reacts submissively to successful Japanese R&D. We extend the literature by demonstrating that the US also reacts submissively to increased R&D effort in the EU.
References: View complete reference list from CitEc
Citations: View citations in EconPapers (7) Track citations by RSS feed
Downloads: (external link)
For access to full text, subscription to the journal or payment for the individual article is required.
This item may be available elsewhere in EconPapers: Search for items with the same title.
Export reference: BibTeX
RIS (EndNote, ProCite, RefMan)
Persistent link: https://EconPapers.repec.org/RePEc:bpj:glecon:v:7:y:2007:i:4:n:1
Ordering information: This journal article can be ordered from
Access Statistics for this article
Global Economy Journal is currently edited by Jannett Highfill
More articles in Global Economy Journal from De Gruyter
Bibliographic data for series maintained by Peter Golla ().