EconPapers    
Economics at your fingertips  
 

Employment, Development and Research Expenditure in European Union: analysis of causality and comparison with the United States, 1993-2003

Maria-Carmen Guisan () and Eva Aguayo

International Journal of Applied Econometrics and Quantitative Studies, 2005, vol. 2, issue 2, 21-30

Abstract: We analyse causality between real values of expenditure on Research and Development, RD, and Gross Domestic Product, Gdp, in 15 countries of European Union and the United States for 1993-2003, by means of Granger´s test and an interdependent dynamic model. The lower averages of RD expenditure per inhabitant of many European countries, in comparison with the US, play an important role to explain lower levels of real Gdp per inhabitant and lower rates of Employment. The main conclusion points to the convenience of fostering support to research in several European countries in all fields, both technological and non-technological, in order to get a higher degree of convergence to the levels of income per inhabitant and rates of employment of the USA.

Keywords: Causality; European Union; USA; Employment; Research and Development (search for similar items in EconPapers)
JEL-codes: C5 C51 O18 O52 (search for similar items in EconPapers)
Date: 2005
References: View references in EconPapers View complete reference list from CitEc
Citations: View citations in EconPapers (2) Track citations by RSS feed

Downloads: (external link)
http://www.usc.es/economet/reviews/ijaeqs223.pdf
No

Related works:
This item may be available elsewhere in EconPapers: Search for items with the same title.

Export reference: BibTeX RIS (EndNote, ProCite, RefMan) HTML/Text

Persistent link: https://EconPapers.repec.org/RePEc:eaa:ijaeqs:v:2:y2005:i:2_3

Ordering information: This journal article can be ordered from
http://www.usc.es/economet/info.htm

Access Statistics for this article

More articles in International Journal of Applied Econometrics and Quantitative Studies from Euro-American Association of Economic Development
Bibliographic data for series maintained by M. Carmen Guisan ().

 
Page updated 2019-09-05
Handle: RePEc:eaa:ijaeqs:v:2:y2005:i:2_3