 Investigating the Relation between Technology and Economic Growth with AK Model: An Application SWAMY?s Random Coefficient Model (RCM)Aynur Pala ()
International Journal of Economic Sciences, 2018, vol. 7, issue 2, 107-118 Abstract: This study aims to investigate effect of technology on economic growth and 2008 crises on this relation in thirty-OECD countries using static panel data model and random coefficient model (RCM) with AK model. We applied cross-sectional dependence test, panel unit-root test and cointegration test. As a result of static panel regression model with different OECD sub-sample for both pre and post-2008 period, there is negative significant effect of Business Enterprise Expenditure on R&D (BERD) on economic growth in OECD countries which has high R&D expenditure to GDP EU countries for the post-2008. As a result of RCM, in Denmark, France, and Germany, it was observed decreasing technology effect on economic growth after 2008 crisis. Keywords: Technology; R&D expenditure; economic growth; panel regression model; random coefficient model. (search for similar items in EconPapers) Downloads: (external link) Related works: Export reference: BibTeX RIS (EndNote, ProCite, RefMan) HTML/Text Persistent link: https://EconPapers.repec.org/RePEc:sek:jijoes:v:7:y:2018:i:2:p:107-118 Access Statistics for this article International Journal of Economic Sciences is currently edited by Robert Holman More articles in International Journal of Economic Sciences from International Institute of Social and Economic Sciences |
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