Interplays among R&D spending, patent and income growth: new empirical evidence from the panel of countries and groups
Ramesh Chandra Das ()
Additional contact information
Ramesh Chandra Das: Vidyasagar University
Journal of Innovation and Entrepreneurship, 2020, vol. 9, issue 1, 1-22
Abstract Industrial houses and governments of different countries and groups spend a sizeable amount of their earnings upon research and development activities to create new products and obtain patents for them. The short-run motive is to get patents, and the long-run motive is to influence income growth of the countries. The empirical findings so far are skeptical on the effects of research and development (R&D) spending. The present study further investigates the long-run associations and short-run dynamics among R&D spending, number of patents and per capita income growth in the panel of countries and groups for the period 1996–2017. Using VAR model for the panel data, the study observes that R&D spending, number of patents and per capita income growth have no long-run equilibrium relations but in the short-run, income growth and number of patents make a cause to R&D spending. However, there are weak causation from patents and R&D spending to income growth rates. The study thus recommends for controlling unfair competition on spending on R&D head and getting patents since it increases the magnitudes of social cost.
Keywords: R&D share; Patents; Per capita income growth; VAR; Panel unit roots; Panel cointegration; Panel causality; O3; O4; E24; F2; O5; C32; C510 (search for similar items in EconPapers)
References: View references in EconPapers View complete reference list from CitEc
Citations: Track citations by RSS feed
Downloads: (external link)
http://link.springer.com/10.1186/s13731-020-00130-8 Abstract (text/html)
Access to the full text of the articles in this series is restricted.
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:spr:joiaen:v:9:y:2020:i:1:d:10.1186_s13731-020-00130-8
Ordering information: This journal article can be ordered from
https://innovation-e ... ip.springeropen.com/
Access Statistics for this article
Journal of Innovation and Entrepreneurship is currently edited by Elias G. Carayannis
More articles in Journal of Innovation and Entrepreneurship from Springer
Bibliographic data for series maintained by Sonal Shukla () and Springer Nature Abstracting and Indexing ().