Human capital and innovation: evidence from panel cointegration tests

Vladimir Teles () and Renato Joiozo

Applied Economics Letters, 2011, vol. 18, issue 17, 1629-1632

Abstract: Panel cointegration techniques applied to pooled data for 27 countries for the period 1960 to 2000 indicate that (1) government spending in education and innovation indicators is cointegrated; (2) education hierarchy is relevant when explaining innovation; and (3) relationship between education and innovation can be obtained after an accommodation of a level structural break.

Keywords: human capital; innovation; panel cointegration (search for similar items in EconPapers)
Date: 2011
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DOI: 10.1080/13504851.2011.556584

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