Technological progress and economic growth: evidence from Poland
Henryk Gurgul and
Łukasz Lach
MPRA Paper from University Library of Munich, Germany
Abstract:
In this paper the results of testing the causal interdependence between technological progress and GDP in Poland are presented. The results obtained for quarterly data from the period Q1 2000 – Q4 2009 indicate causality running from technological progress to GDP in Poland. In addition, causality from number of patents to employment and from employment to R&D outlays is found, which indicates causality from patents to R&D expenditure. The robustness of these results is also approved. The empirical findings of this paper imply some policy recommendations. Polish government and private firms should definitely increase investment in developing new technologies.
Keywords: Patents; R&D sector; economic growth; Granger causality (search for similar items in EconPapers)
JEL-codes: C32 O31 O34 O40 (search for similar items in EconPapers)
Date: 2012
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Persistent link: https://EconPapers.repec.org/RePEc:pra:mprapa:52279
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