The Significance of Research and Development for Economic Growth: The Case of Pakistan

Jangraiz Khan and Naeem Ur Rehman Khattak

MPRA Paper from University Library of Munich, Germany

Abstract: This paper concentrates on the significance of Research and Development (R&D) for economic growth in the developing economy of Pakistan. The paper also questioned the major macro determinants of R&D in Pakistan. The study used time series data for the period 1971- 2008. The results obtained from the Ordinary Squares method showed that R&D significantly affects the Real GDP per capita in Pakistan. Health, labour force , and Physical capital are among the other determinants of Real GDP per capita. The results further show that real GDP per capita and quality of educational institutions are the significant factors which affect R&D. The Johansen Cointegration test confirmed the existence of long run relationship between R&D and economic growth. Similarly, R&D and its determinants were also found in long run relationship.It is therefore recommended to increase investment in R&D to achieve sustained economic growth. It is also recommended to collect and record quality R&D data for effective policy making in the field of science and technology, and social sectors in Pakistan.

Keywords: Research and Development; Economic Growth; Health; Labour Force; Quality of Educational Institutions (search for similar items in EconPapers)
JEL-codes: O3 O38 O39 O4 (search for similar items in EconPapers)
Date: 2014-05-21
New Economics Papers: this item is included in nep-cse and nep-gro
References: View references in EconPapers View complete reference list from CitEc
Citations: View citations in EconPapers (5)

Downloads: (external link)
https://mpra.ub.uni-muenchen.de/56005/1/MPRA_paper_56005.pdf original version (application/pdf)
https://mpra.ub.uni-muenchen.de/59805/1/MPRA_paper_59805.pdf revised version (application/pdf)
https://mpra.ub.uni-muenchen.de/60594/1/MPRA_paper_56005.pdf revised version (application/pdf)

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:pra:mprapa:56005

Access Statistics for this paper

More papers in MPRA Paper from University Library of Munich, Germany Ludwigstraße 33, D-80539 Munich, Germany. Contact information at EDIRC.
Bibliographic data for series maintained by Joachim Winter ().