Research Output and Economic Growth in 34 OECD countries: A Bootstrap Panel Causality Exercise
Roula Inglesi-Lotz (),
Tsangyao Chang () and
Anastassios Pouris ()
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Hamilton Ntuli: Department of Economics, University of Pretoria, South Africa
Anastassios Pouris: Institute for Technological Innovation, University of Pretoria
No 201355, Working Papers from University of Pretoria, Department of Economics
This paper revisits the causal relationship between research papers published and economic growth in OECD countries for the period 1981-2011, using bootstrap panel causality analysis, which accounts for cross-section dependency and heterogeneity across countries. Our empirical results support unidirectional causality running from research output (in terms of total number of papers published) to economic growth for the US, Finland, Hungary, and Mexico; the opposite causality from economic growth to research papers published for Canada, France, Italy, New Zealand, UK, Austria, Israel, and Poland; and no causality for the rest of the countries. Our findings provide important policy implications for research policies and strategies for OECD countries.
Keywords: Research output; economic growth; OECD countries; dependency and heterogeneity; panel causality test (search for similar items in EconPapers)
Pages: 21 pages
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Persistent link: https://EconPapers.repec.org/RePEc:pre:wpaper:201355
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