R&D expenditure in G7 countries and implications for endogenous fluctuations and growth

Klaus Wälde and Ulrich Woitek

No 03/03, Dresden Discussion Paper Series in Economics from Technische Universität Dresden, Faculty of Business and Economics, Department of Economics

Abstract: The literature on endogenous growth cycles predicts countercyclical R&D expenditure. Aggregate R&D expenditure in G7 countries from 1973 to 1997 seems to be procyclical. Implications for future theoretical research are discussed.

Keywords: Cyclical Properties of R&D Expenditure; Growth Cycles (search for similar items in EconPapers)
JEL-codes: C2 E32 O41 (search for similar items in EconPapers)
Date: 2003
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Citations: View citations in EconPapers (6)

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Journal Article: R&D expenditure in G7 countries and the implications for endogenous fluctuations and growth (2004)
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Persistent link: https://EconPapers.repec.org/RePEc:zbw:tuddps:0303

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