THE ROLE OF R&D EXPENDITURES IN ECONOMIC GROWTH RATE; A CROSS-COUNTRY STUDY
Research and Development expenditures in process of development and progress of economies are very important. Therefore this paper tries to determine effect of R&D expenditures on economic growth rate in the set of different countries of the world. This study has estimated the causal relation be...
| Main Authors: | , |
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| Format: | Article |
| Language: | fas |
| Published: |
Allameh Tabataba'i University Press
2001-03-01
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| Series: | فصلنامه پژوهشهای اقتصادی ایران |
| Online Access: | https://ijer.atu.ac.ir/article_3809_de5c1f1b569417475014c46599f9e8b0.pdf |
| Summary: | Research and Development expenditures in process of development and progress of economies are very important. Therefore this paper tries to determine effect of R&D expenditures on economic growth rate in the set of different countries of the world. This study has estimated the causal relation between GNP growth rate, and R&D expenditures, fiscal investment, and growth rate of labor force of countries during 1991-95. By using the World Bank data, we have estimated our model for groups of high income and lower income countries. We found that the R&D activities have significant and great effect on GNP growth rate in all countries, especially in developing countries. |
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| ISSN: | 1726-0728 2476-6445 |