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Research output and economic growth in G7 countries: new evidence from asymmetric panel causality testing

Year: 2015

Type: article

Abstract: Recent studies have shown increasing interest on the relationship between research output and economic growth. The study of such a relationship is not only of theoretical interest, but it can also influence specific policies to improve the quality, and probably the quantity of research output. This article has studied this relationship in G7 countries using the asymmetric panel causality test of Hatemi-J (2011). Our results show that only the UK shows a causal relationship from the output of research to real GDP. However, when the signs of variations are taken into account, there is an asymmetric causality running from negative research output shocks to negative real GDP shocks.

Source: Applied Economics

DOI: 10.1080/00036846.2015.1117052

Authors: Abdulnasser Hatemi-J, Ahdi N. Ajmi, Ghassen El Montasser, Roula Inglesi-Lotz, Rangan Gupta

Institutions: United Arab Emirates University, Manouba University, University of Pretoria

Language: English

Topic: Economic Growth and Productivity

Subfield: Economics and Econometrics

Field: Economics, Econometrics and Finance

Domain: Social Sciences

SDG: Decent work and economic growth

Open Access status: green

OpenAlex ID: W175573758