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Does R&D Matter for Economic Growth or Vice-Versa? An application to Portugal and other European Countries

Archives of Business Research

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Title Does R&D Matter for Economic Growth or Vice-Versa? An application to Portugal and other European Countries
 
Creator Santosa, João Filipe
Catalão-Lopes, Margarida
 
Description Significant research has studied the impact of Research and Development (R&D) on Gross Domestic Product (GDP) at the country level.  However, few studies consider the possibility that a country’s GDP can also be a driver for R&D. This paper investigates the causal relationship linking R&D and growth in a sample of European Union (EU) countries, with an emphasis on Portugal. A causal relationship from growth to R&D can only be proven for France and Spain, whereas the inverse causality only seems to exist for The Netherlands. The co-integration results question the existence of a long-run relationship between R&D and GDP.Keywords: R&D, Economic growth, Co-integration, Granger causality,  European countries, Portugal.
 
Publisher Archives of Business Research
 
Contributor
 
Date 2014-06-30
 
Type info:eu-repo/semantics/article
info:eu-repo/semantics/publishedVersion
Peer-reviewed Article
 
Format application/pdf
 
Identifier http://www.scholarpublishing.org/index.php/ABR/article/view/194
10.14738/abr.23.194
 
Source Archives of Business Research; Vol 2, No 3 (2014): Archives of Business Research; 1-17
2054-7404
10.14738/abr.23.2014
 
Language eng
 
Relation http://www.scholarpublishing.org/index.php/ABR/article/view/194/154