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
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Creator |
Santosa, João Filipe
Catalão-Lopes, Margarida |
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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.
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Publisher |
Archives of Business Research
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Contributor |
—
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Date |
2014-06-30
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Type |
info:eu-repo/semantics/article
info:eu-repo/semantics/publishedVersion Peer-reviewed Article |
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Format |
application/pdf
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Identifier |
http://www.scholarpublishing.org/index.php/ABR/article/view/194
10.14738/abr.23.194 |
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Source |
Archives of Business Research; Vol 2, No 3 (2014): Archives of Business Research; 1-17
2054-7404 10.14738/abr.23.2014 |
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Language |
eng
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Relation |
http://www.scholarpublishing.org/index.php/ABR/article/view/194/154
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