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- Title
R&D and Economic Growth.
- Authors
Sylwester, Kevin
- Abstract
This paper examines the association between research and development (R&D) and the growth rate of output per capita at a national level. Do countries that allocate a larger share of output to R&D grow faster than otherwise similar countries? After reviewing past literature, I examine the association between R&D and economic growth in 20 OECD countries using a multivariate regression. There is not found to be a strong association between the two. But when considering only G-7 countries, there is reported to be a positive association between industry R&D expenditures and economic growth.
- Subjects
ECONOMIC development; INDUSTRIAL research; RESOURCE allocation
- Publication
Knowledge, Technology & Policy, 2001, Vol 13, Issue 4, p71
- ISSN
1946-4789
- Publication type
Article
- DOI
10.1007/BF02693991