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R&D and Economic Growth.
- Source :
-
Knowledge, Technology & Policy . Winter2001, Vol. 13 Issue 4, p71. 14p. - Publication Year :
- 2001
-
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. [ABSTRACT FROM AUTHOR]
- Subjects :
- *ECONOMIC development
*INDUSTRIAL research
*RESOURCE allocation
Subjects
Details
- Language :
- English
- ISSN :
- 19464789
- Volume :
- 13
- Issue :
- 4
- Database :
- Academic Search Index
- Journal :
- Knowledge, Technology & Policy
- Publication Type :
- Academic Journal
- Accession number :
- 5816793
- Full Text :
- https://doi.org/10.1007/BF02693991