TY - JOUR
T1 - Research output and economic growth in G7 countries
T2 - New evidence from asymmetric panel causality testing
AU - Hatemi-J, Abdulnasser
AU - Ajmi, Ahdi N.
AU - El Montasser, Ghassen
AU - Inglesi-Lotz, Roula
AU - Guptae, Rangan
N1 - Publisher Copyright:
© 2015 Taylor & Francis.
PY - 2016/1/1
Y1 - 2016/1/1
N2 - 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.
AB - 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.
KW - Asymmetric panel causality
KW - G7
KW - Real GDP
KW - Research output
UR - http://www.scopus.com/inward/record.url?scp=84948126950&partnerID=8YFLogxK
UR - http://www.scopus.com/inward/citedby.url?scp=84948126950&partnerID=8YFLogxK
U2 - 10.1080/00036846.2015.1117052
DO - 10.1080/00036846.2015.1117052
M3 - Article
AN - SCOPUS:84948126950
SN - 0003-6846
VL - 48
SP - 2301
EP - 2308
JO - Applied Economics
JF - Applied Economics
IS - 24
ER -