Research output and economic growth in G7 countries: New evidence from asymmetric panel causality testing

Abdulnasser Hatemi-J, Ahdi N. Ajmi, Ghassen El Montasser, Roula Inglesi-Lotz, Rangan Guptae

    Research output: Contribution to journalArticlepeer-review

    32 Citations (Scopus)

    Abstract

    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.

    Original languageEnglish
    Pages (from-to)2301-2308
    Number of pages8
    JournalApplied Economics
    Volume48
    Issue number24
    DOIs
    Publication statusPublished - Jan 1 2016

    Keywords

    • Asymmetric panel causality
    • G7
    • Real GDP
    • Research output

    ASJC Scopus subject areas

    • Economics and Econometrics

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