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

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Authors

Hatemi-J, Abdulnasser
Ajmi, Ahdi Noomen
El Montasser, Ghassen
Inglesi-Lotz, Roula
Gupta, Rangan

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Routledge

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 paper has studied this relationship in G7 countries using the asymmetric panel causality test of Hatemi-J (2011). Our results show that only the United Kingdom 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.

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Keywords

Research output, Real GDP, Asymmetric panel causality, G7 countries, Gross domestic product (GDP), Canada, France, Germany, Italy, Japan, the United Kingdom, and the United States (G7)

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Citation

Abdulnasser Hatemi-J, Ahdi N. Ajmi, Ghassen El Montasser, Roula Inglesi- Lotz & Rangan Gupta (2016) Research output and economic growth in G7 countries: new evidence from asymmetric panel causality testing, Applied Economics, 48:24, 2301-2308, DOI: 10.1080/00036846.2015.1117052.