Research output and economic growth in G7 countries : new evidence from asymmetric panel causality testing
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Date
Authors
Hatemi-J, Abdulnasser
Ajmi, Ahdi Noomen
El Montasser, Ghassen
Inglesi-Lotz, Roula
Gupta, Rangan
Journal Title
Journal ISSN
Volume Title
Publisher
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.
Description
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)
Sustainable Development Goals
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.