Innovation and the Effect of Research and Development (R&amp;D) Expenditure on Growth in Some Developing and Developed Countries

Akçalı, Burçay Yaşar; Şişmanoğlu, Elçin

doi:10.1016/j.sbspro.2015.06.474

Cited by 80 publications

(52 citation statements)

References 5 publications

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“…The empirical studies in this group at both micro and macro levels suggest that education and skills development provide new opportunities to developing and adopting new technology. Indeed, in the case of R&D, there seems to be a stronger consensus that it may have a persistent effect on growth; that is, higher R&D expenditure would be associated with permanently higher growth rates (Akcali and Sismanoglu 2015;Guellec and De La Potterie 2002). Therefore, human capital and research are the leading factors in raising productivity because they facilitate knowledge spillovers and the adaptation of new technologies to economic growth (Carlsson et al 2009;Chun-Chien and Chih-Hai 2008;Harris 2001).…”

Section: Theoretical and Empirical Evidencementioning

confidence: 99%

The Impact of Knowledge-Based Economy on Growth Performance: Evidence from MENA Countries

2018

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The aim of this paper is to examine the empirical relationship between the knowledge-based economy and economic growth in MENA countries. We are interested in identifying pillars linked with the transition to a knowledge-based economy that is related to growth performance. We used a growth model in Barro and Sala-i-Martin framework (1995) for the period of 2010-2015. It includes a panel data set that consisted the annual economic growth rate for selected MENA countries and, within the theoretical and empirical framework, applied the four indicators used for identifying the situation of the knowledgebased economy. The empirical results obtained using the generalized method of moments dynamic panel indicates institutions, human capital and research, infrastructure, and business sophistication to be the pillars of knowledge-based economy that influence a significant and positive economic growth in MENA countries. We suggest that governments in this region should consider the knowledge-related policies for accelerating transiting to the knowledgebased economy and improving economic performance.Keywords Convergence . Dynamic panel . Generalized method of moments . Growth performance . Knowledge-based economy . MENA region J Knowl Econ https://doi.org/10.1007/s13132-018-0522-4Highlights:• We use a dynamic GMM panel model for analysis of conditional convergence in MENA region.• We assess the effects of knowledge-based economy indices on economic performance in MENA region.• The institutional structure and human capital and research have positive effects on growth performance in MENA region.• The effect of infrastructure and business sophistication on economic growth in MENA countries.

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Section: Theoretical and Empirical Evidencementioning

confidence: 99%

The Impact of Knowledge-Based Economy on Growth Performance: Evidence from MENA Countries

2018

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“…They argued that this was because the Middle East developing countries were still at a transition stage, a stage of economic transition at which the costs of innovation to the economy are significantly higher as compared to imitation. Using panel data analysis with data ranging between 1990 and 2013, Akcali and Sismanoglu (2015) examined the influence of research and development on economic growth in selected developing and developed countries. They found out that increased research and development enhances the levels of innovation which in turn boost the levels of productivity in the economy and economic growth in general in both developed and developing countries.…”

Section: Literature Reviewmentioning

confidence: 99%

“…Economic growth was used as a dependent variable and research and development expenditure as an independent variable. GDP annual growth rate was used as a proxy for economic growth whilst research and development expenditure as a share of GDP was used as a measure of innovation consistent with similar empirical studies (Pessoa, 2007;Nicolaides, 2014;Akcali and Sismanoglu, 2015;Bayarcelik and Tasel, 2012).…”

Section: Data and Variables Descriptionmentioning

confidence: 99%

Scaling up innovation: does research and development have a role to play in economic growth? A case of Hungary

Tsaurai

2017

IJEED

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Abstract:The study investigated the impact of research and development expenditure on economic growth in Hungary using annual time series data ranging between 1996 and 2013. Abundant literature is available which shows that research and development expenditure leads to the improvement in economic growth. However, such studies in the case of Hungary are quite scant. The Johansen and Juselius' (1990) cointegration test noted that there exists a long run relationship between research and development and economic growth in Hungary. Moreover, economic growth was found to have been Granger caused by research and development expenditure in Hungary both in the short and long run, in support of the literature. The study, therefore, urges the Hungarian policy makers to craft and implement action plans that boost research and development expenditure in order to enhance economic growth in Hungary.

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“…So for this, a good R&D level is required for whole countries. The increase of the R&D level forms a basis for the innovation to move [15].…”

Section: Methodsmentioning

confidence: 99%

Business Strategies of Micro Manufacturing Enterprises in the Province of Quezon

Almase¹

2018

KSS

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This study examines the business strategies used by the micro manufacturing enterprises in the four districts of Quezon province. More so, it investigated as to what level of extent do these businessmen implemented strategies on production, marketing, human resource management, financial, and research and development.The survey method was used to gather data from 193 Micro Manufacturing Enterprises owners or managers in the entire province of Quezon. They were selected using stratified random sampling method from among the lists provided by the Department of Trade and Industry. More specifically, enterprises analyzed are in the category of Micro with employment capacity ranging from 1-199 employees.Five Null hypotheses were tested to identify the level of extents used by micro manufacturers in terms of production, marketing, human resource management, financial and research and development strategies. Data for this study was analyzed using Statistical Package for Social Sciences (SPSS), and Analysis of Variance (Annova) at.05 level of significance to test the hypotheses. The findings revealed that there are no significant effects on the adoption of strategies pertaining to production, marketing, human resource management, financial and research and development when these respondents were grouped according to age, sex, civil status, and number of trainings participated in.Clearly, the findings of this study disclosed that educational attainment is significantly important when a business has to be sustained and operated at its optimum advantage.

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Innovation and the Effect of Research and Development (R&D) Expenditure on Growth in Some Developing and Developed Countries

Cited by 80 publications

References 5 publications

The Impact of Knowledge-Based Economy on Growth Performance: Evidence from MENA Countries

The Impact of Knowledge-Based Economy on Growth Performance: Evidence from MENA Countries

Scaling up innovation: does research and development have a role to play in economic growth? A case of Hungary

Business Strategies of Micro Manufacturing Enterprises in the Province of Quezon

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