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Does research output cause economic growth or vice versa? Evidence from 34 OECD countries
Author(s) -
Ntuli Hamilton,
InglesiLotz Roula,
Chang Tsangyao,
Pouris Anastassios
Publication year - 2015
Publication title -
journal of the association for information science and technology
Language(s) - English
Resource type - Journals
SCImago Journal Rank - 0.903
H-Index - 145
eISSN - 2330-1643
pISSN - 2330-1635
DOI - 10.1002/asi.23285
Subject(s) - causality (physics) , economics , panel data , politics , macroeconomics , econometrics , political science , physics , quantum mechanics , law
The causal relation between research and economic growth is of particular importance for political support of science and technology as well as for academic purposes. This article revisits the causal relationship between research articles published and economic growth in O rganisation for E conomic C o‐operation and Development ( OECD ) countries for the period 1981–2011, using bootstrap panel causality analysis, which accounts for cross‐section dependency and heterogeneity across countries. The article, by the use of the specific method and the choice of the country group, makes a contribution to the existing literature. Our empirical results support unidirectional causality running from research output (in terms of total number of articles published) to economic growth for the US , F inland, H ungary, and M exico; the opposite causality from economic growth to research articles published for C anada, F rance, I taly, N ew Z ealand, the UK , A ustria, I srael, and P oland; and no causality for the rest of the countries. Our findings provide important policy implications for research policies and strategies for OECD countries.