Open AccessTesting for Panel Granger Causality Relationship between international R&D cooperation and Economic Growth
Author(s) -
Tareki Sadraou,
Tarek Ben Al
Publication year - 2013
Publication title -
international journal of management and information technology
Language(s) - English
Resource type - Journals
ISSN - 2278-5612
DOI - 10.24297/ijmit.v7i3.3103
Subject(s) - granger causality , causality (physics) , economics , econometrics , sample (material) , test (biology) , biology , physics , quantum mechanics , paleontology , chemistry , chromatography
In this paper we investigate the causal relationship between R&D cooperation and economic growth. We use an innovative econometric method which is based on a panel test of the Granger non causality hypothesis. We implement various tests with a sample of 32 industrial and developing countries over the 1970-2012 periods. The results provide support for a robust causality relationship from economic growth to the R&D cooperation. On the contrary, the non causality hypothesis from R&D cooperation to economic growth can't be rejected in most of the cases. However, these results only imply that, if such a relationship exists, it can't be easily identified in a simply bi-variate Granger causality test.