THE CAUSAL NEXUS BETWEEN TECHNOLOGICAL DEVELOPMENT AND ECONOMIC GROWTH: AN EVIDENCE FROM G7 COUNTRIES

被引：0
|
作者：
Topcu, Ebru [1 ]
Yesiltas, Pakize [2 ]
机构：
[1] Nevsehir Haci Bektas Veli Univ, Iktisadi & Idari Bilimler Fak, Iktisat Bolumu, Nevsehir, Turkey
[2] Nevsehir Haci Bektas Veli Univ, Sosyal Bilimler Enst, Iktisat, Nevsehir, Turkey
来源：
JOURNAL OF MEHMET AKIF ERSOY UNIVERSITY ECONOMICS AND ADMINISTRATIVE SCIENCES FACULTY | 2021年 / 8卷 / 02期
关键词：
Technological Development; Panel Causality; Economic Growth; G7; Countries; FINANCIAL DEVELOPMENT; INNOVATION;
D O I：
10.30798/makuiibf.860862
中图分类号：
F [经济];
学科分类号：
02 ;
摘要：
The aim of this study is to examine the causal relationship between technological development and economic growth in G7 countries over the period of 1996-2018 using panel causality method. Technological development is measured by R&D expenditures and patent applications. Emirmahmutoglu ve Kose (2011) panel causality test results show that the causal relationship between technological development and economic growth differs by technology proxy. When the technological development is measured by R&D expenditures, the results provide support of a bi-directional causality. When the technological development is measured by patent applications, on the other hand, a uni-directional causality from economic growth to technological development is detected.
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页码：1008 / 1019
页数：12
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