[go: up one dir, main page]
IDEAS home Printed from https://ideas.repec.org/p/cfi/jseres/cj105.html
   My bibliography  Save this paper

The Contribution of Research and Development Investments by Sectors to GDP growth

Author

Listed:
  • Takashi Obinata

    (The University of Tokyo, Graduate School of Economics)

Abstract
This Paper investigates the relationship between the growth in research and development investments (R&Ds) and GDP growth, focusing on the sector of execution. By the vector error correction model (VECM), the result shows that R&Ds by business enterprises do not contribute to GDP growth in Japan. However, the growth in R&Ds by universities gives significant positive effects to both GDP growth and the growth in R&Ds of business enterprises sector. According to the U.S. data, the opposite results are observed. While R&Ds by business enterprises contribute to GDP growth, those of universities have no effects on both GDP growth and the R&Ds by business enterprises. Another Estimation by a Structural Equation Model (SEM) gives the robust results, showing that the growth in R&Ds by universities contributes to GDP growth in Japan.

Suggested Citation

  • Takashi Obinata, 2016. "The Contribution of Research and Development Investments by Sectors to GDP growth," CARF J-Series CARF-J-105, Center for Advanced Research in Finance, Faculty of Economics, The University of Tokyo.
    • Handle: RePEc:cfi:jseres:cj105
    as

    Download full text from publisher

    File URL: http://www.carf.e.u-tokyo.ac.jp/pdf/workingpaper/jseries/J105.pdf
    Download Restriction: no
    ---><---

    Citations

    Citations are extracted by the CitEc Project, subscribe to its RSS feed for this item.
    as


    Cited by:

    1. Chadi Azmeh, 2022. "Quantity and quality of research output and economic growth: empirical investigation for all research areas in the MENA countries," Scientometrics, Springer;Akadémiai Kiadó, vol. 127(11), pages 6147-6163, November.

    More about this item

    NEP fields

    This paper has been announced in the following NEP Reports:

    Statistics

    Access and download statistics

    Corrections

    All material on this site has been provided by the respective publishers and authors. You can help correct errors and omissions. When requesting a correction, please mention this item's handle: RePEc:cfi:jseres:cj105. See general information about how to correct material in RePEc.

    If you have authored this item and are not yet registered with RePEc, we encourage you to do it here. This allows to link your profile to this item. It also allows you to accept potential citations to this item that we are uncertain about.

    We have no bibliographic references for this item. You can help adding them by using this form .

    If you know of missing items citing this one, you can help us creating those links by adding the relevant references in the same way as above, for each refering item. If you are a registered author of this item, you may also want to check the "citations" tab in your RePEc Author Service profile, as there may be some citations waiting for confirmation.

    For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: the person in charge (email available below). General contact details of provider: https://edirc.repec.org/data/catokjp.html .

    Please note that corrections may take a couple of weeks to filter through the various RePEc services.

    IDEAS is a RePEc service. RePEc uses bibliographic data supplied by the respective publishers.