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Research Productivity and Economic Growth: A Policy Lesson Learnt from Across the Globe

Author

Listed:
  • Khalid Zaman

    (Department of Economics, University of Wah, Quaid Avenue, Wah Cantt, Pakistan.)

  • Haroon Ur Rashid Khan

    (School of Finance, College of Business and Public Management, Kean University, NJ, USA, Wenzhou-Kean University Campus, Wenzhou, PR China.)

  • Mehboob Ahmad

    (Department of Management Sciences, Shaheed Zulfikar Ali Bhutto Institute of Science and Technology (SZABIST), Islamabad Campus, Pakistan.)

  • Alamzeb Aamir

    (Department of Management Sciences, FATA University, F.R. Kohat, Pakistan.)

Abstract

The relationship between research productivity and economic growth is the subject of information science which deals in this study to examine the impact of number of publications, research & development (R&D) expenditures and researchers involved in R&D activities on economic growth in the World’s largest regions for the period of 1980–2011. The study further expanded the research-growth nexus in the context of top twenty nations in terms of research output for the field of science and social sciences. The results confirmed the long-run relationship between research output and economic growth; while there is bidirectional causality between real economic growth and number of publication, in United States, Italy, Spain, Australia, India, Netherlands, Brazil, Switzerland, Taiwan, and Poland. Similarly, there is two-way causal relationship between real economic growth and R&D expenditures in USA, China, UK, Japan, India, Switzerland, Taiwan, Sweden, and Turkey. Finally, there is evident of feedback hypothesis between real economic growth and researchers involved in R&D activities in the USA, UK, Japan, South Korea, and Taiwan. The direction of causality is crucial because it has significantly policy implications for economic development.

Suggested Citation

  • Khalid Zaman & Haroon Ur Rashid Khan & Mehboob Ahmad & Alamzeb Aamir, 2018. "Research Productivity and Economic Growth: A Policy Lesson Learnt from Across the Globe," Iranian Economic Review (IER), Faculty of Economics,University of Tehran.Tehran,Iran, vol. 22(3), pages 627-641, Summer.
    • Handle: RePEc:eut:journl:v:22:y:2018:i:3:p:627
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    Cited by:

    1. Omwoyo Bosire Onyancha, 2020. "A meta-analysis study of the relationship between research and economic development in selected countries in sub-Saharan Africa," Scientometrics, Springer;Akadémiai Kiadó, vol. 123(2), pages 655-675, May.

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