Title:
The Impact of Research and Development Expenditure on Economic Growth

dc.contributor.author Mandel, Andrew
dc.contributor.author Darcy, John
dc.contributor.corporatename Georgia Institute of Technology. School of Economics en_US
dc.date.accessioned 2019-11-22T15:32:57Z
dc.date.available 2019-11-22T15:32:57Z
dc.date.issued 2019-11
dc.description.abstract Expenditure on research and development often signifies that a country is committed to making advancements in the fields of science and technology. This study attempts to reveal the relationship between economic growth (as measured by GDP per capita) and gross domestic expenditure on research and development as a percentage of gross domestic product (GERD). Other explanatory variables including the unemployment rate, GINI index, education expenditure as a percentage of GDP, labor productivity (as measured by GDP per hour worked), gross savings, and foreign direct investment inflow are also analyzed and utilized to determine this relationship. A time lag of 3 years between each country’s GERD (measured in 2012) and corresponding GDP per capita (measured in 2015) is used to allow time for the expenditure to be transformed into new developments that can impact GDP per capita. A positive correlation between GERD and GDP per capita is hypothesized and supported by the linear regression models developed in this study. en_US
dc.identifier.uri http://hdl.handle.net/1853/62054
dc.publisher Georgia Institute of Technology en_US
dc.subject Econometric analysis en_US
dc.subject Research and development en_US
dc.subject Gini coefficient en_US
dc.title The Impact of Research and Development Expenditure on Economic Growth en_US
dc.type Text
dc.type.genre Undergraduate Research Paper
dspace.entity.type Publication
local.contributor.corporatename School of Economics
local.contributor.corporatename Ivan Allen College of Liberal Arts
local.relation.ispartofseries Economics: Econometric Analysis
relation.isOrgUnitOfPublication 15802d30-e8cc-4b9a-86ef-2a59ac816e4b
relation.isOrgUnitOfPublication b1049ff1-5166-442c-9e14-ad804b064e38
relation.isSeriesOfPublication a1e053fe-46aa-43fe-9e97-b4d0f80e8676
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