Theoretical and Applied Economics (Dec 2016)
Effects of R&D and innovation on income in EU countries: new generation panel cointegration and causality analysis
Abstract
The purpose of this study is to examine the effects of research-development expenditures and innovation on income using new generation panel data analysis for 11 EU countries. We found that that if research-development expenditures and innovation goes up by 1%, income, on average, raises by 0.19% and 4.05%, respectively.
