THE EFFECT OF HUMAN CAPITAL, R&D AND PATENTS ON ECONOMIC GROWTH. EVIDENCE FROM HETEROGENEOUS CROSS-COUNTRY DATA

被引：0

作者：

Saman, Corina ^{[1
]}

机构：

[1] Inst Econ Forecasting, Casa Acad,Calea 13,Septembrie 13, Bucharest, Romania

来源：

TRANSFORMATIONS IN BUSINESS & ECONOMICS | 2022年 / 21卷 / 03期

关键词：

growth; human capital; innovation; PUBLIC-EDUCATION EXPENDITURES; REGRESSION; INNOVATION; INFERENCE; PANELS; BIAS;

D O I：

暂无

中图分类号：

F [经济];

学科分类号：

02 ;

摘要：

The present study investigates the short-run dynamics among human capital, R&D and innovation and per capita income growth in the panel of EU countries for the period 2000-2017. One of the reasons that previous literature on cross-country found inconclusive or contrary results could be omitted variables, unobserved heterogeneity, and cross-sectional dependence that are not controlled for. This paper control for these problems using panel models that assume a common factor structure. The heterogeneous-effects dynamic model estimates of the elasticities of average years of schooling, R&D expenditures, and the number of patents are significantly positive at 0.39, 0.23, and 0.009, respectively.

引用

页码：306 / 318

页数：13

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