Technology in Society | VOL. 62

Endogenous dynamics between R&D, ICT and economic growth: Empirical evidence from the OECD countries

Publication Date Aug 1, 2020


Abstract Intensification of research and development (R&D) and the information and communication technology (ICT) infrastructure have been regarded as important drivers for sustained economic growth across the globe. In this study, using a panel vector autoregressive model, we examine the endogenous relationships between R&D, ICT infrastructure development and economic growth in the OECD countries between 1961 and 2018. The empirical results show that both R&D and ICT infrastructure development contribute to long-term economic growth in the OECD countries. The short-run dynamics show that complex inter-relationships between these variables exist. The key insight from this study is that to attain sustained economic growth, policymakers in the OECD economies should put in place an integrated framework that takes into consideration co-development policies pertaining to R&D investment, ICT diffusion and economic growth-enhancing initiatives.

Powered ByUnsilo

Information And Communication Technology
Information And Communication Technology Infrastructure Development
Information And Communication Technology Diffusion
OECD Countries
Panel Vector Autoregressive Model
Economic Growth
Sustained Economic Growth
OECD Economies
Endogenous Dynamics
Drivers For Economic Growth

Introducing Weekly Round-ups!Beta

Powered by R DiscoveryR Discovery

Round-ups are the summaries of handpicked papers around trending topics published every week. These would enable you to scan through a collection of papers and decide if the paper is relevant to you before actually investing time into reading it.

Climate change Research Articles published between May 09, 2022 to May 15, 2022

R DiscoveryMay 16, 2022
R DiscoveryArticles Included:  2

Introduction: Climate change is a pervasive threat to global biodiversity and is expected to have profound effects on the resilience and abundance of ...

Read More

Coronavirus Pandemic

You can also read COVID related content on R COVID-19

R ProductsCOVID-19


Creating the world’s largest AI-driven & human-curated collection of research, news, expert recommendations and educational resources on COVID-19

COVID-19 Dashboard