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Mapping the Relationship of Research and Development Expenditures and Economic Growth through Bibliometric Analysis: A Theoretical Perspective

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Abstract

The association between R&D expenditures and economic growth has long been investigated in the economics literature due to its explicit importance for economic and social development of an economy. This study aims to develop theoretical direction in this area of research through extended approach in bibliometric analysis of existing scientific knowledge and to identify the future prospects for authors. The analysis was carried out by using a typology of information dissemination, the geographical distribution of documents, social networking of authors, and the thematic area of publications identifying the trends and contributions on the basis of available data. The findings of productivity analysis, citation burst, keywords, and contents analysis using R studio and VOSviewer indicated that the connection between R&D expenditures and economic growth is strong and getting stronger among developed economies by counting contemporary factors like innovation and modernization. The results highlighted the need of literature considering R&D and growth models for solving novel issues of developing parts of the world.

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Data associated with this manuscript is readily available and can be provided on a reasonable request.

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  1. Department of Economics, Faculty of Accountancy and Management (FAM), Universiti Tunku Abdul Rahman, Bandar Sungai Long, 43000, Kajang, Malaysia

    Muhammad Khalid Shahid, Aye Aye Khin & Lim Chee Seong

  2. Institute of Business Administration, University of the Punjab, Lahore, Pakistan

    Muhammad Khalid Shahid

  3. Department of International Trade and Finance, School of Management and Economics, Beijing Institute of Technology, Beijing, China

    Muhammad Shahbaz

  4. Center for Sustainable Energy and Economic Development, Gulf University for Science and Technology, Hawally, Kuwait

    Muhammad Shahbaz

  5. Department of Economics and Finance, Sunway Business School, Sunway University, Petaling Jaya, Malaysia

    Fiaz Ahmad

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It is testified that all the authors have taken active part and contributed for this manuscript titled “Mapping the Relationship of Research & Development Expenditures and Economic Growth through Bibliometric Analysis: A Theoretical Perspective” for publication in your journal. M.K.S.: draft of the manuscript, analysis in MS Excel, and formatting. A.A.K.: supervision of the manuscript. L.C.S.: supervision of formatting. M.S.: review and proof reading of the manuscript. F.A.: data analysis using R studio and VOSviewer. With submission of this manuscript, I would like to undertake that all the authors played their role mentioned above and the manuscript does neither under consideration/submitted in any journal other than yours nor funded by any agency/institute.

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Shahid, M.K., Khin, A.A., Seong, L.C. et al. Mapping the Relationship of Research and Development Expenditures and Economic Growth through Bibliometric Analysis: A Theoretical Perspective. J Knowl Econ (2024). https://doi.org/10.1007/s13132-024-01781-8

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