Research output and economic productivity: a Granger causality test
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Abstract
The correlation between GDP and research publications is an important issue in scientometrics. This article provides further empirical evidence connecting revealed comparative advantage in national research with effects on economic productivity. Using quantitative time series analysis, this study attempts to determine the nature of causal relationships between research output and economic productivity. One empirical result is that there is mutual causality between research and economic growth in Asia, whereas in Western countries the causality is much less clear. The results may be of use to underdeveloped nations deciding how to direct their academic investment and industry policy.
Keywords
Research output Economic productivity Time series analysis Granger causalityNotes
Acknowledgments
We thank the help from Mr. Chu-Tzu-Liang. We also gratefully acknowledge financial support from the National Science Council in Taiwan (NSC 99-2410-H-301-003-).
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