How Does Innovation Affect Economic Growth? Evidence from G20 Countries-Reference-Cited by-同舟云学术

How Does Innovation Affect Economic Growth? Evidence from G20 Countries

Published:2021-12-09 Issue: Volume: Page:001946622110635
ISSN:0019-4662
Container-title:The Indian Economic Journal
language:en
Short-container-title:The Indian Economic Journal

Author:

Sarangi Ajoy K¹,Pradhan Rudra P.¹,Nath Tamal¹,Maradana Rana P.²,Roy Hiranmoy³

Affiliation:

1. Vinod Gupta School of Management, Indian Institute of Technology Kharagpur, West Bengal, India

2. IBS-Hyderabad, ICFAI Foundation for Higher Education, Hyderabad, India

3. School of Business, The University of Petroleum and Energy Studies, Uttarakhand, India

Abstract

We study the interactions between innovation and economic growth in G20 countries over 1961–2019. We establish whether there is a temporal causality between these two variables. Employing the autoregressive distributive lag framework, our results expose a grid of short-run and long-run causal relationships between innovation and growth, including long-run unidirectional causality from innovation to economic growth. Overall, our findings shed light on the real effects of innovation on economic growth. JEL Codes: O38, O31, O32

Publisher

SAGE Publications

Link

http://journals.sagepub.com/doi/pdf/10.1177/00194662211063562

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