Economic determinants of technological progress in G7 countries: A re-examination

Bulent Guloglu; R. Baris Tekin; Ercan Saridogan

doi:10.1016/j.econlet.2012.06.012

Economic determinants of technological progress in G7 countries: A re-examination

Bulent Guloglu^*, R. Baris Tekin, Ercan Saridogan

^*Corresponding author for this work

Research output: Contribution to journal › Article › peer-review

7 Citations (Scopus)

Abstract

This study examines the relationship between technological change and a series of key macroeconomic variables in G7 countries. Basically, we find that the rate of interest has a negative impact on the pace of innovation, while investments in the R&D sector, high-technology exports, as well as net FDI inflows enhance technological change. The most surprising result of our analysis concerns the openness to trade ratio. Contrary to theoretical expectations and the findings of previous empirical studies, we were unable to find a positive or negative significant relationship between openness to trade and the rate of innovation in this study.

Original language	English
Pages (from-to)	604-608
Number of pages	5
Journal	Economics Letters
Volume	116
Issue number	3
DOIs	https://doi.org/10.1016/j.econlet.2012.06.012
Publication status	Published - Sept 2012
Externally published	Yes

Keywords

Openness to trade
Panel Poisson regression
Technological change
Triadic patent counts

UN SDGs

This output contributes to the following UN Sustainable Development Goals (SDGs)

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10.1016/j.econlet.2012.06.012

Cite this

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title = "Economic determinants of technological progress in G7 countries: A re-examination",

abstract = "This study examines the relationship between technological change and a series of key macroeconomic variables in G7 countries. Basically, we find that the rate of interest has a negative impact on the pace of innovation, while investments in the R&D sector, high-technology exports, as well as net FDI inflows enhance technological change. The most surprising result of our analysis concerns the openness to trade ratio. Contrary to theoretical expectations and the findings of previous empirical studies, we were unable to find a positive or negative significant relationship between openness to trade and the rate of innovation in this study.",

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TY - JOUR

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T2 - A re-examination

AU - Guloglu, Bulent

AU - Tekin, R. Baris

AU - Saridogan, Ercan

PY - 2012/9

Y1 - 2012/9

N2 - This study examines the relationship between technological change and a series of key macroeconomic variables in G7 countries. Basically, we find that the rate of interest has a negative impact on the pace of innovation, while investments in the R&D sector, high-technology exports, as well as net FDI inflows enhance technological change. The most surprising result of our analysis concerns the openness to trade ratio. Contrary to theoretical expectations and the findings of previous empirical studies, we were unable to find a positive or negative significant relationship between openness to trade and the rate of innovation in this study.

AB - This study examines the relationship between technological change and a series of key macroeconomic variables in G7 countries. Basically, we find that the rate of interest has a negative impact on the pace of innovation, while investments in the R&D sector, high-technology exports, as well as net FDI inflows enhance technological change. The most surprising result of our analysis concerns the openness to trade ratio. Contrary to theoretical expectations and the findings of previous empirical studies, we were unable to find a positive or negative significant relationship between openness to trade and the rate of innovation in this study.

KW - Openness to trade

KW - Panel Poisson regression

KW - Technological change

KW - Triadic patent counts

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DO - 10.1016/j.econlet.2012.06.012

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SN - 0165-1765

VL - 116

SP - 604

EP - 608

JO - Economics Letters

JF - Economics Letters

IS - 3

ER -

Economic determinants of technological progress in G7 countries: A re-examination

Abstract

Keywords

UN SDGs

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