The role of R&D in economic growth in Arab countries. (4th August 2020)

• Record Type: Journal Article
• Authors: Shahateet, Mohammed Issa
• Is Part Of: International journal of computational economics and econometrics. Volume 10:Number 4(2020)
• Page Start: 345
• Page End: 365
• Publication Date: 2020-08-04
• Subjects: research and development -- R&D -- economic growth -- auto regressive distributed lag -- ARDL model -- panel data -- Arab countries; Econometrics -- Periodicals; Economics -- Data processing -- Periodicals; 330.01519505
• Languages: English
• ISSNs: 1757-1170

Abstract

This paper explores the impact of research and development (R&D) activities on economic growth in 12 Arab countries of the Middle East. We have conducted different pre-estimation tests to justify model selection, including cross-sectional dependence, stationarity, causality, and cointegration. We perform post-estimation diagnostics to test for both long-run and short-run relationship by applying a panel auto regressive distributed lag (ARDL) model using data for the period 1996-2016. Long-run analysis confirms that R&D activities positively affect economic growth while in the short-run this relationship is not significant.