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A Causal Analysis of the R&D Interactions between the EU and the US Author info | Abstract | Publisher info | Download info | Related research | Statistics Erdal Atukeren (ETH Zurich - KOF Swiss Economic Institute)
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This paper examines the relationships between the aggregate R&D activities of the EU and the US using multivariate Granger-causality tests. Our estimation results indicate that the EU reacts positively to increases in R&D productivity in the US. On the other hand, R&D activity in the EU is a direct Granger-cause of both R&D and labour productivity in the US, and the effects are negative. It was shown in the literature that the US reacts submissively to successful Japanese R&D. We extend the literature by demonstrating that the US also reacts submissively to increased R&D effort in the EU.
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Article provided by International Trade and Finance Association in its journal Global Economy Journal .
Volume (Year): 7 (2007)
Issue (Month): 4 ()
Pages: 1
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Handle: RePEc:bep:glecon:7:2007:4:1Note: oai:bepress.com:gej-1301Contact details of provider: Web page: http://www.bepress.com/gej
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Keywords: R&D races productivity spillovers Granger-causality EU's Lisbon targets References listed on IDEAS Please report citation or reference errors to , or , if you are the registered author of the cited work, log in to your RePEc Author Service profile , click on "citations" and make appropriate adjustments.:
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Other versions:
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