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Scaling up innovation: does research and development have a role to play in economic growth? A case of Hungary

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  • Kunofiwa Tsaurai

Abstract

The study investigated the impact of research and development expenditure on economic growth in Hungary using annual time series data ranging between 1996 and 2013. Abundant literature is available which shows that research and development expenditure leads to the improvement in economic growth. However, such studies in the case of Hungary are quite scant. The Johansen and Juselius' (1990) cointegration test noted that there exists a long run relationship between research and development and economic growth in Hungary. Moreover, economic growth was found to have been Granger caused by research and development expenditure in Hungary both in the short and long run, in support of the literature. The study, therefore, urges the Hungarian policy makers to craft and implement action plans that boost research and development expenditure in order to enhance economic growth in Hungary.

Suggested Citation

  • Kunofiwa Tsaurai, 2017. "Scaling up innovation: does research and development have a role to play in economic growth? A case of Hungary," International Journal of Education Economics and Development, Inderscience Enterprises Ltd, vol. 8(1), pages 65-77.
    • Handle: RePEc:ids:ijeded:v:8:y:2017:i:1:p:65-77
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    Citations

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    Cited by:

    1. Mehmet Balcilar & Ojonugwa Usman & George N. Ike, 2023. "Investing green for sustainable development without ditching economic growth," Sustainable Development, John Wiley & Sons, Ltd., vol. 31(2), pages 728-743, April.
    2. Chen, Ming & Chen, Junying, 2023. "Natural resources extraction in emerging economies: Does it promote sustainable development or crowd-out real sector?," Resources Policy, Elsevier, vol. 83(C).
    3. Zafar, Muhammad Wasif & Shahbaz, Muhammad & Hou, Fujun & Sinha, Avik, 2018. "¬¬¬¬¬¬From Nonrenewable to Renewable Energy and Its Impact on Economic Growth: Silver Line of Research & Development Expenditures in APEC Countries," MPRA Paper 90611, University Library of Munich, Germany, revised 10 Dec 2018.

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