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Technological progress and economic growth: evidence from Poland

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  • Gurgul, Henryk
  • Lach, Łukasz

Abstract

In this paper the results of testing the causal interdependence between technological progress and GDP in Poland are presented. The results obtained for quarterly data from the period Q1 2000 – Q4 2009 indicate causality running from technological progress to GDP in Poland. In addition, causality from number of patents to employment and from employment to R&D outlays is found, which indicates causality from patents to R&D expenditure. The robustness of these results is also approved. The empirical findings of this paper imply some policy recommendations. Polish government and private firms should definitely increase investment in developing new technologies.

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Bibliographic Info

Paper provided by University Library of Munich, Germany in its series MPRA Paper with number 52279.

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Date of creation: 2012
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Handle: RePEc:pra:mprapa:52279

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Keywords: Patents; R&D sector; economic growth; Granger causality;

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References

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  1. Gurgul, Henryk & Lach, Łukasz, 2010. "The causal link between Polish stock market and key macroeconomic aggregates," MPRA Paper 52250, University Library of Munich, Germany.
  2. Toda, Hiro Y. & Yamamoto, Taku, 1995. "Statistical inference in vector autoregressions with possibly integrated processes," Journal of Econometrics, Elsevier, vol. 66(1-2), pages 225-250.
  3. Bernstein, Jeffrey I & Nadiri, M Ishaq, 1988. "Interindustry R&D Spillovers, Rates of Return, and Production in High-Tech Industries," American Economic Review, American Economic Association, vol. 78(2), pages 429-34, May.
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  8. Griliches, Zvi & Regev, Haim, 1995. "Firm productivity in Israeli industry 1979-1988," Journal of Econometrics, Elsevier, vol. 65(1), pages 175-203, January.
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  20. repec:fth:harver:1473 is not listed on IDEAS
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