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Causality between research output and economic growth in BRICS

Author

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  • Roula Inglesi-Lotz

    ()

  • Tsangyao Chang

    ()

  • Rangan Gupta

    ()

Abstract

This paper examines the causal relationship between the economic growth and research output of the BRICS countries (i.e., Brazil, Russia, India, China, and South Africa) for the period 1981–2011. Essentially this study looks at the human quality demonstrated by the production of knowledge (published papers) and how it gets affected and influences the economic growth of these countries. BRICS are among the fastest growing emerging economies that are grouped together in this study. Using panel causality analysis techniques, we account for cross-section dependency and heterogeneity among them. Our empirical results support no causality in any direction between research papers as a percentage share to the world and economic growth for all the BRICS, with the exception of India, for which the feedback hypothesis is confirmed. Our findings provide important policy implications for research policies and strategies for BRICS countries. Copyright Springer Science+Business Media Dordrecht 2015

Suggested Citation

  • Roula Inglesi-Lotz & Tsangyao Chang & Rangan Gupta, 2015. "Causality between research output and economic growth in BRICS," Quality & Quantity: International Journal of Methodology, Springer, vol. 49(1), pages 167-176, January.
  • Handle: RePEc:spr:qualqt:v:49:y:2015:i:1:p:167-176
    DOI: 10.1007/s11135-013-9980-8
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    References listed on IDEAS

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    1. Romer, Paul M, 1986. "Increasing Returns and Long-run Growth," Journal of Political Economy, University of Chicago Press, vol. 94(5), pages 1002-1037, October.
    2. Jorg Breitung, 2005. "A Parametric approach to the Estimation of Cointegration Vectors in Panel Data," Econometric Reviews, Taylor & Francis Journals, vol. 24(2), pages 151-173.
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    5. Hashem Pesaran, M. & Yamagata, Takashi, 2008. "Testing slope homogeneity in large panels," Journal of Econometrics, Elsevier, vol. 142(1), pages 50-93, January.
    6. Granger, Clive W. J., 2003. "Some aspects of causal relationships," Journal of Econometrics, Elsevier, vol. 112(1), pages 69-71, January.
    7. Tamura, R., 1991. "Fertility , Human Capital and the "Wealth of Nations"," Working Papers 91-17, University of Iowa, Department of Economics.
    8. M. Hashem Pesaran, 2006. "Estimation and Inference in Large Heterogeneous Panels with a Multifactor Error Structure," Econometrica, Econometric Society, vol. 74(4), pages 967-1012, July.
    9. Lucas, Robert Jr., 1988. "On the mechanics of economic development," Journal of Monetary Economics, Elsevier, vol. 22(1), pages 3-42, July.
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    Citations

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    Cited by:

    1. Yaşar Serhat Yaşgül & Burak Güriş, 2016. "Causality between research output in the field of biotechnology and economic growth in Turkey," Quality & Quantity: International Journal of Methodology, Springer, vol. 50(4), pages 1715-1726, July.
    2. Kargi, Bilal, 2014. "The Effects of BRICS and MATIK Countries on World Economy and Cointegration Analysis in the Long Term Relation with G-7 Growth Rates (1962-2012)," EconStor Open Access Articles, ZBW - German National Library of Economics, pages 262-272.
    3. KARGI, Bilal, 2014. "Structural Breakage and Long Term Cointegration Analysis for Economic Growth in G-7, BRICS and MATIK Countries (1962-2012)," MPRA Paper 57106, University Library of Munich, Germany.
    4. repec:spr:scient:v:115:y:2018:i:1:d:10.1007_s11192-017-2586-5 is not listed on IDEAS
    5. Ronald Ravinesh Kumar & Peter Josef Stauvermann & Arvind Patel, 2016. "Exploring the link between research and economic growth: an empirical study of China and USA," Quality & Quantity: International Journal of Methodology, Springer, vol. 50(3), pages 1073-1091, May.
    6. Kargi, Bilal, 2014. "Structural Breakage and Long-term Cointegration Analysis for Economic Growth in G-7, BRICS and MATIK Countries," EconStor Open Access Articles, ZBW - German National Library of Economics, pages 431-442.
    7. repec:spr:scient:v:100:y:2014:i:1:d:10.1007_s11192-014-1257-z is not listed on IDEAS
    8. Sakiru Adebola Solarin & Yuen Yee Yen, 2016. "A global analysis of the impact of research output on economic growth," Scientometrics, Springer;Akadémiai Kiadó, vol. 108(2), pages 855-874, August.

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