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Investigating The Relation Between Technology and Economic Growth with AK Model: An application Swamy?s Random Coefficient Model (RCM)

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  • Aynur Pala

    (Okan University)

Abstract

This study aims to investigate effect of technology on economic growth in thirthty-OECD countries using random coefficient model (RCM) with AK model. We applied cross-sectional dependence test, panel unit-root test and co-integration test. As a result of estimated RCM model, in Denmark, Finland, Germany, Ireland and Poland, researcher and Business enterprise expenditure on R&D (BERD) as a percentage of GDP have positive and statistically significant effect on economic growth. In Estonia, Iceland and Latvia, researcher variable has positive and statistically significant effect on economic growth. In Turkey, BERD as a percentage of GDP variable has positively impacted on economic growth.

Suggested Citation

  • Aynur Pala, 2018. "Investigating The Relation Between Technology and Economic Growth with AK Model: An application Swamy?s Random Coefficient Model (RCM)," Proceedings of International Academic Conferences 6508347, International Institute of Social and Economic Sciences.
    • Handle: RePEc:sek:iacpro:6508347
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    File URL: https://iises.net/proceedings/40th-international-academic-conference-stockholm/table-of-content/detail?cid=65&iid=047&rid=8347
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    Cited by:

    1. Xixi Liu & Yuchun Wang & Mingming Hu & Yufei Bao & Xinghua Wu & Jie Wen & Shanze Li & Di Zhang & Meng Sun, 2023. "Three Gorges Dam Operation Altered Networks of Social–Economic–Ecological System in the Yangtze River Basin, China," Sustainability, MDPI, vol. 15(5), pages 1-20, March.

    More about this item

    Keywords

    technology; economic growth; random coefficient model;
    All these keywords.

    JEL classification:

    • A19 - General Economics and Teaching - - General Economics - - - Other
    • C59 - Mathematical and Quantitative Methods - - Econometric Modeling - - - Other
    • C50 - Mathematical and Quantitative Methods - - Econometric Modeling - - - General

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