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Research & development and growth: A Bayesian model averaging analysis

The result's identifiers

  • Result code in IS VaVaI

    <a href="https://www.isvavai.cz/riv?ss=detail&h=RIV%2F67985556%3A_____%2F11%3A00364038" target="_blank" >RIV/67985556:_____/11:00364038 - isvavai.cz</a>

  • Result on the web

    <a href="http://dx.doi.org/10.1016/j.econmod.2011.08.007" target="_blank" >http://dx.doi.org/10.1016/j.econmod.2011.08.007</a>

  • DOI - Digital Object Identifier

    <a href="http://dx.doi.org/10.1016/j.econmod.2011.08.007" target="_blank" >10.1016/j.econmod.2011.08.007</a>

Alternative languages

  • Result language

    angličtina

  • Original language name

    Research & development and growth: A Bayesian model averaging analysis

  • Original language description

    We examine the effect of research and development (R&D) on long-term economic growth using the Bayesian model averaging (BMA) to deal rigorously with model uncertainty. Previous empirical studies, which applied BMA, investigated the effect of dozens of regressors on long-term growth, but they did not examine the effect of R&D due to data unavailability. We extend these studies by proposing to capture the investment in R&D by the number of Nobel prizes in science. Using our indicator, the estimates showthat R&D exerts a positive effect on long-term growth. This result is robust to many different parameter and model prior structures as well as to alternative definitions of R&D indicator.

  • Czech name

  • Czech description

Classification

  • Type

    J<sub>x</sub> - Unclassified - Peer-reviewed scientific article (Jimp, Jsc and Jost)

  • CEP classification

    AH - Economics

  • OECD FORD branch

Result continuities

  • Project

    <a href="/en/project/GA402%2F09%2F0965" target="_blank" >GA402/09/0965: New Approaches to Monitoring and Forecasting Financial Markets</a><br>

  • Continuities

    Z - Vyzkumny zamer (s odkazem do CEZ)

Others

  • Publication year

    2011

  • Confidentiality

    S - Úplné a pravdivé údaje o projektu nepodléhají ochraně podle zvláštních právních předpisů

Data specific for result type

  • Name of the periodical

    Economic Modelling

  • ISSN

    0264-9993

  • e-ISSN

  • Volume of the periodical

    28

  • Issue of the periodical within the volume

    6

  • Country of publishing house

    NL - THE KINGDOM OF THE NETHERLANDS

  • Number of pages

    5

  • Pages from-to

    2669-2673

  • UT code for WoS article

    000298070200036

  • EID of the result in the Scopus database