Proceedings of the 6th International Conference on Strategies, Models and Technologies of Economic Systems Management (SMTESM 2019)

Innovation Driven Economic Growth: Evidence for G7 Countries

Authors
Oksana Zhylinska, Olena Bazhenova
Corresponding Author
Olena Bazhenova
Available Online September 2019.
DOI
https://doi.org/10.2991/smtesm-19.2019.7How to use a DOI?
Keywords
sustained economic growth, economic growth models, innovation driven economic growth, panel data model
Abstract
The paper is devoted to the examining the influence of economic growth factor that determines the success in innovations production and to some extent reflects the level of human capital of the country - researchers in R&D (per million people) - on the cross-country income differences among G7 economies based on the economic and mathematical models construction. It was constructed panel data model to estimate the effect of number of researchers engaged in R&D sector on GDP per capita in G7 countries. According to model results, number of researchers in R&D sector affect GDP per capita of G7 economies with lag of 6 years.
Open Access
This is an open access article distributed under the CC BY-NC license.

Download article (PDF)

Cite this article

TY  - CONF
AU  - Oksana Zhylinska
AU  - Olena Bazhenova
PY  - 2019/09
DA  - 2019/09
TI  - Innovation Driven Economic Growth: Evidence for G7 Countries
BT  - Proceedings of the 6th International Conference on Strategies, Models and Technologies of Economic Systems Management (SMTESM 2019)
PB  - Atlantis Press
SP  - 29
EP  - 32
SN  - 2352-5428
UR  - https://doi.org/10.2991/smtesm-19.2019.7
DO  - https://doi.org/10.2991/smtesm-19.2019.7
ID  - Zhylinska2019/09
ER  -