Innovation Driven Economic Growth: Evidence for G7 Countries

DOI

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.

Copyright

© 2019, the Authors. Published by Atlantis Press.

Open Access

This is an open access article distributed under the CC BY-NC license (http://creativecommons.org/licenses/by-nc/4.0/).

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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  - 10.2991/smtesm-19.2019.7
ID  - Zhylinska2019/09
ER  -