Pričinsko - posledična vrska pomeđu patent rastot i rast od BDP so kvartalni podatoci vo G7 zemjite: kointegracija, APDL i korekcija na grešni modeli

Josheski, Dushko and Koteski, Cane (2011) Pričinsko - posledična vrska pomeđu patent rastot i rast od BDP so kvartalni podatoci vo G7 zemjite: kointegracija, APDL i korekcija na grešni modeli. Economic Growith e Journal, 3 (103). p. 20.

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Abstract

This empirical study investigates the dynamic link between patent growth and GDP growth in G7 economies. ARDL model showed that there exist positive relationship in long run between quarterly growth of patents and quarterly GDP growth. The error correction term suggests that 20,6 percent of the adjustment back to long run equilibrium of industrial production in G7 countries is corrected by 20,6% a year, following a shock like the one in 1974 , which in our study is controlled by a dummy variable D74. In the short run however at one or two lags there exist negative relationship between quarterly patents growth and quarterly growth of GDP. Johansen’s procedure for cointegration showed that long run multipliers are positive between the patent growth and GDP growth in G7 economies. Granger causality test showed that patent growth Granger cause GDP growth in G7 countries. Unrestricted VAR showed that there exists positive relationship between patent growth and GDP growth at two or three lags.

Item Type: Article
Subjects: Social Sciences > Economics and business
Social Sciences > Social and economic geography
Divisions: Faculty of Tourism and Business Logistics
Depositing User: Cane Koteski
Date Deposited: 22 Nov 2012 08:07
Last Modified: 25 Dec 2012 11:27
URI: http://eprints.ugd.edu.mk/id/eprint/1556

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