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: | https://eprints.ugd.edu.mk/id/eprint/1556 |
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