Article ID | Journal | Published Year | Pages | File Type |
---|---|---|---|---|
5097895 | The Journal of Economic Asymmetries | 2007 | 21 Pages |
Abstract
The aim of this study is to estimate the effect that the knowledge-based economy objective has on economic growth, which is the ultimate objective of the EU's Lisbon Strategy (LS). In particular we are interested in identifying whether policies and investments linked with the transition to a knowledge-based economy are related to higher economic growth. To investigate the above research hypothesis, a dynamic panel data growth model is used, based on Barro & Sala-i-Martin (1995), for the 1990-2003 period. Growth empirics were estimated regarding the full sample, as well as two sub-groups consisting of high and low-income member-states. Results suggest that R&D expenditure originating from abroad affect GDP growth rates significantly and positively, as also do human capital educational characteristics and investments in Information & Communication Technology (ICT).
Related Topics
Social Sciences and Humanities
Economics, Econometrics and Finance
Economics and Econometrics
Authors
Stelios Karagiannis,