Regulation of financial systems and economic growth in OECD countries

2007 ◽  
Vol 2006 (2) ◽  
pp. 77-113 ◽  
Author(s):  
Alain de Serres ◽  
Torsten Sløk ◽  
Shuji Kobayakawa ◽  
Laura Vartia
Author(s):  
Alain de Serres ◽  
Shuji Kobayakawa ◽  
Torsten Mikkel Sløk ◽  
Laura Vartia

Author(s):  
Maman Ali M. Moustapha ◽  
Qian Yu

This paper analyzes the effect of research and development (R&D) expenditures on economic growth in the Organization of Economic Cooperation and Development (OECD) countries over the period 2000-2016. This study conducts an empirical analysis using a multiple regression model. The main findings confirm that an increase in research and development expenditure by 1% would generate an increase of real GDP growth rate to 2.83 %. The implication emerging from this study is that government and institutions need to increase investment in R&D expenditures to fulfill inclusive economic growth perspective.


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