The Impact Of Research And Development On Economic Growth In Arab Countries

2018 ◽  
pp. 51
Author(s):  
Khaled A. Elbagory
Keyword(s):  
Economic Growth ◽  
Research And Development ◽  
Arab Countries ◽  
The Impact

INTELLECTUAL PROPERTY PROTECTION, ENTREPRENEURSHIP, AND ECONOMIC GROWTH

1996 ◽  
Vol 04 (03) ◽  
pp. 267-285
Author(s):  
FRANCIS W. RUSHING ◽  
MARK A. THOMPSON
Keyword(s):  
Economic Growth ◽  
Intellectual Property ◽  
Research And Development ◽  
Technological Change ◽  
New Technologies ◽  
Intellectual Property Protection ◽  
Economic Literature ◽  
The Third ◽  
The Impact

This paper brings together the importance of intellectual property protection (IPP) and entrepreneurship in economic growth. The paper surveys the economic literature on what factors are important to growth. The focus is on recent models of endogenous growth which reflect on the role of investment, technological change and education. Secondly, publications, which measure the impact of IPP on some of the growth elements identified are reviewed. The third section deals with IPP and the entrepreneur as an important agent and facilitator of growth. It discusses the nature of IPP as an incentive in not only stimulating the development of new technologies and processes but also the dissemination of existing technologies. Using the surveys as background, short case studies for India and Brazil are presented on IPP as a stimulus and application of research and development. The last section summarizes the previous sections and draws some conclusions with respect to policy.

scholarly journals THE IMPACT OF INNOVATION ON ECONOMIC GROWTH: THE SPILLOVER EFFECT OF FOREIGN DIRECT INVESTMENT

2020 ◽  
Vol 8 (2) ◽  
pp. 708-714
Author(s):  
Nguyen Tran Thai Ha ◽  
Sobar M. Johari ◽  
Trinh Thi Huyen Thuong ◽  
Nguyen Thi Minh Phuong ◽  
Le Thi Hong Anh
Keyword(s):  
Economic Growth ◽  
Foreign Direct Investment ◽  
Research And Development ◽  
Direct Investment ◽  
Positive Impact ◽  
Spillover Effect ◽  
Empirical Method ◽  
Convincing Evidence ◽  
Positive Contribution ◽  
The Impact

Purpose of the study: Innovation is seen as the key to improving quality and productivity, thereby promoting competition and economic growth. This study analyzes the impact of innovation on economic growth through various measures, such as research and development spending, the number of researchers, number of patents as well as trademark registrations. Research results are evidence to recommend policies for intellectual-based economic growth. Methodology: Literature review and empirical analysis conducted in the study. The empirical method is a two-step System Generalize Methods of Moments (GMM), aiming at reliable results. Accessing the World Bank Database, research data from 64 developed and developing countries are collected from 2006 to 2014. Main Findings: The empirical findings show that innovation plays a crucial contribution in promoting economic growth, similar to national openness and government spending on education. This study also finds a positive impact on foreign investment flows and their spillover role in enhancing the correlation between innovation and economic growth. Applications of this study: The findings of this study focus on the contributions of innovation, foreign direct investment inflows, and other macro factors that can be enforced to improve economic growth by policymakers. Novelty/Originality of this study: The study uses different measures of innovation, including inputs such as the number of researchers, research and development expenditure, and outputs as the number of patents and number of trademark registrations. Empirical findings are found consistently, thus confirming that innovation is very important for economic growth. The study also shows convincing evidence confirming the positive contribution of foreign direct investment as well as its spillover effect on innovation and economic growth.

scholarly journals The Impact of Migrant Remittances on Economic Growth in Arab Countries

2019 ◽  
Vol 5 (2) ◽  
pp. 188
Author(s):  
Habib Ouni ◽  
Hela Miniaoui
Keyword(s):  
Economic Growth ◽  
Potential Role ◽  
Dynamic Panel Data ◽  
Arab Countries ◽  
Consumption Expenditure ◽  
Gulf Region ◽  
Dynamic Panel ◽  
Migrant Remittances ◽  
Using Data ◽  
The Impact

<p><em>The potential role that workers’ remittances are likely to play in promoting economic growth, especially in Arab countries, is currently attracting considerable attention. </em><em>These remittances have an impact on the remitting economies as well. </em><em>The Gulf region is considered one of the top sending countries of migrant remittances. In this study, empirical analysis is carried out with panel techniques using data over the last three decades for six Arab countries. Our results show that migrant remittances have a positive and significant impact on economic growth. This relationship is also significant when we use dynamic panel data. An indirect effect of remittances on economic growth is pointed out especially via the investment and the household final consumption expenditure channels. </em></p><p><em>Policymakers in Arab countries should take appropriate policy actions to increase the outflow of workers. Developed capital markets, as well as a sound macroeconomic policy environment, would provide incentives for sustainable remittances transfers.</em></p>

Are human capital, intellectual property rights, and research and development expenditures really important for total factor productivity? An empirical analysis

2019 ◽  
Vol 46 (6) ◽  
pp. 756-774 ◽  
Author(s):  
Misbah Habib ◽  
Jawad Abbas ◽  
Rahat Noman
Keyword(s):  
Economic Growth ◽  
Human Capital ◽  
Intellectual Property ◽  
Property Rights ◽  
Research And Development ◽  
Total Factor Productivity ◽  
Intellectual Property Rights ◽  
Factor Productivity ◽  
Content Type ◽  
The Impact

Purpose The purpose of this paper is to investigate the impact of human capital (HC), intellectual property rights (IPRs) and research and development (R&D) expenditures on total factor productivity (TFP), which leads to economic growth. Design/methodology/approach The panel data technique is used on a sample of 16 countries categorized into two groups, namely Brazil, Russia, India and China (BRIC) and Central and Eastern European (CEE) countries and, in order to make a comparison for the time period of 2007–2015, the researchers used a fixed effect model as an estimation method for regression. Findings The results indicate that HC, IPRs and R&D expenditures appear to be statistically significant and are strong factors in determining changes in TFP and exhibit positive results in all sample sets. Moreover, IPRs alone do not accelerate growth in an economy, especially taking the case of emerging nations. Originality/value Considering the importance of CEE and BRIC countries, and inadequate research on these regions with respect to current study’s variables and techniques, the present research provides valuable insights about the importance of HC, IPR and R&D activities and their impact on TFP, which leads to economic growth. IPRs create a fertile environment for R&D activities, knowledge creation and economic development. Distinct nations can attain better economic status via HC, R&D activities, innovation, trade and FDI, although the relative significance of these channels is likely to differ across countries depending on their developmental levels.

scholarly journals Assessing the Impact of the Oil Price Shocks on Economic Growth in Oil-Exporting Arab Countries

2022 ◽  
Vol 19 ◽  
pp. 462-473
Author(s):  
Mayis G. Gülaliyev ◽  
Rahima N. Nuraliyeva ◽  
Ruhiyya A. Huseynova ◽  
Firudin E. Hatamov ◽  
Alikhanli S. Yegana ◽  
...  
Keyword(s):  
Economic Growth ◽  
Price Change ◽  
Practical Importance ◽  
Oil Prices ◽  
Political Stability ◽  
Arab Countries ◽  
Oil Price ◽  
Oil Price Shocks ◽  
Price Shocks ◽  
The Impact

The role of oil and gas in the modern economy is undeniable. That is why oil-exported countries have a good chance to wealth. But if the economy doesn't have diversification or there is no political stability this revenue cannot become welfare for the long run. As well as the changing of oil prices doe in the world market can impact the revenues of oil-exported countries. The purpose of the research – to assess the impact of the oil price shocks on economic growth in oil-exporting Arab countries. As a methodology, there were chosen VAR models and Granger causality tests. The practical importance of the research is to predict economic growth in other oil-exporting countries. The authors came to the conclusion that oil-price change has positive impacts on GDP growth in oil-rich Arab countries and there is the strong dependency from oil prices. The originality and scientific novelty of the research connected with this argue that oil revenues have impacts on economic growth only in economic and political stability.

Analyzing the reality of foreign direct investment and measuring its impact on economic growth for the period (2000-2017)Algeria as a model

2021 ◽  
Vol 11 (1) ◽  
pp. 165-175
Author(s):  
Bakir Hameed Jasoum ◽  
Noaman Mundher Younus ◽  
Fouad Farhan Hussein
Keyword(s):  
Economic Growth ◽  
Foreign Direct Investment ◽  
Direct Investment ◽  
Capital Investment ◽  
Arab Countries ◽  
Advanced Technology ◽  
Investment Environment ◽  
Bilateral Agreements ◽  
The Impact

Foreign direct investment is of paramount importance at the international level, especially in developing countries, as many studies have shown its effective impact and its essential role in the medium and long term in advancing economic growth by stimulating GDP rates, providing employment opportunities, providing expertise and advanced technology. What prompted most Arab countries, including Algeria, to exert efforts in order to provide an appropriate investment environment to attract direct investment through a set of economic reforms, guarantees and facilities, and their conclusion of multiple bilateral agreements to encourage and protect the foreign investor.The research aims to know the extent of the impact of foreign direct investment on economic growth in Algeria for the period (2000-2017) by using standard analysis tools to identify the nature of the relationship between foreign direct investment and economic growth.The research also found that the gross domestic product has a positive relationship with foreign direct investment, that is, when foreign direct investment increases by one unit, this will inevitably lead to an increase in economic growth by (6.43). The research also recommends the necessity of adopting economic structural reform policies in line with the reality The Algerian economy, and working to develop and develop the financial markets through their size and tools, with an emphasis on the issue of legislation and laws that guarantee the regulation of capital investment flows.

scholarly journals The Role of Expenditure on Research and Development (R&D) in Promoting Economic Growth and Competitiveness

2021 ◽  
Vol 29 (1) ◽  
pp. 68-75
Author(s):  
Sandra Jekabsone ◽  
◽  
Ilze Sproģe ◽  
Solvita Kristone
Keyword(s):  
Economic Growth ◽  
Research And Development ◽  
Science Research ◽  
Public And Private ◽  
Structural Funds ◽  
Research And Innovation ◽  
Programming Period ◽  
The Impact ◽  
D Investment

Development of science and research is fundamental for economic growth, as well as the competitiveness of a country. Taking into account the potential decrease of EU funds financing and the limited amount of Latvian national financing, it is necessary to ensure that the efficiency of the use of financing is maintained and raised further. The aim of the study is to evaluate the impact of the EU funds funding activities of 2007–2013 and 2014–2020 on science, research and innovation support activities of Latvian research institutions, as well as the sustainability of the results obtained within the support activities, taking into account the measures planned to support research, development and innovation during the programming period of EU funds 2021–2027. The results of the research show that expenditure in research and development (R&D) in Latvia is small and dependent on European Structural Funds (currently R&D investments are mainly attracted by EU funds), which is not a sustainable solution for R&D development, considering that this financing and its availability are periodic and in the future. This requires consistent long-term public and private (business) R&D investment.

Knowledge Governance and Economic Growth in Arab Countries

2014 ◽  
pp. 364-393 ◽  
Author(s):  
Antonio Rodriguez Andrès
Keyword(s):  
Economic Growth ◽  
Arab Countries ◽  
Policy Implications ◽  
Medium Term ◽  
African Countries ◽  
Governance Indicators ◽  
The Status ◽  
Knowledge Economies ◽  
Knowledge Governance ◽  
The Impact

The present chapter deals with three interdependent components related to knowledge governance. The first one examines the effect of knowledge governance on medium term growth. Using the software industry as benchmark, the authors’ findings suggest that poor knowledge governance reduces economic growth over the medium term, but the relationship is non-linear. The second one analyzes the impact of formal institutions on economic knowledge and its related variables. In particular, the role of various governance indicators is examined. The results show that institutional quality plays an important role in the relative performance of MENA and African countries in building up the knowledge economy. The last aspect analyzed in this chapter is to establish the status of Arab economies in terms of their transformation to knowledge economies and empirically examine the impact of knowledge and its related variables on economic performance. Policy implications are also discussed.

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