R&D expenditure in G7 countries and implications for endogenous fluctuations and growth

The literature on endogenous growth cycles predicts countercyclical R&D expenditure. Aggregate R&D expenditure in G7 countries from 1973 to 1997 seems to be procyclical. Implications for future theoretical research are discussed.

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Year of publication:	2003
Authors:	Wälde, Klaus ; Woitek, Ulrich
Institutions:	Fakultät Wirtschaftswissenschaften, Technische Universität Dresden
Subject:	Cyclical Properties of R&D Expenditure \| Growth Cycles

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Extent:	application/pdf
Series:	Dresden Discussion Paper Series in Economics. - ISSN 0945-4829.
Type of publication:	Book / Working Paper
Language:	English
Notes:	Number 03/03
Classification:	C2 - Econometric Methods: Single Equation Models ; E32 - Business Fluctuations; Cycles ; O41 - One, Two, and Multisector Growth Models
Source:	RePEc - Research Papers in Economics

Persistent link: https://www.econbiz.de/10009226238