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
Publisher:	Dresden : Technische Universität Dresden, Fakultät Wirtschaftswissenschaften
Subject:	Forschungskosten \| Wachstumszyklus \| Neue Wachstumstheorie \| Schätzung \| G-7-Staaten \| Cyclical Properties of R&D Expenditure \| Growth Cycles

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Series:	Dresden Discussion Paper Series in Economics ; 03/03
Type of publication:	Book / Working Paper
Type of publication (narrower categories):	Working Paper
Language:	English
Other identifiers:	822170248 [GVK] hdl:10419/48118 [Handle] RePEc:zbw:tuddps:0303 [RePEc]
Classification:	C2 - Econometric Methods: Single Equation Models ; E32 - Business Fluctuations; Cycles ; O41 - One, Two, and Multisector Growth Models
Source:	EconStor

Persistent link: https://ebvufind01.dmz1.zbw.eu/10010305421