Causality between research output and economic growth in BRICS

Causality between research output and economic growth in BRICS This paper examines the causal relationship between the economic growth and research output of the BRICS countries (i.e., Brazil, Russia, India, China, and South Africa) for the period 1981–2011. Essentially this study looks at the human quality demonstrated by the production of knowledge (published papers) and how it gets affected and influences the economic growth of these countries. BRICS are among the fastest growing emerging economies that are grouped together in this study. Using panel causality analysis techniques, we account for cross-section dependency and heterogeneity among them. Our empirical results support no causality in any direction between research papers as a percentage share to the world and economic growth for all the BRICS, with the exception of India, for which the feedback hypothesis is confirmed. Our findings provide important policy implications for research policies and strategies for BRICS countries. http://www.deepdyve.com/assets/images/DeepDyve-Logo-lg.png Quality & Quantity Springer Journals

Causality between research output and economic growth in BRICS

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Publisher
Springer Netherlands
Copyright
Copyright © 2013 by Springer Science+Business Media Dordrecht
Subject
Social Sciences, general; Methodology of the Social Sciences; Social Sciences, general
ISSN
0033-5177
eISSN
1573-7845
D.O.I.
10.1007/s11135-013-9980-8
Publisher site
See Article on Publisher Site

Abstract

This paper examines the causal relationship between the economic growth and research output of the BRICS countries (i.e., Brazil, Russia, India, China, and South Africa) for the period 1981–2011. Essentially this study looks at the human quality demonstrated by the production of knowledge (published papers) and how it gets affected and influences the economic growth of these countries. BRICS are among the fastest growing emerging economies that are grouped together in this study. Using panel causality analysis techniques, we account for cross-section dependency and heterogeneity among them. Our empirical results support no causality in any direction between research papers as a percentage share to the world and economic growth for all the BRICS, with the exception of India, for which the feedback hypothesis is confirmed. Our findings provide important policy implications for research policies and strategies for BRICS countries.

Journal

Quality & QuantitySpringer Journals

Published: Dec 24, 2013

References

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