Nava Ramezanian Bajgiran; Mostafa Salimifar; Ali Akbar Naji Meydani; Mohammad Salimifar
Abstract
According to endogenous growth theories, knowledge, innovation and technology are the most important factors affecting economic growth. There is also the view that economic growth can in turn expand the innovation and inventions by facilitating access to the financial resources for the entrepreneurs. ...
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According to endogenous growth theories, knowledge, innovation and technology are the most important factors affecting economic growth. There is also the view that economic growth can in turn expand the innovation and inventions by facilitating access to the financial resources for the entrepreneurs. In other words, there may be a circular flow between innovation and economic growth. Despite the importance of innovation in the economy, little has been done about this subject, especially in developing countries. Hence, this study was designed to investigate the causal relationship and correlation between innovation and economic growth in selected MENA countries during 1995 to 2011, using a vector error correction model and panel data econometrics. The findings suggest that there is a one-way causal relationship from innovation to economic growth in both the short and long run; however, there is no correlation between innovation and high-tech exports with economic growth. Also, foreign direct investment, gross capital formation and GDP growth rate of the previous periods, unlike the government expenditure variable, have significant positive relationship with economic growth
Mohmood Hoshmand; Mohammad Daneshnia; Ali Sotudeh; Azam Ghezelbash
Abstract
Always economic growth is one of the most important indicates for economic development. Thus, more production is important and effective way to achieve economic development. In The other hand energy production is considered as the one of the inputs. This study, examines the causality relationship between ...
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Always economic growth is one of the most important indicates for economic development. Thus, more production is important and effective way to achieve economic development. In The other hand energy production is considered as the one of the inputs. This study, examines the causality relationship between energy consumption, economic growth and price among OPEC member countries.
This study uses annual data over the period 1978-2008 by using panel data technique.
Results Our show that a two-way Causality relationship are between the variables as energy consumption and economic growth in the long run ,while the one-way causality relationship is from economic growth to price increase. As well as two-way causality relationship are between the variables energy consumption, economic growth and prices in the short term.
