The role of R&D in economic growth in Arab countries
by Mohammed Issa Shahateet
International Journal of Computational Economics and Econometrics (IJCEE), Vol. 10, No. 4, 2020

Abstract: This paper explores the impact of research and development (R&D) activities on economic growth in 12 Arab countries of the Middle East. We have conducted different pre-estimation tests to justify model selection, including cross-sectional dependence, stationarity, causality, and cointegration. We perform post-estimation diagnostics to test for both long-run and short-run relationship by applying a panel auto regressive distributed lag (ARDL) model using data for the period 1996-2016. Long-run analysis confirms that R&D activities positively affect economic growth while in the short-run this relationship is not significant.

Online publication date: Thu, 29-Oct-2020

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