Can government R&D expenditure promote innovation? New evidence from 37 OECD countries

Can government R&D expenditure promote innovation? New evidence from 37 OECD countries

This research employs a fixed effect model to empirically estimate panel data from 37 OECD countries spanning 2000 to 2021, revisiting the influence of government R&D expenditure on innovation within the theory of marginal diminishing effect. Results reveal a significant positive effect of gove...

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Bibliographic Details
Main Authors: Yemin Ding, Fengchun Yin, Lee Chin, Kun Zhou, Farhad Taghizadeh-Hesary, Yaning Li
Format: Article
Language:English
Published: Vilnius Gediminas Technical University 2024-10-01
Series:Technological and Economic Development of Economy
Subjects:
government R&D expenditure
innovation
OECD
bank credit
government efficiency
Online Access:https://mma.vgtu.lt/index.php/TEDE/article/view/22293
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