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Innovation and economic growth in European Economic Area countries: The Granger causality approach

By: Maradana, Rana Pratap.
Contributor(s): [et.al.].
Material type: materialTypeLabelBookDescription: 268-282 p.Subject(s): Innovation | Per capita economic growth | Granger causality | Granger causality | EEA countries In: RAVI aNSHUMAN V. IIMB Management ReviewSummary: The paper examines the long-run relationship between innovation and economic growth in the European Economic Area (EEA) countries for the period 1989–2014. Using vector auto-regressive model for testing the Granger causalities, the study finds the presence of both unidirectional and bidirectional causality between innovation and economic growth. These results vary from country to country, depending upon the types of innovation indicators that are used in the empirical investigation process. The policy implication of this study is that economic policies should recognise the differences in innovation and economic growth in order to maintain sustainable development in EEA countries.
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Item type Current location Call number Vol info Status Notes Date due Barcode Item holds
Journal Article Journal Article Main Library
Vol 31, Issue 3/ 55511085JA5 (Browse shelf) Available 55511085JA5
Journals and Periodicals Journals and Periodicals Main Library
On Display
JRNL/GEN/Vol 31, Issue 3/55511085 (Browse shelf) Vol 31, Issue 3 (30/01/2019) Not for loan September, 2019 55511085
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The paper examines the long-run relationship between innovation and economic growth in the European Economic Area (EEA) countries for the period 1989–2014. Using vector auto-regressive model for testing the Granger causalities, the study finds the presence of both unidirectional and bidirectional causality between innovation and economic growth. These results vary from country to country, depending upon the types of innovation indicators that are used in the empirical investigation process. The policy implication of this study is that economic policies should recognise the differences in innovation and economic growth in order to maintain sustainable development in EEA countries.

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