| bibtype |
J -
Journal Article
|
| ARLID |
0364038 |
| utime |
20240103195513.3 |
| mtime |
20110916235959.9 |
| WOS |
000298070200036 |
| DOI |
10.1016/j.econmod.2011.08.007 |
| title
(primary) (eng) |
Research & development and growth: A Bayesian model averaging analysis |
| specification |
|
| serial |
| ARLID |
cav_un_epca*0250391 |
| ISSN |
0264-9993 |
| title
|
Economic Modelling |
| volume_id |
28 |
| volume |
6 (2011) |
| page_num |
2669-2673 |
| publisher |
|
|
| keyword |
Research and development |
| keyword |
Growth |
| keyword |
Bayesian model averaging |
| author
(primary) |
| ARLID |
cav_un_auth*0274257 |
| name1 |
Horváth |
| name2 |
Roman |
| full_dept (cz) |
Ekonometrie |
| full_dept (eng) |
Department of Econometrics |
| department (cz) |
E |
| department (eng) |
E |
| institution |
UTIA-B |
| full_dept |
Department of Econometrics |
| fullinstit |
Ústav teorie informace a automatizace AV ČR, v. v. i. |
|
| source |
|
| cas_special |
| project |
| project_id |
GA402/09/0965 |
| agency |
GA ČR |
| ARLID |
cav_un_auth*0253176 |
|
| research |
CEZ:AV0Z10750506 |
| abstract
(eng) |
We examine the effect of research and development (R&D) on long-term economic growth using the Bayesian model averaging (BMA) to deal rigorously with model uncertainty. Previous empirical studies, which applied BMA, investigated the effect of dozens of regressors on long-term growth, but they did not examine the effect of R&D due to data unavailability. We extend these studies by proposing to capture the investment in R&D by the number of Nobel prizes in science. Using our indicator, the estimates show that R&D exerts a positive effect on long-term growth. This result is robust to many different parameter and model prior structures as well as to alternative definitions of R&D indicator. |
| action |
| ARLID |
cav_un_auth*0274251 |
| name |
Society for Non-linear Dynamics and Econometrics Annual Conferencen |
| place |
Washington DC |
| dates |
16.03.2011-18.03.2011 |
| country |
US |
|
| reportyear |
2012 |
| RIV |
AH |
| num_of_auth |
1 |
| permalink |
http://hdl.handle.net/11104/0199623 |
| mrcbT16-e |
ECONOMICS |
| mrcbT16-j |
0.359 |
| mrcbT16-q |
23 |
| mrcbT16-s |
0.535 |
| mrcbT16-y |
33.03 |
| mrcbT16-x |
0.91 |
| mrcbT16-4 |
Q2 |
| mrcbT16-B |
21.45 |
| mrcbT16-C |
46.573 |
| mrcbT16-D |
Q4 |
| mrcbT16-E |
Q3 |
| arlyear |
2011 |
| mrcbU34 |
000298070200036 WOS |
| mrcbU63 |
cav_un_epca*0250391 Economic Modelling 0264-9993 1873-6122 Roč. 28 č. 6 2011 2669 2673 Elsevier |
|