Determinants Of R&D Investment: A Study Of OECD Countries

Authors : Majid SAMETI, Homayoun RANJBAR, Shahrzad ANOUSHEH

Pages : 35-42

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Publication Date : 2010-12-01

Article Type : Other Papers

Abstract :Since Investments in R&D have been identified as a major engine of growth by recent endogenous models, many studies have investigated the determinant R&D intensity. This paper analyzes the impact of determinant factor on the R&D investment with emphasize on openness trade by a panel data model of R&D .the result from OECD countries from 1996-2008 shows that economic growth, openness trade and R&D expenditure that funded by government have positive impact on R&D intensity while openness trade has more effect than others.
Keywords : R D Investment, Openness Trade, Panel Data