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Persistent link: https://www.econbiz.de/10005122259
Based on U.S. data for the 48-year-period 1953-2000, this study makes a contribution on the R&D-growth relation along five dimensions. First, we note several descriptive patterns that may be regarded as stylized facts relative to R&D outlays in the U.S. during the half-century period. These...
Persistent link: https://www.econbiz.de/10005363927
Persistent link: https://www.econbiz.de/10005364099
This study utilizes U.S. annual data from 1949 to 2006 to examine the causal relationship between energy consumption and real GDP using aggregate and sectoral primary energy consumption measures within a multivariate framework. The Toda-Yamamoto long-run causality tests reveal that the...
Persistent link: https://www.econbiz.de/10005364117
Unlike previous research on the causal relationship between government revenues and expenditures in the United Kingdom, this study estimates an asymmetric error correction model within a momentum threshold autoregressive framework over the period 1955-2009. The results indicate that government...
Persistent link: https://www.econbiz.de/10008738878
Persistent link: https://www.econbiz.de/10005503037