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Following the basic hypothesis of the a new approach in the analysis of the economic development, the principal reason for the actual gap in the per capita income between developed and developing countries (former European colonies) is the original wealth concentration. In this paper we tested a...
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The assessment on the relevance of public spending on economic growth has deserved an important attention in the economic literature. However its empirical approach by testing the effects by an aggregate production function may mislead the results since the composition of public expenditure,...
Persistent link: https://www.econbiz.de/10008560241
This article argues that a developed productive structure is characterized by its complexity in inter - industrial relationships, which can be measured by the size of connections between sectors as well as by the economic distance that separates them. To evaluate this, the notion of "average...
Persistent link: https://www.econbiz.de/10014636557
Taking a sample of 24 OECD countries, using a cointegrated panel, empirical evidence is provided at group and individual level of the positive effect of spending on research, development and innovation on economic growth during the 2000-2019 period. Assuming that patents act as a proxy for...
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