Guisan, M.C.; Aguayo, E. - In: International Journal of Applied Econometrics and … 2 (2005) 2, pp. 21-30
We analyse causality between real values of expenditure on Research and Development, RD, and Gross Domestic Product, Gdp, in 15 countries of European Union and the United States for 1993-2003, by means of Granger´s test and an interdependent dynamic model. The lower averages of RD expenditure...