The role of research and development (R&D) expenditure and governance on economic growth in selected African countries

被引：17

作者：

Olaoye, Ibukun James ^{[1
]}

Ayinde, Opeyemi Eyitayo ^{[1
]}

Ajewole, Oluwafemi Olajide ^{[1
]}

Adebisi, Luke Oloruntoba ^{[1
,2
]}

机构：

[1] Univ Ilorin, Dept Agr Econ & Farm Management, Ilorin, Nigeria

[2] Agr & Rural Management Training Inst ARMTI, Agr Dev & Management Dept, Gen Management Div, Ilorin, Nigeria

来源：

AFRICAN JOURNAL OF SCIENCE TECHNOLOGY INNOVATION & DEVELOPMENT | 2021年 / 13卷 / 06期

关键词：

research and development (R&D) expenditure; innovation; governance; economic growth; sustainable; PRODUCTIVITY GROWTH; INNOVATION; PANEL; PROGRESS;

D O I：

10.1080/20421338.2020.1799300

中图分类号：

O [数理科学和化学]; P [天文学、地球科学]; Q [生物科学]; N [自然科学总论];

学科分类号：

07 ; 0710 ; 09 ;

摘要：

This paper provides an overview of the effect of research and development (R&D) expenditure and government effectiveness on economic growth. By focusing on R&D expenditure as a measure of innovation, government effectiveness as a measure of governance and GDP as a measure of economic growth, we examined the effect of R&D and government effectiveness on GDP in selected African countries. Four countries were chosen due to the availability of their data from 2000 to 2016. Linear regression and correlated panels corrected standard errors (PCSEs) regression models were used to analyze the data. The result showed that both R&D and governance are important factors in predicting economic growth in Africa. Therefore, only innovation through increasing R&D expenditure and good governance can sufficiently drive sustainable economic growth and development in Africa. Thus, African countries need to strengthen and build their research and development capacity while ensuring the effectiveness of their government to achieve sustainable economic growth.

引用

页码：663 / 670

页数：8

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