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Title:R&D expenditure in G7 countries and implications for endogenous fluctuations and growth PDF Logo
Authors:Wälde, Klaus
Woitek, Ulrich
Issue Date:2003
Series/Report no.:Dresden discussion paper in economics 03/03
Abstract:The literature on endogenous growth cycles predicts countercyclical R&D expenditure. Aggregate R&D expenditure in G7 countries from 1973 to 1997 seems to be procyclical. Implications for future theoretical research are discussed.
Subjects:Cyclical Properties of R&D Expenditure
Growth Cycles
JEL:C2
E32
O41
Document Type:Working Paper
Appears in Collections:Dresden Discussion Paper Series in Economics, Faculty of Business and Economics, TU Dresden

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