Please use this identifier to cite or link to this item: https://hdl.handle.net/10419/213791 
Year of Publication: 
2018
Citation: 
[Journal:] Atlantic Review of Economics (ARoEc) [ISSN:] 2174-3835 [Volume:] 1 [Issue:] 2 [Publisher:] Colegio de Economistas de A Coruña [Place:] A Coruña [Year:] 2018
Publisher: 
Colegio de Economistas de A Coruña, A Coruña
Abstract: 
Higher education is considered as an engine for development and growth in the knowledge society, because of its benefits to boost research, knowledge and technological innovation. This paper examines the relation between innovation, higher education and economic growth during the 1996-2014 period in the case of developed and developing countries. The cointegration relationship between series was examined by using panel cointegration test developed by Pedroni (1999, 2004) and Kao (1999). As a result of the empirical analysis, cointegration relationship between the series was determined. The results provide also evidence of a positive effect of innovation in tertiary education on economic growth.
Subjects: 
Economic growth
Higher education
Innovation
R&D
Panel cointegration
DOLS
JEL: 
O31
I23
O40
C23
Document Type: 
Article

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