Public R and D expenditure and private R and D expenditure: A causality analysis

Seung Hoon Yoo

doi:10.1080/1350485042000236575

Public R and D expenditure and private R and D expenditure: A causality analysis

Seung Hoon Yoo

Dept. of Future Energy Convergence

Research output: Contribution to journal › Article › peer-review

7 Scopus citations

Abstract

This paper examines the long-run and short-run causality issues between public R and D expenditure and private R and D expenditure in Korea by using the cointegration and error-correction models. The overall results show that there exists bidirectional causality between public R and D expenditure and private R and D expenditure. This means that increasing public R and D expenditure has a direct effect on private R and D expenditure and vice versa.

Original language	English
Pages (from-to)	711-714
Number of pages	4
Journal	Applied Economics Letters
Volume	11
Issue number	11
DOIs	https://doi.org/10.1080/1350485042000236575
State	Published - 15 Sep 2004

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10.1080/1350485042000236575

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abstract = "This paper examines the long-run and short-run causality issues between public R and D expenditure and private R and D expenditure in Korea by using the cointegration and error-correction models. The overall results show that there exists bidirectional causality between public R and D expenditure and private R and D expenditure. This means that increasing public R and D expenditure has a direct effect on private R and D expenditure and vice versa.",

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AB - This paper examines the long-run and short-run causality issues between public R and D expenditure and private R and D expenditure in Korea by using the cointegration and error-correction models. The overall results show that there exists bidirectional causality between public R and D expenditure and private R and D expenditure. This means that increasing public R and D expenditure has a direct effect on private R and D expenditure and vice versa.

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Public R and D expenditure and private R and D expenditure: A causality analysis

Abstract

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