The Relationship Between Scientific Production and Economic Growth Through R&D Investment: A Bibliometric Approach
1,2,3★★ Corresponding author
- 1CENTRUM Católica Graduate Business School (CCGBS), Lima, PERU.
- 2Pontificia Universidad Católica del Perú (PUCP), Lima, PERU.
- 3Jr. Daniel Alomía Robles, 125, Urbanización Los Álamos de Monterrico, Santiago de Surco, 15023, Lima, PERU.
CORRESPONDENCE
Pablo José Arana-Barbier
CENTRUM Católica Graduate Business School (CCGBS), Lima, PERU.
Received: 20-04-2023; Revised: 27-07-2023; Accepted: 07-09-2023.
Volume 12, Issue 3 · pp. 596-602 · 2023 · DOI: 10.5530/jscires.12.3.057
ABSTRACT
This quantitative bibliometric research measures the efficiency of investment in R&D for the 17 more relevant countries investing in R&D through a novel indicator based on the number of scientific articles (associated with stock markets), produced for every 1% of investment in R&D in terms of GDP. The study is justified by the need to deepen the relationship between investment in R&D and economic growth, and was conducted for developed and emerging countries separately, so that the understanding of which countries or regions’ investment in R&D and its consequent scientific production has the greatest impact over the size of their economies through innovation. Our findings indicate clearly that R&D investment strongly correlates to the economy’s size of the studied countries. In addition to finding our novel indicator statistically significant with respect to economic growth through a series of multiple linear regressions and proposing economic growth not statically, but as a dynamic cumulative effect over time, this becomes more relevant for emerging countries (represented in this study by China, Brazil, India, Russia and Turkey, or BRIC + Turkey) compared to developed ones, which decants into an opportunity for scholars and particularly governments to design or restructure their R&D policies towards innovation.
KEYWORDS
REFERENCES
As publishedShowing references and in-text citations exactly as published.
Cite this article
SELECT FORMAT
Arana-Barbier, P. J. (2023). The Relationship Between Scientific Production and Economic Growth Through R&D Investment: A Bibliometric Approach. Journal of Scientometric Research, 12(3), 596-602. https://doi.org/10.5530/jscires.12.3.057
Copyright and licence
© 2023 Author(s)
This is an open access article distributed under the terms of the Creative Commons Attribution-NonCommercial-ShareAlike 4.0 License, which allows others to remix, tweak, and build upon the work non-commercially, as long as the author is credited and the new creations are licensed under the identical terms. CC BY-NC-SA 4.0