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This paper estimates the impact of R&D investment, particularly in the high-tech sector, on long-term economic growth in OECD countries from 1970 to 2004. Using a dynamic empirical growth model and system GMM estimator, the study finds that both overall R&D expenditures and the share of high-tech R&D positively influence GDP per capita and productivity. The research highlights the importance of R&D composition, suggesting that high-tech investments yield greater economic returns compared to other sectors.

Author

Aditya Poetoe

Language

EN