Growth effects of R&D, especially in the service sector, are focused in this paper. By using a Romer type growth model with a R&D sector and a final goods retailing sector, we point out growth effects from the labor share of the R&D sector and the service sector. From the empirical analysis on the steady state equation, a positive per-capita income contribution from service sector’ GDP share is put out at light as well as the number of researcher is here indicated for its weight on understanding the subject. And for world growth data we apply principal component analysis: a strong causality effect among per-capita GDP, R&D investment, and service sector share is deduced.
| Published in |
International Journal of Economic Behavior and Organization (Volume 3, Issue 2-1)
This article belongs to the Special Issue Recent Developments of Economic Theory and Its Applications |
| DOI | 10.11648/j.ijebo.s.2015030201.16 |
| Page(s) | 31-38 |
| Creative Commons |
This is an Open Access article, distributed under the terms of the Creative Commons Attribution 4.0 International License (http://creativecommons.org/licenses/by/4.0/), which permits unrestricted use, distribution and reproduction in any medium or format, provided the original work is properly cited. |
| Copyright |
Copyright © The Author(s), 2015. Published by Science Publishing Group |
Endogenous Economic Growth, R&D, Service Sector Growth, World Development
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APA Style
Yasuyuki Nishigaki, Leisa Cristina Sena Moreno. (2015). R&D and Innovations on Tertiary Sector’s Performance and Its Contribution to the World Economic Growth. International Journal of Economic Behavior and Organization, 3(2-1), 31-38. https://doi.org/10.11648/j.ijebo.s.2015030201.16
ACS Style
Yasuyuki Nishigaki; Leisa Cristina Sena Moreno. R&D and Innovations on Tertiary Sector’s Performance and Its Contribution to the World Economic Growth. Int. J. Econ. Behav. Organ. 2015, 3(2-1), 31-38. doi: 10.11648/j.ijebo.s.2015030201.16
AMA Style
Yasuyuki Nishigaki, Leisa Cristina Sena Moreno. R&D and Innovations on Tertiary Sector’s Performance and Its Contribution to the World Economic Growth. Int J Econ Behav Organ. 2015;3(2-1):31-38. doi: 10.11648/j.ijebo.s.2015030201.16
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Download@article{10.11648/j.ijebo.s.2015030201.16,
author = {Yasuyuki Nishigaki and Leisa Cristina Sena Moreno},
title = {R&D and Innovations on Tertiary Sector’s Performance and Its Contribution to the World Economic Growth},
journal = {International Journal of Economic Behavior and Organization},
volume = {3},
number = {2-1},
pages = {31-38},
doi = {10.11648/j.ijebo.s.2015030201.16},
url = {https://doi.org/10.11648/j.ijebo.s.2015030201.16},
eprint = {https://article.sciencepublishinggroup.com/pdf/10.11648.j.ijebo.s.2015030201.16},
abstract = {Growth effects of R&D, especially in the service sector, are focused in this paper. By using a Romer type growth model with a R&D sector and a final goods retailing sector, we point out growth effects from the labor share of the R&D sector and the service sector. From the empirical analysis on the steady state equation, a positive per-capita income contribution from service sector’ GDP share is put out at light as well as the number of researcher is here indicated for its weight on understanding the subject. And for world growth data we apply principal component analysis: a strong causality effect among per-capita GDP, R&D investment, and service sector share is deduced.},
year = {2015}
}
TY - JOUR T1 - R&D and Innovations on Tertiary Sector’s Performance and Its Contribution to the World Economic Growth AU - Yasuyuki Nishigaki AU - Leisa Cristina Sena Moreno Y1 - 2015/03/06 PY - 2015 N1 - https://doi.org/10.11648/j.ijebo.s.2015030201.16 DO - 10.11648/j.ijebo.s.2015030201.16 T2 - International Journal of Economic Behavior and Organization JF - International Journal of Economic Behavior and Organization JO - International Journal of Economic Behavior and Organization SP - 31 EP - 38 PB - Science Publishing Group SN - 2328-7616 UR - https://doi.org/10.11648/j.ijebo.s.2015030201.16 AB - Growth effects of R&D, especially in the service sector, are focused in this paper. By using a Romer type growth model with a R&D sector and a final goods retailing sector, we point out growth effects from the labor share of the R&D sector and the service sector. From the empirical analysis on the steady state equation, a positive per-capita income contribution from service sector’ GDP share is put out at light as well as the number of researcher is here indicated for its weight on understanding the subject. And for world growth data we apply principal component analysis: a strong causality effect among per-capita GDP, R&D investment, and service sector share is deduced. VL - 3 IS - 2-1 ER -
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