Izvorni znanstveni članak
https://doi.org/10.1080/1331677X.2022.2137826
Financial expansion and economic performance: evaluating the role of research and development expenditures for China
Peijun Xie
Jun Huang
Sažetak
This research targets to investigate the link between research and
development expenditures and financial expansion along with
other control variables such as natural resources (NRS) and gross
domestic product (GDP) for China’s economy over the period of
1984–2021. To analyse china’s economy, the authors employ time
series data relevant to econometrics approaches for long-run relationships
(FMOLS, DOLS, and CCR) to monitor changes over time
between variables, which is important in actual studies. The models’
primary findings are as follows: The cointegration test confirms that
there are log-run associations among the targeted variables. Our
targeted results show that Research and development expenditures
have the largest influence on the financial expansion of the economy.
The control variables like NRS decreases financial expansion
while GDP boosts financial expansion in china. These results imply
that it is very important for policymakers further to change their policy
concerning investment in R&D activities.
Ključne riječi
R & D expenditures; financial expansion; natural resources; FMOLS; DOLS; CCR
Hrčak ID:
306702
URI
Datum izdavanja:
30.4.2023.
Posjeta: 143 *