jrnls.org logo
Submit

BROWSE ALL JOURNALS

SEE ALL 19 JOURNALS
Journal of Scientometric ResearchNOW IN
Article

The Relationship Between Scientific Production and Economic Growth Through R&D Investment: A Bibliometric Approach

Pablo José Arana-Barbier1,2,3★★ Corresponding author

  1. 1CENTRUM Católica Graduate Business School (CCGBS), Lima, PERU.
  2. 2Pontificia Universidad Católica del Perú (PUCP), Lima, PERU.
  3. 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.

pablo.arana@pucp.pe

Received: 20-04-2023; Revised: 27-07-2023; Accepted: 07-09-2023.

Volume 12, Issue 3 · pp. 596–602 · PUBLISHED · DOI: 10.5530/jscires.12.3.057

View on JSR original site ↗

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

Open in new tab

REFERENCES

As published

Showing references and in-text citations exactly as published.

    Cite this article

    SELECT FORMAT

    Arana-Barbier, P. J. (). 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