The Impact of R and D on Economic Growth in Developed and Emerging Countries

Abstract

Nowadays, research and development expenses have a great of importance in the development and advancement process of different communities. The only way of survival for any organization is spending to permanent research and development, so investment in research and development is a key to economic growth for each country. This study attempts to examine the impact of research and development on economic growth in developed and emerging countries related to 50 countries that divided by Human Development Indicator by using of panel data during the years 2004 to 2010. According to The results of this study, there is a positive correlation and significant between research and development and economic growth. On the other hand Investment in research and development to maintain and improve the economic conditions, market share and competitive advantage in organizations that represent the position of the organization. Therefore, the requirement for entry into any country in the developed world markets and industries, scientific research is driven placement.