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What is Real GDP per Capita Growth

Chapter 7
Technological Development and Impact on Economic and Environmental Sustainability
Annual percentage growth rate of GDP per capita based on constant local currency ( World Bank, 2021a ).
Published in Chapter:
The Interaction Among R&D Expenses and Economic Growth Evidence From EU Transition Economies
Omer Faruk Ozturk (Usak University, Turkey) and Mahmut Unsal Sasmaz (Usak University, Turkey)
Copyright: © 2022 |Pages: 11
DOI: 10.4018/978-1-7998-9648-7.ch007
Abstract
The research and development (R&D) activities are some of the crucial factors affecting the economic growth through raising the technological development, resource base enlargement, and promotion in the capability of resource utilization. This study analyzed the mutual interplay between R&D investments and economic growth in a sample of the EU transition states by means of causality test. The consequences of causality analysis pointed out a unidirectional causality from R&D expenditures to economic growth in Slovenia and a unidirectional causality from economic growth to R&D expenditures at panel level and in Bulgaria, Croatia, Estonia, and Slovakia.
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