Comparison of Nanotechnology R&D’s Effect on Economic Growth in developing and developed countries

Subject Areas : Applied Economics

رویا آل عمران ¹ , وحیده کسمائیپور ² , سید علی آلعمران ³

1 - نویسنده مسئول
2 - ندارد
3 - ندارد

Received: 2011-12-16 Accepted : 2014-01-22 Published : 2013-03-21

Keywords: nanotechnology, R&amp, D, Economic growth, Panel data,

Abstract :

Science and technology is the most important force of promoting economic and social development. Along with the pace of globalization, science and technology increases the demand for talents, physical sources, transfer of technology and investment in the world. In this relation, industry with developed technology will not only be the motor of world economic growth, but also industry is the important privilege in keeping the countries in the competitive markets. For this reason, the level of industry with high technology is the main determinant of the level of economic and social development of a country and the kind of the role of that country in the world economy.     The purpose of this research is to compare the rate of effectiveness of economic growth in the selected developing and developed countries on research and development of Nanotechnology and R & D influence in those countries, using panel data approach over the period of 2000-2007. Findings show that Nanotechnology research and development has positive and meaningful effects on the economic growth of these countries and the hypothesis of more effectiveness of economic growth coming from the research and the Nanotechnology development in the developed countries relative to the developing countries is rejected.