Effects of Nano-Technology on Economic Growth in Selected Countries

Subject Areas : Labor and Demographic Economics

Yazdan Naghdi ¹ , Soheila Kaghazian ² , Niki Mohsni fakhr ³ , Hadi Parhizi Gashti ⁴

1 - استادیار دانشگاه آزاد اسلامی واحد فیروزکوه
2 - استادیار دانشگاه آزاد اسلامی واحد فیروزکوه
3 - کارشناس ارشد اقتصاد
4 - کارشناس ارشد اقتصاد

Received: 2015-04-16 Accepted : 2015-04-16 Published : 2015-04-01

Keywords: Nano-technology, Economic Growth, Research and Development Costs,

Abstract :

This paper attempts to evaluate the effects of nano-technology on the economic growth of Europe Union countries, USA and Japan during 2009-1997 in the frame of an econometric model (GMM) and Panel Data.  The results represent that the development nano-technology has a positive and significant effect on the economic growth of the countries under the study. So  that, 1 percent increase of the research and development costs in nano-technology makes the economic growth of the above countries to be increased about 0.01 percent.

References:

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