A Metrical Analysis of the Effect of Innovation Investment on Growth and Development in Mexico

This research has as an objective to analyze the effect of investment on private and public innovation, research and development (R&D) on economic growth in the case of Mexico from year 1980 through 2019. This because both neoclassical and endogenous economic growth theory point out that inv...

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Bibliographic Details
Main Authors: Irma Victoria Ramírez Lozano, David Vázquez Guzmán
Format: Artículo de divulgación
Language:spa
Published: Universidad Autónoma de Ciudad Juárez 2023
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Online Access:http://erevistas.uacj.mx/ojs/index.php/NovaRua/article/view/5746
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Summary:This research has as an objective to analyze the effect of investment on private and public innovation, research and development (R&D) on economic growth in the case of Mexico from year 1980 through 2019. This because both neoclassical and endogenous economic growth theory point out that investment on R&D enhance productivity and produces a better understanding of the country´s technological and natural resources. Using the OLS (Ordinary Least Squares) causal method with time series data coming from sources like ANUIES, INEGI and CONACyT, we estimate an econometric model that measures this impact. We found, under this analysis, that several factors positively affect economic growth, such as the number of patents by foreigners in the country, the amount of public spending,the number of graduate scholarships by the federal institute CONACyT, and the number of publications by Mexican scientists.
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