Does national investment on R&D compared to military expenditure achieve greater development?
Presentation
Paper/Presentation Title | Does national investment on R&D compared to military expenditure achieve greater development? |
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Presentation Type | Presentation |
Authors | Kabir, Enamul (Author), Biswas, Raaj (Author) and Rafi, Refat Bin Reza (Author) |
Journal or Proceedings Title | Proceedings of the Melbourne International Business and Social Science Research Conference 2017 |
Number of Pages | 1 |
Year | 2017 |
Place of Publication | Australia |
ISBN | 9780994602978 |
Web Address (URL) of Paper | http://aabl.com.au/aablConference/public/documents/pdf/Call%20for%20Papers_MEL_08_06_2017.pdf |
Conference/Event | Melbourne International Business and Social Science Research Conference 2017 |
Event Details | Melbourne International Business and Social Science Research Conference 2017 Event Date 28 to end of 30 Oct 2017 Event Location Melbourne, Australia |
Abstract | Research investment and military expenditure are generally of opposite character. Military spending is higher than research and development (R&D) because of global insecurity and power politics. We show the merit of research and development (R&D) investment and how it contributes to the national human capital. We further assess the impact of the expenditure gap between these two on the Human Development Index (HDI) and Gross Domestic Product (GDP). Data from 76 countries for a period of 15 years (2000-2014) were analysed by mixed effect models adjusting the effect of the six different continents. There exists a positive bi-directional significant relationship between the HDI and R&D investment. R&D tend to contribute to human capital, which in turn contributes to the public development over the years, whereas the military expenditure that only marginally contributes towards GDP, not HDI. |
Keywords | HDI, GDP, R&D |
ANZSRC Field of Research 2020 | 389999. Other economics not elsewhere classified |
Public Notes | Oral presentation - Abstract only published in Proceedings. No evidence of copyright restrictions preventing deposit of Published Abstract. |
Byline Affiliations | School of Agricultural, Computational and Environmental Sciences |
University of Dhaka, Bangladesh | |
Institution of Origin | University of Southern Queensland |
https://research.usq.edu.au/item/q489v/does-national-investment-on-r-d-compared-to-military-expenditure-achieve-greater-development
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