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ID:
085466
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| Publication |
2008.
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| Summary/Abstract |
The present paper is based on the premise that maritime security will be of vital importance to the world if 2025 and, particularly, to a maritime nation, such as India. The oceans are, and will remain, a key source of food, energy, transportation, trade and communication. Although threats to maritime security have been prevalent from the days of pirates on sail ships, the dimensions of the challenges have increased manifold over time as man progressed from agrarian to industrial to the current information age.
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| 2 |
ID:
140010
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| Summary/Abstract |
This article provides an empirical analysis of the relationship between research and development (R&D) expenditures and economic growth, and determines whether this relationship differs with respect to the degree of development. In this regard, the study utilises data from 52 countries from 1996 to 2010 and employs a dynamic panel data model. The research finds that R&D expenditure has a positive and significant effect on economic growth for all countries in the long run, which is consistent with the relevant literature. For developing countries, the effect is weak in the short run but strong in the long run, as expected. The study adds new empirical evidence to the literature.
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