Impact of Research & Development Activities on Economic Growth in Emerging Economies

The present study aims to fins the effect of research & development activities on economic growth in emerging economies; India and China. The study is based on 21 years from 1996 to 2016 of historical data. GDP per capita growth has been taken as proxy of economic growth whereas Patent application, Trademark application, High technology exports and R&D expenses have been taken as variables for research & Development activities. Linear regression analysis has been performed in SPSS. The findings suggest that Patent Applications and Trademark Application have significant effect on economic growth in India whereas Trademark Applications, R&D Expenses and High Technology exports effect the economic growth in China. The study provide significant insights for the policy formulations for Government of India as it suggest the government to enhance its budget contribution on R& D expenses and technology advancement sector as they lead to stimulate the economic growth to next level.