DOAJ Open Access 2023

Economic Effects of Investment in Defense Research and Development and its Impact on Productivity in Developed Countries

Guillermo Alfonso Giraldo Martinez Jimmy Anderson Flórez Zuluaga Diego Fernando Morante Granobles Jhon Fredy Escobar Soto

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Abstrak

This work is based on the hypothesis that a country’s technological development and innovation in the security and defense sector is a critical factor for developing high-tech industries and thus promoting the country’s competitiveness. This research seeks to establish a correlation between defense economics (DE), security investments in research and development (R & R&D), and the generation of value-added products in high-tech industries from 2009 to 2018, based on models used in the United States, China, and Japan. Quantitative, descriptive, and non-experimental research was implemented to conduct a statistical verification. This contributed to determining the connection between value-added productivity (VAP) indicators related to investments in R&D, the Competitiveness Index, value-added industries, and high-technology exports creating a correlation between the DE indicator and investments in research discovering positive relationships among these variables.

Topik & Kata Kunci

Economic history and conditions Economics as a science

Penulis (4)

Guillermo Alfonso Giraldo Martinez

Jimmy Anderson Flórez Zuluaga

Diego Fernando Morante Granobles

Jhon Fredy Escobar Soto

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Martinez, G.A.G., Zuluaga, J.A.F., Granobles, D.F.M., Soto, J.F.E. (2023). Economic Effects of Investment in Defense Research and Development and its Impact on Productivity in Developed Countries. https://doi.org/10.18359/rfce.6223

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Informasi Jurnal

Tahun Terbit: 2023
Sumber Database: DOAJ
DOI: 10.18359/rfce.6223
Akses: Open Access ✓