The impact of innovation, education and trade on economic growth: evidence from Europe

Abstract

This paper studies the effects of innovation, education and international trade on economic growth. We collected a panel data of 22 European countries over the period 2000-2020 for these variables. Four different econometric models were estimated, and the results of the final specification showed that there is no statistically significant evidence of the relationship of innovation and international trade on economic growth in the sample analyzed. According to the results, education presents a positive impact on economic growth in the countries considered.