This paper analyzes the economic effects of the S&T Innovation, R&D, human resources and investment on the economic growth using 18 countries. We have obtained the somewhat mixed results on the existence of unit root roots in variables. While most of Pedroni cointegration tests show that there are no panel cointegration among the variables, Kao cointegration test shows that there is the panel cointegration among the variables such as GDP, human capital, R&D investment and patent. Kao cointegration test result shows that human capital, R&D investment, patent economic growth seem to have the panel cointegration or the long-run relationship among them as a whole. The estimation results of individual OLS and panel estimation show that the human capital, R&D investment and technology innovation or patent had positively significant effects on economic growth or GDP.

中文翻译：

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技术创新、人力资本和研发对经济增长的影响

本文以18个国家为例，分析了科技创新、研发、人力资源和投资对经济增长的经济影响。关于变量中单位根根的存在，我们已经得到了有些混合的结果。Pedroni 协整检验大部分表明变量之间不存在面板协整，而 Kao 协整检验表明 GDP、人力资本、研发投入和专利等变量之间存在面板协整。花王协整检验结果表明，人力资本、研发投入、专利经济增长在整体上似乎存在面板协整或长期关系。个体OLS和面板估计的估计结果表明，人力资本、R&