RESEARCH AND NATIONAL DEVELOPMENT: A STUDY OF CANADA

Abstract: This paper looked at Research and its impact on the National Development of Canada. With the understanding that a country's national development is impacted by many variables, there was a focus on those variables within the domestic sphere of Canada. Using the Endogenous Growth Theory to understand those internal processes, the paper focused on research and development efforts within Canada, including funding and expenditures on research, the trend lines and some comparative analysis with other G-7 as well as OECD countries. Quantitative secondary data were sourced from open sources like Statistics Canada and OECD data. There was also empirical review of relevant literatures. The paper is of the view that there are strong positive relationship between Research and National development in Canada and while Canada has been able to appropriate this linkage over the years, which has made it one of the more developed countries in the world, there are trend lines which suggest a decline in research efforts in Canada. If not reversed, this decline could have a negative impact on Canada's National development down the road. Among other things, this paper is recommending the Federal government play a more active role in research, especially in areas where the private sector has not seen enough profit potentials to invest in. Keywords: Endogenous Growth, National Development, OECD, Research, Statistics Canada. Title: RESEARCH AND NATIONAL DEVELOPMENT: A STUDY OF CANADA Author: DONATUS CHIKAODI MADU, PROF. N. O. NWAODU International Journal of Novel Research in Humanity and Social Sciences ISSN 2394-9694 Vol. 10, Issue 4, July 2023 - August 2023 Page No: 66-75 Novelty Journals Website: www.noveltyjournals.com Published Date: 25-August-2023 DOI: https://doi.org/10.5281/zenodo.8283037 Paper Download Link (Source) https://www.noveltyjournals.com/upload/paper/RESEARCH%20AND%20NATIONAL%20DEVELOPMENT-25082023-3.pdfInternational Journal of Novel Research in Humanity and Social Sciences, ISSN 2394-9694, Novelty Journals, Website: www.noveltyjournals.co