Effects of Nano-Technology on Economic Growth in Selected Countries

This paper attempts to evaluate the effects of nano-technology on the economic growth of Europe Union countries, USA and Japan during 2009-1997 in the frame of an econometric model (GMM) and Panel Data. The results represent that the development nano-technology has a positive and significant effect on the economic growth of the countries under the study. So that, 1 percent increase of the research and development costs in nano-technology makes the economic growth of the above countries to be increased about 0.01 percent.