Is the tree of the country’s science fructifying the welfare? (Causality test in the science production of Iran)
The impact of scientific product on economic growth and social welfare is one of the interested issues for S&T policy makers. This paper is studying this impact for Iran during the years of 1970-2013. Method: This study is library based with Scientometrics and econometrics method. The indicator of science production is the number of indexes of Iran in WOS and the indicator of welfare is GDPP. Findings: the study shows that the impact of GDPP on the number of indexes is significant. Also shows, the impact of the number of indexes on GDPP in 2 years break is not significant but in 5 years break is significant. Conclusion: Result of the study shows that increase in budget and facilities in higher education has caused increasing in country’s science production and on other hand science production in long term has caused welfare.