Comparison of Sectoral Performance of R&D Expenditures: Analysing Innovation Based Economic Growth

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dc.contributor.authorGursoy, Aysegul
dc.contributor.authorSağlam Liman, Yağmur
dc.date.accessioned2025-03-23T19:13:10Z
dc.date.available2025-03-23T19:13:10Z
dc.date.issued2019
dc.departmentSinop Üniversitesi
dc.description.abstractThis study is testing the sectoral (for business enterprise sector, government sector, higher education sector and private non-profit sector) performance of Intramural R&D expenditures (as a proxy of innovation) for Europe-28 during 2000 and 2017 with VAR technique. Data is gathered from Eurostat science-technology and innovation database. Also the causality between economic growth (annual % GDP) and R&D expenditures (total all sectors) is examined with Hatemi-J et al. (2015) panel asymmetric causality test that takes into account structural breaks which cause positive or negative shocks (instabilities) and different reactions of agents to them. According to empirical results there is a two-way causality between innovation and economic growth; variance decompositions and the impulse-response functions indicate that business enterprise sector contributes the most to the innovation and economic growth and the most endogenous one is private non-profit sector. So it could be said that for Europe-28, the hypothesis of innovation based growth is accepted.
dc.identifier.endpage68
dc.identifier.issn1305-970X
dc.identifier.issueSpecial Issue on Business and Organization Research November 2019
dc.identifier.startpage58
dc.identifier.trdizinid339937
dc.identifier.urihttps://search.trdizin.gov.tr/tr/yayin/detay/339937
dc.identifier.urihttps://hdl.handle.net/11486/4020
dc.identifier.volume14
dc.indekslendigikaynakTR-Dizin
dc.language.isoen
dc.relation.ispartofJournal of Yasar University
dc.relation.publicationcategoryMakale - Ulusal Hakemli Dergi - Kurum Öğretim Elemanı
dc.rightsinfo:eu-repo/semantics/openAccess
dc.snmzKA_TR_20250323
dc.subjectİşletme
dc.subjectİktisat
dc.titleComparison of Sectoral Performance of R&D Expenditures: Analysing Innovation Based Economic Growth
dc.typeArticle

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