The Relationship between R&D Expenditures and Economic Growth for Some Developed and Developing Countries: A Panel Data Analysis

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dc.contributor.authorSaglam, Yagmur
dc.contributor.authorEgeli, Hüseyin Avni
dc.contributor.authorEgeli, Pinar
dc.date.accessioned2025-03-23T18:55:13Z
dc.date.available2025-03-23T18:55:13Z
dc.date.issued2017
dc.departmentSinop Üniversitesi
dc.description.abstractThe main purpose of this paper is to investigate the relationship between research and development (R&D) expenditures and economic growth, based on 26 some developed and developing countries (Belgium, Bulgaria, Czech Republic, Denmark, Germany, Estonia, Ireland, Greece, Spain, France, Italy, Cyprus, Hungary, Latvia, Netherland, Austria, Poland, Portugal, Romania, Slovenia, Slovakia, Finland, Sweden, United Kingdom, Iceland, Norway). For this purpose, we used endogenous growth model of Romer (1990), which claims that technological change is the major source of productivity growth in the long run. Inthiscontext, usingannualdatawhich has taken from Eurostat; an empirical model has beendeveloped in the scope of the dynamic panel data analysis forth-period 1996- 2014. The model includes real gross domestic product per capita (GDPRC) and gross domestic expenditures on R&D as an indicator of technological change (innovation). At the empirical part, firstly heterogeneity of the variables were investigate during the Delta test (Pesaran ve Yamagata, 2008), and then the existence of dependency between cross-sectional units that make series were examined by the CADF and Hadri-Kurozumi tests. After proving cointegration between series with Westurlund ECM test; Dumitrescu-Hurlin (2012) and Emirmahmutoglu-Köse (2011) panel causality tests were applied. According to the empirical results, in the long term there is one way causal relationship from R&D expenditures to economic growth for some selected developed and developing countries.
dc.description.abstractÇalismanin amaci ekonomik büyüme ve Ar-Ge harcamalari arasindaki nedensellik iliskisini 26 farkli gelismis ve gelismekte olan ülke için analiz etmektir. Bu çerçevede Romer’in (1990), teknolojide meydana gelen degismelerin uzun dönemde ekonomik büyümenin verimliligini artirdigini ifade eden içsel büyüme modelinden yola çikilmistir. 1996-2014 dönemi Eurostat’dan elde edilen yillik veriler ile dinamik panel veri analizi baglaminda incelenmistir. Modelde kullanilan degiskenler; kisi basina düsen reel GSYIH (GDPRC) ve teknolojik degisimi temsilen Ar-Ge harcamalarinin GSYIH’dan aldigi pay seklinde ifade edilmektedir. Ampirik kisimda ilk olarak Pesaran ve Yamagata (2008) tarafindan gelistirilen Delta testi ile heterojenlige bakilmis ve degiskenler için yatay kesit bagimliligi incelenmistir. Heterojenlik ve yatay kesit bagimliligini dikkate alan CADF ile HadriKurozumi birim kök testleri uygulanmistir. Degiskenler arasindaki es-bütünlesik iliskinin varligi Westerlund Hata Düzeltme Mekanizmasi (ECM) testi ile bulunduktan sonra Dumetriscu-Hurlin (2012) ile Emirmahmutoglu-Köse (2011) panel nedensellik testleri yapilmistir. Elde edilen bulgular uzun dönemde Ar&Ge harcamalarindan ekonomik büyümeye dogru tek yönlü bir nedensellik iliskisini ifade etmektedir
dc.identifier.doi10.17233/sosyoekonomi.288873
dc.identifier.doihttps://doi.org/10.17233/sosyoekonomi.288873
dc.identifier.endpage166
dc.identifier.issn1305-5577
dc.identifier.issue31
dc.identifier.startpage149
dc.identifier.urihttps://hdl.handle.net/11486/2468
dc.identifier.volume25
dc.language.isoen
dc.publisherSosyoekonomi Dernegi
dc.relation.ispartofSosyoekonomi
dc.relation.publicationcategoryMakale - Ulusal Hakemli Dergi - Kurum Öğretim Elemanı
dc.rightsinfo:eu-repo/semantics/openAccess
dc.snmzKA_DergiPark_20250323
dc.subjectResearch and Development
dc.subjectEconomic Growth
dc.subjectPanel Causality Analysis
dc.titleThe Relationship between R&D Expenditures and Economic Growth for Some Developed and Developing Countries: A Panel Data Analysis
dc.title.alternativeGelismis ve Gelismekte Olan Ülkelerde Ar&Ge Harcamalari ve Ekonomik Büyüme Arasindaki Iliski: Panel Veri Analizi
dc.typeArticle

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