BÖLÜM


DOI :10.26650/B/SS10.2020.001.03   IUP :10.26650/B/SS10.2020.001.03    Tam Metin (PDF)

Analysis of the Relationship Between R&D Expenditure and Economic Growth: Comparison Between Developing and Developed Countries

Funda Hatice Sezgin

In the global competitive environment, where international borders have been abolished and multilateral liberalization processes and economic cycles are experienced, a number of changes have occurred in the determinants of growth. Research and development activity (R&D) as an impulsive force of economic growth plays a leading role in the economic structures of countries. The R&D sector contributes to economic growth by creating externality via increasing returns in endogenous growth models. This study aims to test if the predictions of the R&D models are valid for developing and developed countries by using the annual data for the period 2000-2019. This study showed that R&D expenditures and the number of patents positively affected growth for both groups of countries.



Referanslar

  • Akbaş, G. & Apar, A. (2010). Avrupa 2020 Stratejisi: Akıllı, Sürdürülebilir ve Kapsayıcı Büyüme için Avrupa Stratejisi Özet Bilgi Notu, AB Genel Sekreterliği, Retrieved from www.ab.gov.tr/files/SBYPB/.../ avrupa_2020stratejisi.pdf, 1–145. google scholar
  • Alene, A. D. (2010). Productivity growth and the effects of R&D in African agriculture. Agricultural Economics, 41(1), 223–238. google scholar
  • Atkinson, R. & Ezell, S. (2012). Innovation economics-the race for global advantage. New Haven, CT: Yale University Press. google scholar
  • Baltagi, B. H. (2005). Econometric analysis of panel data. England: John Wiley & Sons Ltd. Pbc. google scholar
  • Bilas, V., Bosnjak, M., & Cizmic, T. (2016). Relationship between Research and Development and Economic Growth in the EU Countries. Economic and Social Development: Book of Proceedings, 223–230. google scholar
  • Blanco, Luisa R., Ji Gu, & James E. Prieger. (2016). The Impact of Research and Development on Economic Growth and Productivity in the US States. Southern Economic Journal, 82(3), 914–934. google scholar
  • Breitung, J. (2005). A parametric approach to the estimation of cointegration vectors in panel data. Econometric Reviews, 24(2), 151–173. google scholar
  • Bassanini, A. & Scarpetta, S. (2001). The driving forces of economic growth: panel data evidence for the OECD countries. OECD Economic Studies, 33(1), 10–53. google scholar
  • Bilbao-Osorio, B. & Rodriguez-Peso, A. (2004). From R&D to innovation and economic growth in the EU. Growth and Change, 35(4), 434–455. google scholar
  • Bozkurt, C. (2015). R&D expenditures and economic growth relationship in Turkey. International Journal of Economics and Financial Issues, 5(1), 188–198. google scholar
  • Breusch, T. S. & Pagan, A. R. (1980). The Lagrange multiplier test and its applications to model specification tests in econometrics. Review of Economic Studies, 47(1), 239–253. google scholar
  • Capello, R. & Lenzi, C. (2014). Spatial heterogeneity in knowledge, innovation, and economic growth nexus: conceptual reflections and empirical evidence. Journal of Regional Science, 54(2), 186–214. google scholar
  • Choi, I. (2001). Unit Root Tests for Panel Data. Journal of International Money and Finance, 20(1), 249–272. google scholar
  • Doruk, O. T. & Söylemezoğlu E. (2014). The constraints of innovation in developing countries: too many barriers to startups?. 10th International Strategic Management Conference Proceedings Book, 944–949. google scholar
  • Eid, A. (2012). Higher education R&D and productivity growth: an empirical study on high-income OECD countries. Education Economics, 20(1), 53–68. google scholar
  • Falk, M. (2007). R&D spending in the high-tech sector and economic growth. Research in Economics, 61(1), 140–147. google scholar
  • Genç, M. C. & Atasoy, Y. (2010). Ar&ge harcamaları ve ekonomik büyüme ilişkisi: panel veri analizi. Bilgi Ekonomisi ve Yönetimi Dergisi, 5(2), 27–34. google scholar
  • Göçer, İ. (2013). Teknoloji ürün ihracatı, dış ticaret dengesi ve ekonomik büyüme üzerine etkileri. Maliye Dergisi, 165(1), 215–240. google scholar
  • Göçer, İ. (2013). Teknolojik ilerlemenin belirleyicileri: NIC ülkeleri için panel eşbütünleşme ve panel nedensellik analizleri. Maliye Finans Yazıları, 27(100), 116–141. google scholar
  • Göçer, İ., Alataş, S. & Peker, O. (2013). Yatırım-Tasarruf İlişkisi: OECD Ülkeleri için Yeni Nesil Panel Eşbütünleşme Analizi. Dumlupınar Üniversitesi Sosyal Bilimler Dergisi EYİ 2013 Special Issue, 59–78. google scholar
  • Guellec, D. & Van Pottelsberghe de la Potterie, B. (2004). From R&D to productivity growth: do the institutional settings and the source of funds of r&d matter?. Oxford Bulletin of Economics and Statistics, 66(3), 353–378. google scholar
  • Gülmez, A. & Yardımcıoğlu, F. (2012). OECD ülkelerinde ar-ge harcamaları ve ekonomik büyüme ilişkisi: panel eşbütünleşme ve panel nedensellik analizi (1990-2010). Maliye Dergisi, 163(1), 335–353. google scholar
  • Güloğlu, B. & Tekin, R. B. (2012). A panel causality analysis of the relationship among research and development, innovation, and economic growth in high-income OECD countries. Eurasian Economic Review, 2(1), 32–47. google scholar
  • Horvath, R. (2011). Research & development and growth: A Bayesian model averaging analysis. Economic Modelling, 28(1), 2669–2673. google scholar
  • Im, K. S., Pesaran, M. H. & Shin, Y. (2003). Testing for unit roots in heterogeneous panels. Journal of Econometrics, 115(1), 53–74. google scholar
  • Inekwe, J. N. (2015). The contribution of R&D expenditures to economic growth in developing economies. Social Indicators Research, 124(1), 727–745. google scholar
  • Karakaş, M. & Adak, M. ( 2014). Türkiye’de Ar-Ge, patent ve ekonomik büyüme ilişkisi (1970-2012). Yalova Sosyal Bilimler Dergisi, 5(9), 127–145. google scholar
  • Kılıç, C., Kılınç Savrul, B. & Ustaoğlu, M. (2011). Teknoloji ve İnovasyonun Ekonomik Büyüme Üzerindeki Etkileri: Türkiye İçin Bazı Çıkarımlar. Girisimcilik İnovasyon & Ekonomik Kalkınma 3. Uluslararası İstanbul İktisatçılar Symposium Proceedings Book, 223–237. google scholar
  • Kirankabeş, M. C. & Erçakar, M. E. (2012). Importance of relationship between R&D personnel and patent applications on economics growth: a panel data analysis. International Research Journal of Finance and Economics, 92(1), 72–81. google scholar
  • Levin, A., Lin, C. & Chu, C. J. (2002). Unit root tests in panel data: asymptotic and finite sample properties. Journal of Econometrics, 108(1), 1–24. google scholar
  • Maddala, G. S. & Wu, S. (1999). Comparative study of unit root tests with panel data and a new simple test. Oxford Bulletin of Economics and Statistics, Special Issue, 61(1), 631–652. google scholar
  • Özer, M. & Çiftçi, N. (2008). Ar-Ge tabanlı içsel büyüme modelleri ve ar-ge harcamalarının ekonomik büyüme üzerine etkisi: OECD ülkeleri panel veri analizi. SÜ Sosyal ve Ekonomik Araştırmalar Dergisi, 10(16), 219–239. google scholar
  • Özcan, B. & Arı, A. (2014). Araştırma-geliştirme harcamaları ve ekonomik büyüme ilişkisi: panel veri analizi. Maliye Dergisi, 166(1), 39–55. google scholar
  • Pesaran, M. H. (2004). General diagnostic tests for cross section dependence in panels. CESifo Working Paper No: 1229, 1-46. google scholar
  • Pesaran, M. H. (2007). A simple panel unit root test in the presence of cross-section dependence. Journal of Applied Econometrics, 22(2), 265–312. google scholar
  • Pesaran, M. H., Ullah, A. & Yamagata T. (2008). A Bias-Adjusted LM Test of Error Cross-Section Independence. Econometrics Journal, 11(1), 105–127. google scholar
  • Pesaran, M. H. & Yamagata, T. (2008). Testing Slope Homogeneity in Large Panels. Journal of Econometrics, 142(1), 50–93. google scholar
  • Samimi, A. J. & Alerasoul, S. M. (2009). R&D and economic growth: new evidence from some developing countries. Australian Journal of Basic and Applied Sciences, 3(4), 3464–3469. google scholar
  • Saraç, B. T. (2009). Araştırma-Geliştirme Harcamalarının Ekonomik Büyüme Üzerindeki Etkisi: Panel Veri Analizi. EconAnadolu 2009: Anadolu International Conference in Economics Book, 23–35. google scholar
  • Silaghi, M., Alexa, D., Jude, C. & Litan, C. (2014). Do business and public sector research and development expenditures contribute to economic growth in Central and Eastern Europe countries? A dynamic panel estimation. Economic Modelling, 36(1), 108–119. google scholar
  • Sylwester, K. (2001). R&D and economic growth. Knowledge, Technology & Policy, 13(4), 71–84. google scholar
  • Uzun Kocamış, T. & Güngör, A. (2014). Türkiye’de ar-ge harcamaları ve teknoloji sektöründe ar-ge giderlerinin karlılık üzerine etkisi: Borsa İstanbul uygulaması. Maliye Dergisi, 166(1), 127–138. google scholar
  • Ülkü, H. (2004). R&D, innovation, and economic growth: an empirical analysis. IMF Working Paper, No: 04/185, 1–26. google scholar
  • Wang, E. C. (2007). R&D Efficiency and economic performance: a cross-country analysis using the stochastic frontier approach. Journal of Policy Modeling, 29(2), 345–360. google scholar
  • Yaylalı, M., Akan, Y. & Işık, C. (2010). Türkiye’de ar-ge yatırım harcamaları ve ekonomik büyüme arasındaki eşbütünleşme ve nedensellik ilişkisi: 1990–2009. Bilgi Ekonomisi ve Yönetimi Dergisi, 5(2) 13–26. google scholar
  • Zachariadis, M. (2004). R&D-induced Growth in the OECD?. Review of Development Economics, 8(3), 423– 439. google scholar
  • Zerenler, M., Türker, N. & Şahin, E. (2007). Küresel teknoloji, araştırma-geliştirme (ar-ge) ve yenilik ilişkisi. Retrieved from: http://rdbuildings.com/imageAmbar/Dosya_Store/.pdf (16.04.2016). google scholar


PAYLAŞ




İstanbul Üniversitesi Yayınları, uluslararası yayıncılık standartları ve etiğine uygun olarak, yüksek kalitede bilimsel dergi ve kitapların yayınlanmasıyla giderek artan bilimsel bilginin yayılmasına katkıda bulunmayı amaçlamaktadır. İstanbul Üniversitesi Yayınları açık erişimli, ticari olmayan, bilimsel yayıncılığı takip etmektedir.