The Effects of Technological Innovations on Competitiveness and Economic Growth

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DOI :10.26650/B/SS10.2020.001.03   IUP :10.26650/B/SS10.2020.001.03    Full Text (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.


Keywords: R&D Expenditures, Economic Growth, Panel Regression Analysis.

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