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Ar-Ge Harcamaları ile Ekonomik Büyüme Arasındaki İlişki: Seçilmiş Yeni Sanayileşen Ülkelerde Panel Veri Analizi

Year 2021, Volume: 14 Issue: 3, 728 - 747, 15.09.2021
https://doi.org/10.35674/kent.976698

Abstract

Dünya ekonomisinde meydana gelen gelişmeler ve ülkeler arasında artan rekabet ile birlikte, ekonomik büyümenin belirleyicileri değişikliğe uğramıştır. Bu bağlamda, 1980 sonrası dönemde, dünya ekonomisinde artan küresel rekabete bağlı olarak teknolojik yenilik olgusu önem kazanmış, teknolojik yeniliği ortaya çıkaran ve ekonomik büyümenin itici gücü olarak değerlendirilen araştırma geliştirme (Ar&Ge) faaliyetlerine verilen önem artmıştır. Çalışmada; Ar&Ge harcamaları ile ekonomik büyüme arasındaki ilişkiyi incelemek amacıyla seçilmiş yeni sanayileşen ülkelerde (Newly Industrialized Countries: NIC Countries: Güney Afrika, Meksika, Brezilya, Çin, Hindistan, Endonezya, Malezya, Filipinler, Tayland ve Türkiye) 1996-2019 dönemine ait Ar&Ge harcamaları (ARGEHAR, Milyon Dolar), Ar&Ge alanında çalışan araştırmacı sayısı (ARGEARS, 1000 000 kişi başına düşen) ve ülkelerin toplam faktör verimliliği (TFV) yıllık verileri Panel Veri Analizi Yöntemi kullanılarak incelenmiştir. Toplam Faktör Verimliliği verileri PWT (2020)’den ve diğer veriler World Bank (2020a, 2020b, 2020c, 2020d)’den alınmıştır. ARGEHAR verileri; Ar&Ge harcamalarının GSYH’ye oranı ve GSYH verileri kullanılarak tarafımızdan elde edilmiştir. ARGEHAR verileri 1996 yılından başladığı için çalışma 1996-2019 dönemi verileri kullanılarak gerçekleştirilmiştir. Analiz döneminde yer alan 2008 Küresel Ekonomik Krizi de kukla değişkenle analize dâhil edilmiştir. Korelasyon analizinde; NIC ülkelerinde Ar&Ge harcamaları ve Ar&Ge alanında çalışan araştırmacı sayıları ile ekonomik büyüme ve toplam faktör verimliliği arasında pozitif korelasyonların olduğu görülmüştür. Ekonomik büyüme ile olan korelasyonlar daha güçlü iken, toplam faktör verimliliği ile olanlar daha düşük çıkmıştır. Ar&Ge alanında çalışan araştırmacı sayısı ile ekonomik büyüme ve toplam faktör verimliliği arasındaki ilişkilerin, Ar&Ge harcamalarından daha büyük olduğu da görülmüştür. Bu çalışmadan elde edilen bulgulara dayanarak; Ar&Ge harcamalarının ve Ar&Ge alanında çalışan araştırmacı sayısının fazla olmasının ekonomik büyümeye ve toplam faktör verimliliğine olumlu yönde etki edeceği ancak, bu verilerin büyüklüğü kadar niteliğinin de önemli olduğu ifade edilebilir.

References

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  • Aghion, P. ve Howitt, P. (1992). A Model of Growth Through Creative Destruction. Econometrica, 60(2), 323-351.
  • Altıntas, H. ve Mercan, M. (2015). The Relationship between Research and Development (R&D) Expenditures: Panel Cointegration Analysis Under Cross Sectional Dependency on OECD Countries. Ankara University PSF Journal, 70(2), 345-376.
  • Andersson, B. (1999). On the Causality Between Saving and Growth: Long- and Short Run Dynamics and Country Heterogeneity. https://citeseerx.ist.psu.edu/viewdoc/ download?doi=10.1.1.195.1295&rep=rep1&type=pdf, (Access: 06.11.2020).
  • Bassanini, A. ve Scarpetta, S. (2001). The Driving Forces of Economic Growth: Panel Data Evidence For The OECD Countries. OECD Economic Studies, 33(2001/II), 9-56.
  • Bilbao‐Osorio, B. ve Rodríguez‐Pose, A. (2004). From R&D to Innovation and Economic Growth in the EU. Growth and Change, 35 (4), 434-455.
  • Bravo, O. C. & Garcia M. A. (2011). R&D and productivity : A two way avenue?, World Development, 39 (7). 1090-1107. Carlsson, M., Lyhagen, J. and Österholm, P. (2007). Testing for Purchasing Power Parity in Cointegrated Panels. IMF Working Paper, No: WP07/287.
  • Coe, D. T. ve Helpman, E. (1995). International R&D Spillovers. European Economic Review, 39: 859-887. Del Monte, A. ve Papagni, E. (2003). R&D and The Growth of Firms : Empirical Analysis of A Panel of Italian Firms. Research Policy, 32(6), 1003-1014.
  • Del Monte, A. & Papagni, E. (2003). R&D and The Growth of Firms : Empirical Analysis of A Panel of Italian Firms. Research Policy, 32(6), 1003-1014.
  • Dereli, D., D. & Salgar, U. (2019). Relationship Between R&D Expenditures And Economic Growth: An Evaluation On Turkey. Journal of Life Economics, 6 (3), 345-360.
  • Eid, A. (2012). Higher Education R&D and Productivity Growth: An Empirical Study on Highİncome OECD Countries, Education Economics, 20(1), 53-68.
  • Falk, M. (2007). R&D Spending in the High-Tech Sector and Economic Growth. Research in Economics, 61,140-147. Feki, C., & Mnif, S. (2016). Entrepreneurship, Technological Innovation, and Economic Growth: Empirical Analysis of Panel Data. Journal of the Knowledge Economy, (7) 4, 984-999.
  • Freire-Serén, M. J. (2001). R&D Expenditure in an Endogenous Growth Model. Journal of Economics, 74(1), 39-62.
  • Gittleman, M. & Wolff, E. N. (1995). R&D activity and cross country growth comparisons. Cambridge Journal of Economics, 19, 189-207.
  • Goel, R. K. & Ram, R. (1994). Research and development expenditures and economic growth: A crosscountry study. Economic Development and Cultural Change, 42(2), 403-11.
  • Gocer, I. (2013). Effects of R&D Expenditures on High Technology Exports, Balance of Foreign Trade and Economic Growth. Journal of Finance, 165(2), 215-240.
  • Greene, W. H. (2002). Econometric Analysis. (Fifth Edition). Prentice Hall, New Jersey.
  • Grossman, G.M. ve Helpman, E. (1991a). Quality Ladders in the Theory of Growth. The Review of Economic Studies, 58(1), 43-61.
  • Grossman, G. ve Helpman, E. (1991b). Innovation and Growth in the Global Economy. Cambridge, MA: The MIT Press.
  • Guellec, D. and B. V.P.D.L.Potterie. (2000). The impact of public R&D expenditure on business R&D. OECD Directorate for Science, Technology and Industry (STI) Working Papers, 1-26.
  • Gutierrez, Lucciana (2005). Tests for Cointegration in Panels with Regime Shifts. Econometrics 0505007, University Library of Munich, Germany.
  • Gyekye, A. B., Oseifuah, E. K. & Vukor-Quarshie, G. N. K. (2012). The İmpact of Research and Development on Socio-Economic Development: Perspectives From Selected Developing Economies. Journal of Emerging Trends in Economics and Management Sciences, 3(6), 915.
  • Inekwe, J., N. (2015). The Contribution of R&D Expenditure to Economic Growth in Developing Economies. Social Indicators Research, (124)3, 727-745.
  • Jones, C. I. (1995). R&D-Based Models of Economic Growth. Journal of Political Economy, 103(4), 759-784.
  • Kao, Chihwa and Min-Hsien Chiang (2000). “On the Estimation and Inference of a Cointegrated Regression in Panel Data” in Baltagi, B. H. et al. eds., Nonstationary Panels, Panel Cointegration and Dynamic Panels, 15, Amsterdam: Elsevier, 179–222.
  • Lederman, D. ve Maoney, F. W. (2003). R&D and Development. World Bank Policy Research Working Paper (3024).
  • Lichtenberg, F. R. (1993). R&D Investment and International Productivity Differences, NBER Working Paper Series, Vol.W4161.
  • Lucas, E. Robert (1988). On The Mechanics of Economic Development. Journal of Monetary Economics, 22(1), 3 - 42.
  • Maddala, G. S. and Wu, Shaowen (1999). A Comparative Study of Unit Root Tests with Panel Data and aNew Simple Test. Oxford Bulletin of Economics and Statistics, 61, 631-652.
  • Mecik, O. (2014). The Effects of R&D Expenditure on Economic Development. The Journal of International Social Research, 7(32), 669-674.
  • Park, Walter G. (1995) International R&D Spillovers and OECD Economic Growth. Economic Inquir Vol. 33, No.4, pp.571-591.
  • Pece, A. M., Simona, O. E. O., & Salisteanu, F. (2015). Innovation and Economic Growth: An Empirical Analysis for CEE Countries. Procedia Economics and Finance, (26), 461-467.
  • Pedroni, Peter (2000). “Fully Modified OLS for Heterogeneous Cointegrated Panels,” in Baltagi, B. H. ed., Nonstationary Panels, Panel Cointegration and Dynamic Panels, 15, Amsterdam: Elsevier, 93–130.
  • Pedroni, P. (2004). Panel Cointegration: Asymptotic and Finite Sample Properties of Pooled Time Series Tests with an Application to the PPP Hypothesis, Econometric Theory, 20(3), 597-625.
  • Pessoa, A. (2010). R&D and economic growth: How strong is the link?. Economics Letters, 107, 152-154.
  • Phillips, Peter C. B. and Hansen, Bruce E. (1990). Statistical Inference in Instrumental Variables Regression with I(1) Processes. Review of Economics Studies, 57, 99-125.
  • Phillips, Peter C. B. and Moon, Hyungsik R. (1999). Linear Regression Limit Theory for Nonstationary Panel Data. Econometrica, 67, 1057-1111.
  • Piras, G., Postiglione, P. ve Aroca, P. (2011). Specialization, R&D and Productivity Growth: Evidence from EU Regions. The Annals of Regional Science, 49, 35- 51.
  • PWT (2020). Penn World Table version 9.1 (PWT 9.1). https://www.rug.nl/ggdc/productivity/pwt/?lang=en, (Erişim: 04.11.2020).
  • Romer, M. P. (1986). Increasing Returns and Long-Run Growth. The Journal of Political Economy, 95(5), 1002-1037.
  • Romer, P.M. (1990). Endogenous Technological Change. The Journal of Political Economy, 98(5), 71-101.
  • Sadraoui, T. ve Zina, N.B. (2009). A Dynamic Panel Data Analysis for R&D Cooperation and Economic Growth. International Journal of Foresight and Innovation Policy, 5(4), 218-233.
  • Samimi, A.J. ve 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.
  • Schumpeter, J.A. (1934) The Theory of Economic Development, Harvard University Press: Cambridge, MA.
  • Solow, R. M. (1956). A Contribution to the Theory of Economic Growth. The Quarterly Journal of Economics, 70(1), 65-94.
  • Stokey, N. L. (1995). R&D and Economic Growth. Review of Economic Studies, 62 (3), 469-489.
  • Sylwester, Kevin (2001). R&D and economic growth. Knowledge, Technology & Policy. 13(4), 71-84.
  • Swan, T.W. (1956), “Economic Growth and Capital Acunulation”, Economic Record, 32(2), 334-361.
  • Tarı, R. ve Alabas, M. M. (2017). The Relationship Between R&D Expenditures and Economic Growth: The Case of Turkey (1990-2014), Bolu Abant Izzet Baysal University Journal of Graduate School of Social Sciences, 17(2), 1-17.
  • Taş, Ş., Taşar, İ. ve Açcı, Y., (2017). Relationship Between R&D Expenditures and Economic Growth: Example of Turkey, Ömer Halisdemir Univesity Academic Review of Economics and Administrative Sciences, 10(2), 197-206.
  • World Bank (2020a). Researchers in R&D (Per Million People). https://data.worldbank.org/indicator/SP.POP.SCIE.RD.P6?view=chart, (Erişim: 04.11.2020).
  • World Bank (2020b). Research and Development Expenditure (% of GDP). https://data.worldbank.org/indicator/GB.XPD.RSDV.GD.ZS?view=chart, (Erişim: 04.11.2020).
  • World Bank (2020c). GDP (Current US$). https://data.worldbank.org/indicator/NY.GDP.MKTP.CD?view=chart, (Erişim: 04.11.2020).
  • World Bank (2020d). GDP Per Capita (Constant 2010 US$). https://data.worldbank.org/indicator/NY.GDP.PCAP.KD?view=chart, (Erişim: 04.11.2020).
  • Yanyun, Z. ve Mingqian, Z. (2004). R& D and Economic Growth: Panel Data Analysis in ASEAN+3 Countries”, A Joint Conference of AKES, RCIE, and KDI: Korea and the World Economy, III, July 3-4, Sungkyunkwan University, Seoul, Koreahttps://faculty.washington.edu/karyiu/confer/seoul04/ papers/zhao.pdf.
  • Zachariadis, M. (2004). R&D-Induced Growth in The OECD? Review of Development Economics, 8(3), 423-439.

The Relationship Between R&D Expenditures And Economic Growth: Panel Data Analysis in Selected New Industrializing Countries

Year 2021, Volume: 14 Issue: 3, 728 - 747, 15.09.2021
https://doi.org/10.35674/kent.976698

Abstract

It reveals that developments in the world economy and increased competition between countries have highlighted some other factors related to the economic growth. In this context, the determinants of economic growth include technological innovation due to the increasing global competition, and research and development (R&D) activities which are considered as the driving force of economic growth in the post-1980 period. The study investigates the effect of R&D spending, such as R&D expenditures (million dollars), the total number of researchers in the field (per 1000 000 people), as well as total factor productivity (TFP) annual reports on total factor productivity and economic growth in newly industrialized countries (South Africa, Mexico, Brazil, China, India, Indonesia, Malaysia, Philippines, Thailand, and Turkey) using panel data analysis over the period 1996-2019. The source of total factor productivity data come from PWT (2020) and other data from World Bank (2020a, 2020b, 2020c, 2020d). R&D spending indicator is measured using GDP data and the ratio of R&D expenditures to GDP. The study used the data of the years over 1996-2019 as the necessary data is available for that period. The 2008 global economic crisis, which took place during the analysis period, was also included in the analysis with the dummy variable. Correlation analysis showed positive correlations between R&D expenditures and the number of researchers working in the field of R&D in NIC countries and economic growth and total factor productivity. It was also observed that the relationship between the number of researchers working in the field of R&D and economic growth and overall factor productivity is greater than R&D expenditures. According to the research findings, it is suggested that R&D expenditures and the large number of researchers working in the field of R&D will have a positive impact on economic growth and overall factor productivity, but the nature of these data is as important as the size.

References

  • Amaghouss, J. & Ibourk, A. (2013). Entrepreneurial Activities, Innovation And Economic Growth: The Role Of Cyclical Factors Evidence From Oecd Countries For The Period 2001-2009, International Business Research, 6(1), 153-165.
  • Aghion, P. ve Howitt, P. (1992). A Model of Growth Through Creative Destruction. Econometrica, 60(2), 323-351.
  • Altıntas, H. ve Mercan, M. (2015). The Relationship between Research and Development (R&D) Expenditures: Panel Cointegration Analysis Under Cross Sectional Dependency on OECD Countries. Ankara University PSF Journal, 70(2), 345-376.
  • Andersson, B. (1999). On the Causality Between Saving and Growth: Long- and Short Run Dynamics and Country Heterogeneity. https://citeseerx.ist.psu.edu/viewdoc/ download?doi=10.1.1.195.1295&rep=rep1&type=pdf, (Access: 06.11.2020).
  • Bassanini, A. ve Scarpetta, S. (2001). The Driving Forces of Economic Growth: Panel Data Evidence For The OECD Countries. OECD Economic Studies, 33(2001/II), 9-56.
  • Bilbao‐Osorio, B. ve Rodríguez‐Pose, A. (2004). From R&D to Innovation and Economic Growth in the EU. Growth and Change, 35 (4), 434-455.
  • Bravo, O. C. & Garcia M. A. (2011). R&D and productivity : A two way avenue?, World Development, 39 (7). 1090-1107. Carlsson, M., Lyhagen, J. and Österholm, P. (2007). Testing for Purchasing Power Parity in Cointegrated Panels. IMF Working Paper, No: WP07/287.
  • Coe, D. T. ve Helpman, E. (1995). International R&D Spillovers. European Economic Review, 39: 859-887. Del Monte, A. ve Papagni, E. (2003). R&D and The Growth of Firms : Empirical Analysis of A Panel of Italian Firms. Research Policy, 32(6), 1003-1014.
  • Del Monte, A. & Papagni, E. (2003). R&D and The Growth of Firms : Empirical Analysis of A Panel of Italian Firms. Research Policy, 32(6), 1003-1014.
  • Dereli, D., D. & Salgar, U. (2019). Relationship Between R&D Expenditures And Economic Growth: An Evaluation On Turkey. Journal of Life Economics, 6 (3), 345-360.
  • Eid, A. (2012). Higher Education R&D and Productivity Growth: An Empirical Study on Highİncome OECD Countries, Education Economics, 20(1), 53-68.
  • Falk, M. (2007). R&D Spending in the High-Tech Sector and Economic Growth. Research in Economics, 61,140-147. Feki, C., & Mnif, S. (2016). Entrepreneurship, Technological Innovation, and Economic Growth: Empirical Analysis of Panel Data. Journal of the Knowledge Economy, (7) 4, 984-999.
  • Freire-Serén, M. J. (2001). R&D Expenditure in an Endogenous Growth Model. Journal of Economics, 74(1), 39-62.
  • Gittleman, M. & Wolff, E. N. (1995). R&D activity and cross country growth comparisons. Cambridge Journal of Economics, 19, 189-207.
  • Goel, R. K. & Ram, R. (1994). Research and development expenditures and economic growth: A crosscountry study. Economic Development and Cultural Change, 42(2), 403-11.
  • Gocer, I. (2013). Effects of R&D Expenditures on High Technology Exports, Balance of Foreign Trade and Economic Growth. Journal of Finance, 165(2), 215-240.
  • Greene, W. H. (2002). Econometric Analysis. (Fifth Edition). Prentice Hall, New Jersey.
  • Grossman, G.M. ve Helpman, E. (1991a). Quality Ladders in the Theory of Growth. The Review of Economic Studies, 58(1), 43-61.
  • Grossman, G. ve Helpman, E. (1991b). Innovation and Growth in the Global Economy. Cambridge, MA: The MIT Press.
  • Guellec, D. and B. V.P.D.L.Potterie. (2000). The impact of public R&D expenditure on business R&D. OECD Directorate for Science, Technology and Industry (STI) Working Papers, 1-26.
  • Gutierrez, Lucciana (2005). Tests for Cointegration in Panels with Regime Shifts. Econometrics 0505007, University Library of Munich, Germany.
  • Gyekye, A. B., Oseifuah, E. K. & Vukor-Quarshie, G. N. K. (2012). The İmpact of Research and Development on Socio-Economic Development: Perspectives From Selected Developing Economies. Journal of Emerging Trends in Economics and Management Sciences, 3(6), 915.
  • Inekwe, J., N. (2015). The Contribution of R&D Expenditure to Economic Growth in Developing Economies. Social Indicators Research, (124)3, 727-745.
  • Jones, C. I. (1995). R&D-Based Models of Economic Growth. Journal of Political Economy, 103(4), 759-784.
  • Kao, Chihwa and Min-Hsien Chiang (2000). “On the Estimation and Inference of a Cointegrated Regression in Panel Data” in Baltagi, B. H. et al. eds., Nonstationary Panels, Panel Cointegration and Dynamic Panels, 15, Amsterdam: Elsevier, 179–222.
  • Lederman, D. ve Maoney, F. W. (2003). R&D and Development. World Bank Policy Research Working Paper (3024).
  • Lichtenberg, F. R. (1993). R&D Investment and International Productivity Differences, NBER Working Paper Series, Vol.W4161.
  • Lucas, E. Robert (1988). On The Mechanics of Economic Development. Journal of Monetary Economics, 22(1), 3 - 42.
  • Maddala, G. S. and Wu, Shaowen (1999). A Comparative Study of Unit Root Tests with Panel Data and aNew Simple Test. Oxford Bulletin of Economics and Statistics, 61, 631-652.
  • Mecik, O. (2014). The Effects of R&D Expenditure on Economic Development. The Journal of International Social Research, 7(32), 669-674.
  • Park, Walter G. (1995) International R&D Spillovers and OECD Economic Growth. Economic Inquir Vol. 33, No.4, pp.571-591.
  • Pece, A. M., Simona, O. E. O., & Salisteanu, F. (2015). Innovation and Economic Growth: An Empirical Analysis for CEE Countries. Procedia Economics and Finance, (26), 461-467.
  • Pedroni, Peter (2000). “Fully Modified OLS for Heterogeneous Cointegrated Panels,” in Baltagi, B. H. ed., Nonstationary Panels, Panel Cointegration and Dynamic Panels, 15, Amsterdam: Elsevier, 93–130.
  • Pedroni, P. (2004). Panel Cointegration: Asymptotic and Finite Sample Properties of Pooled Time Series Tests with an Application to the PPP Hypothesis, Econometric Theory, 20(3), 597-625.
  • Pessoa, A. (2010). R&D and economic growth: How strong is the link?. Economics Letters, 107, 152-154.
  • Phillips, Peter C. B. and Hansen, Bruce E. (1990). Statistical Inference in Instrumental Variables Regression with I(1) Processes. Review of Economics Studies, 57, 99-125.
  • Phillips, Peter C. B. and Moon, Hyungsik R. (1999). Linear Regression Limit Theory for Nonstationary Panel Data. Econometrica, 67, 1057-1111.
  • Piras, G., Postiglione, P. ve Aroca, P. (2011). Specialization, R&D and Productivity Growth: Evidence from EU Regions. The Annals of Regional Science, 49, 35- 51.
  • PWT (2020). Penn World Table version 9.1 (PWT 9.1). https://www.rug.nl/ggdc/productivity/pwt/?lang=en, (Erişim: 04.11.2020).
  • Romer, M. P. (1986). Increasing Returns and Long-Run Growth. The Journal of Political Economy, 95(5), 1002-1037.
  • Romer, P.M. (1990). Endogenous Technological Change. The Journal of Political Economy, 98(5), 71-101.
  • Sadraoui, T. ve Zina, N.B. (2009). A Dynamic Panel Data Analysis for R&D Cooperation and Economic Growth. International Journal of Foresight and Innovation Policy, 5(4), 218-233.
  • Samimi, A.J. ve 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.
  • Schumpeter, J.A. (1934) The Theory of Economic Development, Harvard University Press: Cambridge, MA.
  • Solow, R. M. (1956). A Contribution to the Theory of Economic Growth. The Quarterly Journal of Economics, 70(1), 65-94.
  • Stokey, N. L. (1995). R&D and Economic Growth. Review of Economic Studies, 62 (3), 469-489.
  • Sylwester, Kevin (2001). R&D and economic growth. Knowledge, Technology & Policy. 13(4), 71-84.
  • Swan, T.W. (1956), “Economic Growth and Capital Acunulation”, Economic Record, 32(2), 334-361.
  • Tarı, R. ve Alabas, M. M. (2017). The Relationship Between R&D Expenditures and Economic Growth: The Case of Turkey (1990-2014), Bolu Abant Izzet Baysal University Journal of Graduate School of Social Sciences, 17(2), 1-17.
  • Taş, Ş., Taşar, İ. ve Açcı, Y., (2017). Relationship Between R&D Expenditures and Economic Growth: Example of Turkey, Ömer Halisdemir Univesity Academic Review of Economics and Administrative Sciences, 10(2), 197-206.
  • World Bank (2020a). Researchers in R&D (Per Million People). https://data.worldbank.org/indicator/SP.POP.SCIE.RD.P6?view=chart, (Erişim: 04.11.2020).
  • World Bank (2020b). Research and Development Expenditure (% of GDP). https://data.worldbank.org/indicator/GB.XPD.RSDV.GD.ZS?view=chart, (Erişim: 04.11.2020).
  • World Bank (2020c). GDP (Current US$). https://data.worldbank.org/indicator/NY.GDP.MKTP.CD?view=chart, (Erişim: 04.11.2020).
  • World Bank (2020d). GDP Per Capita (Constant 2010 US$). https://data.worldbank.org/indicator/NY.GDP.PCAP.KD?view=chart, (Erişim: 04.11.2020).
  • Yanyun, Z. ve Mingqian, Z. (2004). R& D and Economic Growth: Panel Data Analysis in ASEAN+3 Countries”, A Joint Conference of AKES, RCIE, and KDI: Korea and the World Economy, III, July 3-4, Sungkyunkwan University, Seoul, Koreahttps://faculty.washington.edu/karyiu/confer/seoul04/ papers/zhao.pdf.
  • Zachariadis, M. (2004). R&D-Induced Growth in The OECD? Review of Development Economics, 8(3), 423-439.
There are 56 citations in total.

Details

Primary Language English
Subjects Economics
Journal Section Research Article
Authors

Eda Fendoğlu 0000-0003-4092-7137

Mehmet Ali Polat 0000-0001-9239-8228

Publication Date September 15, 2021
Submission Date July 30, 2021
Published in Issue Year 2021 Volume: 14 Issue: 3

Cite

APA Fendoğlu, E., & Polat, M. A. (2021). The Relationship Between R&D Expenditures And Economic Growth: Panel Data Analysis in Selected New Industrializing Countries. Kent Akademisi, 14(3), 728-747. https://doi.org/10.35674/kent.976698

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