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KNOWLEDGE ECONOMY AND ECONOMIC PERFORMANCE: COMPARISON OF TURKEY AND THE EUROPEAN UNION

Year 2019, Volume: 6 Issue: 3, 916 - 935, 31.12.2019
https://doi.org/10.30798/makuiibf.569498

Abstract

Economic growth is defined as the
long-term expansion of an economy's production capacity. As a result of
economic growth, significant changes can occur in the economic, social and
cultural structures of a country. In this context, the development process of
growth has attracted the attention of economists, researchers, policy makers
and even households historically. In the economics literature, this concept was
first associated with the agricultural revolution and afterwards with
industrial revolution. In the last quarter of the 20th century, the foundations
of a third revolution under the leadership of knowledge and technology are
laid. Economies which use labor, capital as well as knowledge are one step
ahead in the name of growth.

The aim of this study is to
examine the relationship between the economic performance and knowledge economy
which has knowledge, technology and innovation are in significant place and in
this context, it is to make comparisons between EU countries and Turkey. In
this study, the impact of the knowledge economy on economic performance has been
examined by the selected economics components of 7 main topics in the World
Bank KAM methodology Custom Scorecards. By using data of 1998-2017 period of 28
EU members and Turkey that has been postulated to be a member in the unity for
a long time, a panel data analysis was performed.





According to the results of the analysis, the
variables of capital, labor, export, R&D expenditures, education
expenditures and public activity which are the components of the knowledge
economy used in the study, have a positive effect on economic performance.
Additionally, it was determined that other knowledge economy compo-nents except
female in labor force and mobile phone subscription variables were more
effective and efficient in EU countries in terms of economic performance.

References

  • ARELLANO, M., STEPHAN, B. (1991), Some Tests of Specification for Panel Data: Monte Carlo Evidence and an Application to Employment Equations, The Review of Economic Studies, 58(2),s. 277-297
  • BATAGAN, L. (2007), Indicators for Knowledge Economy, Revista Informatica Economica, 4(44), s. 60-63.
  • BELL, D. (1999), The Coming of Post-Industrial Society, Basic Books, Newyork.
  • BOSKIN, M. J., LAU, L. J. (2000), Generalized Solow – Neutrical Technical Progress and Postwar Economic Growth, NBER Working Paper No: 8023, National Bureau of Economic Research, No:8023, s. 1-39.
  • BURKE, P. (2008), Social History of Knowledge, Blackwell Publishers, Cambridge: Polity.
  • COE, D. H. E. (1995), International R&D spillovers, European Economic Review, 39(5), s. 859-887.
  • COLECCHIA, A., SCHREYER, P. (2002), ICT Investment and Economic Growth in the 1990s: Is the United States a Unique Case? A Comparative Study of Nine OECD Countries”, Review of Economic Dynamics, (5)2, s. 408-442.
  • DAVID, P. FORAY, D. (2003), Economic Fundamentals of the Knowledge Society, Policy Futures in Education, (1)1, s. 20-49.
  • DRUCKER, P. The Next Society, 2001, 17 Ocak 2018 tarihinde https://www.economist.com/node/770819, sitesinden alınmıştır.
  • EATON, J., KORTUM, S. (1994), International Patenting and Technology Diffusion, NBER Working Paper No: 4931, s. 1-42.
  • FALK, M. (2007), R&D Spending in the High-Tech Sector and Economic Growth, Research in Economics, (61)3, 2007, s. 140-147.
  • FEDDERKE, J. (2001), Technology, Human Capital and Growth: Evidence from a Middle Income Country Case Study Applying Dynamic Heterogeneous Panel Analysis, Trade and Industrial Policy Strategies, Annual Forum, s. 1-36.
  • GITTLEMAN, M., WOLFF, E. (1995), R&D Activity and Cross Country Growth Comparisons, Cambridge Journal of Economics, 19(1), s. 189-207.
  • GODIN, B. (2008), The Knowledge Economy: Fritz Machlup’s Construction of Synthetic Concept”, Project on the History and Sociology of S&T Statistics, Working Paper No: 37, s. 1-33.
  • GOEL, R. K., RAM, R. (1994), “Research and Development Expenditures and Economic Growth: A Cross-Country Study”, Economic Development and Cultural Change, 42(2), s. 403-411.
  • GOEL, R. K., PAYNE, J., RAM, R. (2008), R&D Expenditures and U.S. Economic Growth: A Disaggregated Approach, Journal of Policy Modeling, (30)2, s. 237–250.
  • GÜLMEZ, A., AKPOLAT, A. G. (2014), Ar-Ge & İnovasyon ve Ekonomik Büyüme Türkiye ve AB Örneği İçin Dinamik Panel Veri Analizi, AİBÜ Sosyal Bilimler Enstitüsü Dergisi, 14(14), s.1-17.
  • JALAVA, J., POHJOLA, M. (2007), ICT as a Source of Output and Productivity Growth in Finland”, Helsinki Center of Economic Research, Discussion Paper No. 52, s.1-11.
  • JONES, I., C. (1995), Time Series Tests of Endogenous Growth Models, The Quarterly Journal of Economics, (110)2, 1995, s. 495-525.
  • JORGENSON, W., D., STIROH, J., K. (2000), Raising the Speed Limit: U.S. Economic Growth in The Information Age, OECD Economics Department Working Papers No. 261, s. 1-78.
  • KARAGIANNIS, S. (2007), The Knowledge-Based Economy, Convergence and Economic Growth: Evidence from the European Union, Centre of Planning and Economic Research Discussion Papers, No: 91, s. 1-40.
  • LICHTENBERG, F. (1993), R&D Investment and International Productivity Differences, NBER Working Paper No: 4161, s. 1-37.
  • LUNDVALL, B., JOHNSON, B. (1994), The Learning Economy, Journal of Industry Studies, (1)2, s.23-42.
  • MACHLUP, F. (1962), The Production and Distribution of Knowledge in the United States, Princeton University Press.
  • MAS, M., QUESADA, J. (2005), ICT and Economic Growth in Spain: 1985-2002, Munich Personal RePEc Archive (MPRA), Paper No. 15823, s. 1-58.
  • MOON, S-W, KIM, Y., HONG, D-P, (2005), The Economic Importance of The Information Communications Technology Industry in Korea: A CGE Approach, 03.08.2018 tarihinde http://www.copsmodels.com/2000gtapconf/51yongkyu.pdf sitesinden alınmıştır.
  • OLINER, S., SICHEL, D. (1994), Computers and Output Growth Revisited: How Big Is the Puzzle?, Brookings Papers on Economic Activity, (25)2, s. 273-334.
  • ÖZSAĞIR, A. (2016), Bilgi Ekonomisi, Seçkin Yayıncılık, Ankara.
  • PIATKOWSKI, M. (2003), The Contribution of ICT Investment to Economic Growth and Labor Productivity in Poland 1995–2000, TIGER Working Paper Series, No.43, s.1–23.
  • POHJOLA, M. (2000), Information Technology and Economic Growth: A Cross-Country Analysis, United Nations University/World Institute for Development Economics Research (UNU/WIDER) Working Papers No. 173, s. 1-17.
  • POHJOLA, M. (2002), New Economy in Growth and Development, Oxford Review of Economic Policy, (18)3, s. 380-396.
  • POORFARAJ, A., SAMIMI, A. J., KESHAVARZ, H. (2011), Knowledge and Economic Growth: Evidence from Some Developing Countries, Journal of Education and Vocational Research, (1)1, s. 21-25.
  • PORAT, M., U. (1977), The Information Economy: Definition and Measurement, Office of Telecommunications, Washington D.C.
  • POWELL, W., W., SNELLMAN, K. (2004), The Knowledge Economy, Annual Review by Sociology, (30), s.199-220.
  • SAKURAI, N., IOANNIDIS, E., PAPACONSTANTİNOU, G. (1996), The Impact of R&D and Technology Diffusion on Productivity Growth: Evidence for 10 OECD Countries in the 1970s and 1980s”, OECD Science, Technology and Industry Working Paper No.2, s. 1-59.
  • SCHREYER, P. (2000), The Contribution of Information and Communication Technology to Output Growth: A Study of the G-7 Countries”, OECD Science, Technology and Industry Working Papers No.2, s. 1-23.
  • SEREN-FREİRE, M. J. (2001), R&D Expenditure in an Endogenous Growth Model”, Journal of Economics, (74)1, s. 39-62.
  • SILAGHI P., M., I, ALEXA, D., JUDE, C., LITAN, C. (2013), Do Business and Public Sector Research and Development Expenditures Contribute to Economic Growth in Central and Eastern European Countries? A Dynamic Panel Estimation”, Economic Modelling, Elsevier, (36) C, s. 108-119.
  • SMITH, A. (1776)1904, An Inquiry Into The Nature and Causes of The Wealth Of Nations, Edited with an Introduction, Notes, Marginal Summary and an Enlarged Index by Edwin Cannan, London Methuen.
  • TATOĞLU, Y. F. (2018), İleri Panel Veri Analizi Stata Uygulamalı, Beta Yayınevi, İstanbul.
  • TOFFLER, A. (2008), Üçüncü Dalga, Çeviren: Selim Yeniçeri, 1. Baskı, Koridor Yayıncılık, İstanbul.
  • TÜREDİ, S. (2013), Bilgi ve İletişim Teknolojilerinin Ekonomik Büyümeye Etkisi Gelişmiş ve Gelişmekte Olan Ülkeler İçin Panel Veri Analizi, Gümüşhane Üniversitesi Sosyal Bilimler Elektronik Dergisi, (7), s.298-322.
  • WANG, D. H-M, YU T., H-K, HONG Q-L. (2013), Heterogeneous Effect of High-Tech Industrial R&D Spending on Economic Growth”, Journal of Business Research, (66)10, s. 1990-1993.
  • World Bank (2007), Building Knowledge Economies, Advanced Strategies for Development, Washington, D.C.

BİLGİ EKONOMİSİ VE EKONOMİK PERFORMANS: TÜRKİYE VE AVRUPA BİRLİĞİ KARŞILAŞTIRMASI

Year 2019, Volume: 6 Issue: 3, 916 - 935, 31.12.2019
https://doi.org/10.30798/makuiibf.569498

Abstract

Ekonomik büyüme bir ekonominin
üretim kapasitesinin uzun dönemli genişlemesi olarak tanımlanmaktadır. Ekonomik
büyüme sonucu bir ülkenin iktisadi, sosyal ve kültürel yapısında önemli
değişimler meydana gelebilmektedir. Bu bağlamda, büyüme kavramının gelişim
süreci tarih boyunca iktisatçıların, araştırmacıların, politika yapıcıların ve
hatta hanehalklarının ilgisini çekmiştir. Ekonomi yazınında bu kavram önce
tarım devrimi daha sonra sanayi devrimi ile ilişkilendirilmiştir. 20. yüzyılın
son çeyreğinde bilgi ve teknoloji öncülüğünde gerçekleşen üçüncü bir devrimin
temelleri atılmaktadır. Geleneksel üretim faktörleri emek ve sermayenin yanında
bilgiyi de kullanan ekonomiler büyüme adına bir adım öne geçmektedir.

Bu çalışmanın amacı bilgi, teknoloji
ve yeniliğin ön planda olduğu bilgi ekonomisi bileşenleri ile ekonomik
performans arasındaki ilişkileri incelemek ve bu bağlamda Türkiye ile AB
ülkeleri arasında karşılaştırma yapmaktır. Çalışmada, Dünya Bankası KAM
metodolojisi Custom Scorecards’ da yer alan 7 temel başlıktaki seçilmiş bilgi
ekonomisi bileşenlerinin ekonomik performans üzerindeki etkileri incelenmiştir.
28 AB üyesi ülke ve uzun yıllardır bu birliğe dahil olmak isteyen Türkiye’nin
1998-2017 dönemi verileri ile panel veri analizi gerçekleştirilmiştir.





Analiz sonuçlarına göre, çalışmada kullanılan
bilgi ekonomisi bileşenlerinden sermaye, emek, ihracat, Ar-Ge harcamaları,
eğitim harcamaları ve kamu etkinliği değişkenlerinin ekonomik performansı
olumlu etkilediği tespit edilmiştir. Ayrıca ekonomik performans açısından kadın
işgücü ve cep telefonu abonelikleri değişkenleri hariç diğer bilgi ekonomisi
bileşenlerinin AB ülkelerinde daha etkili ve verimli olduğu tespit edilmiştir.

References

  • ARELLANO, M., STEPHAN, B. (1991), Some Tests of Specification for Panel Data: Monte Carlo Evidence and an Application to Employment Equations, The Review of Economic Studies, 58(2),s. 277-297
  • BATAGAN, L. (2007), Indicators for Knowledge Economy, Revista Informatica Economica, 4(44), s. 60-63.
  • BELL, D. (1999), The Coming of Post-Industrial Society, Basic Books, Newyork.
  • BOSKIN, M. J., LAU, L. J. (2000), Generalized Solow – Neutrical Technical Progress and Postwar Economic Growth, NBER Working Paper No: 8023, National Bureau of Economic Research, No:8023, s. 1-39.
  • BURKE, P. (2008), Social History of Knowledge, Blackwell Publishers, Cambridge: Polity.
  • COE, D. H. E. (1995), International R&D spillovers, European Economic Review, 39(5), s. 859-887.
  • COLECCHIA, A., SCHREYER, P. (2002), ICT Investment and Economic Growth in the 1990s: Is the United States a Unique Case? A Comparative Study of Nine OECD Countries”, Review of Economic Dynamics, (5)2, s. 408-442.
  • DAVID, P. FORAY, D. (2003), Economic Fundamentals of the Knowledge Society, Policy Futures in Education, (1)1, s. 20-49.
  • DRUCKER, P. The Next Society, 2001, 17 Ocak 2018 tarihinde https://www.economist.com/node/770819, sitesinden alınmıştır.
  • EATON, J., KORTUM, S. (1994), International Patenting and Technology Diffusion, NBER Working Paper No: 4931, s. 1-42.
  • FALK, M. (2007), R&D Spending in the High-Tech Sector and Economic Growth, Research in Economics, (61)3, 2007, s. 140-147.
  • FEDDERKE, J. (2001), Technology, Human Capital and Growth: Evidence from a Middle Income Country Case Study Applying Dynamic Heterogeneous Panel Analysis, Trade and Industrial Policy Strategies, Annual Forum, s. 1-36.
  • GITTLEMAN, M., WOLFF, E. (1995), R&D Activity and Cross Country Growth Comparisons, Cambridge Journal of Economics, 19(1), s. 189-207.
  • GODIN, B. (2008), The Knowledge Economy: Fritz Machlup’s Construction of Synthetic Concept”, Project on the History and Sociology of S&T Statistics, Working Paper No: 37, s. 1-33.
  • GOEL, R. K., RAM, R. (1994), “Research and Development Expenditures and Economic Growth: A Cross-Country Study”, Economic Development and Cultural Change, 42(2), s. 403-411.
  • GOEL, R. K., PAYNE, J., RAM, R. (2008), R&D Expenditures and U.S. Economic Growth: A Disaggregated Approach, Journal of Policy Modeling, (30)2, s. 237–250.
  • GÜLMEZ, A., AKPOLAT, A. G. (2014), Ar-Ge & İnovasyon ve Ekonomik Büyüme Türkiye ve AB Örneği İçin Dinamik Panel Veri Analizi, AİBÜ Sosyal Bilimler Enstitüsü Dergisi, 14(14), s.1-17.
  • JALAVA, J., POHJOLA, M. (2007), ICT as a Source of Output and Productivity Growth in Finland”, Helsinki Center of Economic Research, Discussion Paper No. 52, s.1-11.
  • JONES, I., C. (1995), Time Series Tests of Endogenous Growth Models, The Quarterly Journal of Economics, (110)2, 1995, s. 495-525.
  • JORGENSON, W., D., STIROH, J., K. (2000), Raising the Speed Limit: U.S. Economic Growth in The Information Age, OECD Economics Department Working Papers No. 261, s. 1-78.
  • KARAGIANNIS, S. (2007), The Knowledge-Based Economy, Convergence and Economic Growth: Evidence from the European Union, Centre of Planning and Economic Research Discussion Papers, No: 91, s. 1-40.
  • LICHTENBERG, F. (1993), R&D Investment and International Productivity Differences, NBER Working Paper No: 4161, s. 1-37.
  • LUNDVALL, B., JOHNSON, B. (1994), The Learning Economy, Journal of Industry Studies, (1)2, s.23-42.
  • MACHLUP, F. (1962), The Production and Distribution of Knowledge in the United States, Princeton University Press.
  • MAS, M., QUESADA, J. (2005), ICT and Economic Growth in Spain: 1985-2002, Munich Personal RePEc Archive (MPRA), Paper No. 15823, s. 1-58.
  • MOON, S-W, KIM, Y., HONG, D-P, (2005), The Economic Importance of The Information Communications Technology Industry in Korea: A CGE Approach, 03.08.2018 tarihinde http://www.copsmodels.com/2000gtapconf/51yongkyu.pdf sitesinden alınmıştır.
  • OLINER, S., SICHEL, D. (1994), Computers and Output Growth Revisited: How Big Is the Puzzle?, Brookings Papers on Economic Activity, (25)2, s. 273-334.
  • ÖZSAĞIR, A. (2016), Bilgi Ekonomisi, Seçkin Yayıncılık, Ankara.
  • PIATKOWSKI, M. (2003), The Contribution of ICT Investment to Economic Growth and Labor Productivity in Poland 1995–2000, TIGER Working Paper Series, No.43, s.1–23.
  • POHJOLA, M. (2000), Information Technology and Economic Growth: A Cross-Country Analysis, United Nations University/World Institute for Development Economics Research (UNU/WIDER) Working Papers No. 173, s. 1-17.
  • POHJOLA, M. (2002), New Economy in Growth and Development, Oxford Review of Economic Policy, (18)3, s. 380-396.
  • POORFARAJ, A., SAMIMI, A. J., KESHAVARZ, H. (2011), Knowledge and Economic Growth: Evidence from Some Developing Countries, Journal of Education and Vocational Research, (1)1, s. 21-25.
  • PORAT, M., U. (1977), The Information Economy: Definition and Measurement, Office of Telecommunications, Washington D.C.
  • POWELL, W., W., SNELLMAN, K. (2004), The Knowledge Economy, Annual Review by Sociology, (30), s.199-220.
  • SAKURAI, N., IOANNIDIS, E., PAPACONSTANTİNOU, G. (1996), The Impact of R&D and Technology Diffusion on Productivity Growth: Evidence for 10 OECD Countries in the 1970s and 1980s”, OECD Science, Technology and Industry Working Paper No.2, s. 1-59.
  • SCHREYER, P. (2000), The Contribution of Information and Communication Technology to Output Growth: A Study of the G-7 Countries”, OECD Science, Technology and Industry Working Papers No.2, s. 1-23.
  • SEREN-FREİRE, M. J. (2001), R&D Expenditure in an Endogenous Growth Model”, Journal of Economics, (74)1, s. 39-62.
  • SILAGHI P., M., I, ALEXA, D., JUDE, C., LITAN, C. (2013), Do Business and Public Sector Research and Development Expenditures Contribute to Economic Growth in Central and Eastern European Countries? A Dynamic Panel Estimation”, Economic Modelling, Elsevier, (36) C, s. 108-119.
  • SMITH, A. (1776)1904, An Inquiry Into The Nature and Causes of The Wealth Of Nations, Edited with an Introduction, Notes, Marginal Summary and an Enlarged Index by Edwin Cannan, London Methuen.
  • TATOĞLU, Y. F. (2018), İleri Panel Veri Analizi Stata Uygulamalı, Beta Yayınevi, İstanbul.
  • TOFFLER, A. (2008), Üçüncü Dalga, Çeviren: Selim Yeniçeri, 1. Baskı, Koridor Yayıncılık, İstanbul.
  • TÜREDİ, S. (2013), Bilgi ve İletişim Teknolojilerinin Ekonomik Büyümeye Etkisi Gelişmiş ve Gelişmekte Olan Ülkeler İçin Panel Veri Analizi, Gümüşhane Üniversitesi Sosyal Bilimler Elektronik Dergisi, (7), s.298-322.
  • WANG, D. H-M, YU T., H-K, HONG Q-L. (2013), Heterogeneous Effect of High-Tech Industrial R&D Spending on Economic Growth”, Journal of Business Research, (66)10, s. 1990-1993.
  • World Bank (2007), Building Knowledge Economies, Advanced Strategies for Development, Washington, D.C.
There are 44 citations in total.

Details

Primary Language Turkish
Journal Section Research Articles
Authors

Hasan Önder Sarıdoğan 0000-0002-6463-4681

Muhammed Veysel Kaya 0000-0001-9322-1694

Publication Date December 31, 2019
Submission Date May 23, 2019
Published in Issue Year 2019 Volume: 6 Issue: 3

Cite

APA Sarıdoğan, H. Ö., & Kaya, M. V. (2019). BİLGİ EKONOMİSİ VE EKONOMİK PERFORMANS: TÜRKİYE VE AVRUPA BİRLİĞİ KARŞILAŞTIRMASI. Journal of Mehmet Akif Ersoy University Economics and Administrative Sciences Faculty, 6(3), 916-935. https://doi.org/10.30798/makuiibf.569498