OECD ÜLKELERİ ÖRNEĞİNDE AR-GE HARCAMALARININ EKONOMİK BÜYÜME ÜZERİNDEKİ ETKİSİ

Year 2023, Volume: 12 Issue: 2, 241 - 252, 23.06.2023

Aykut Ekinci , Zeynep Koçak Muhammed Benli

Abstract

Bu çalışmada, 35 OECD ülkesi özelinde Ar-Ge harcamalarının ekonomik büyüme üzerindeki etkisi tespit edilmeye çalışılmıştır. Bu amaçla 2000 – 2020 dönemine ilişkin veriler statik panel veri modelleri aracılığıyla incelenmiştir. Spesifik olarak sabit etki ve rassal etki modellerinin kullanıldığı analizlerden elde edilen ampirik bulgular, Ar-Ge harcamalarının incelenen ülkeler ve dönem itibarıyla ekonomik büyümeyi pozitif olarak etkilediğini göstermektedir. Ancak Ar-Ge harcamalarının artırılma kararı en nihayetinde kompleks bir politika sorusu olup Ar-Ge harcamaları ve iktisadi büyüme arasındaki ilişkinin kurumların kalitesi, beşeri sermaye düzeyi, inovasyon politikalarının etkinliği gibi birçok faktör tarafından etkilediğini unutmamak gerekir. Nitekim bazı durumlarda Ar-Ge harcamaları ekonomik büyümeyi hızlandırmak amacına hizmet eden en etkili yol olmayabilir

Keywords

Ar-Ge Harcamaları, Ekonomik Büyüme, Panel Veri Analizi

THE EFFECT OF R&D EXPENDITURES ON ECONOMIC GROWTH IN THE SAMPLE OF OECD COUNTRIES

Abstract

In this study, we attempt to determine the effect of R&D expenditures on economic growth in 35 OECD countries. For this purpose, we examine the data for the period 2000 – 2020 employing static panel data models. Empirical findings obtained from the analyzes using fixed effect and random effect models show that R&D expenditures positively affect economic growth in our sample of countries for the period under consideration. However, the decision to increase R&D expenditures is ultimately a complex policy question, and it should not be forgotten that the relationship between R&D expenditures and economic growth is influenced by many factors such as the quality of institutions, the level of human capital, and the effectiveness of innovation policies. Indeed, in some cases, R&D expenditures may not be the most effective way to boost economic growth.

Keywords

R&D Expenditures, Economic Growth, Panel Data Analysis

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