Investigation of the Effect of R&D, Education and Health Expenditures on Economic Growth by Panel Data Analysis Method

Year 2021, Volume: 29 Issue: 50, 95 - 108, 31.10.2021

Durmuş Gökkaya , Osman Şenol , Ümit Çıraklı

https://doi.org/10.17233/sosyoekonomi.2021.04.05

Cited By: 2

Abstract

This study aims to reveal the effects of R&D, education, and health expenditures on economic development. For this purpose, the study examines the 2000-2019 data of 45 countries in the middle-upper-income and high-income country groups by panel data analysis method. Errors encountered in panel data basic assumption tests were corrected with Driscoll-Kraay standard errors. As a result, it has been determined that a one-unit increase in education and health expenditures contributes more to economic growth than one unit. In contrast, R&D expenditures have a minor positive effect on economic growth in the short run but more in the long run.

Keywords

R&D, Economic Growth, Education Expenditure, Health Expenditure, Panel Data Analysis

Ar-Ge, Eğitim ve Sağlık Harcamalarının Ekonomik Büyüme Üzerindeki Etkisinin Panel Veri Analizi Yöntemiyle Değerlendirilmesi

Abstract

Bu çalışma Ar-Ge, eğitim ve sağlık harcamalarının ekonomik gelişme üzerinde etkileri ortaya koymayı amaçlamaktadır. Bu amaçla çalışma orta-üst gelir ve yüksek gelirli ülke gruplarında yer alan 45 ülkenin 2000-2019 verilerini panel veri analiz yöntemi ile incelemektedir. Panel veri temel varsayım testleri sonucu karşılaşılan hatalar Driscool-Kraay standart hatalar ile düzeltmiştir. Çalışma sonucunda eğitim ve sağlık harcamalarındaki bir birimlik artışın ekonomik büyümeye bir birimden daha fazla katkı sağladığı, Ar-Ge harcamalarının ise ekonomik büyüme üzerinde kısa vadede pozitif etkisi az iken, uzun vadede daha fazla olduğu belirlenmiştir.

Keywords

Ar-Ge, Ekonomik Büyüme, Eğitim Harcaması, Sağlık Harcaması, Panel Veri Analizi

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