EitherEconomize on Knowledge orCapitalizeon Intellectuality:Educational ChallengesforEconomicGrowthin the Turkish Republic ofNorthern Cyprus

Year 2016, Volume: 30 Issue: 2, 166 - 184, 01.04.2016

Behiye Çavuşoğlu Mustafa Sağsan

Abstract

Intellectual capital appears as the most important component of knowledge economy. It is very wellknown in the knowledge management literature that knowledge has become an engine of social, economic and cultural development in today’s world. Thus, education is a vitalfactor for the accumulation of intellectual capital to reach economic growth. There are thirteen universities in the Turkish Republic of Northern Cyprus TRNC , and higher education is a major sector. Income generatedfrom the education sector as well as the accelerating number of universities are two important factors which TRNC government should pay attentionto in regards to education and knowledge creation activities.Thestudy aims to emphasize the importance of knowledge economy and to create both public and government awareness particularly for TRNC and for other small economies as well. The Engle-Granger Causality test in VAR model was used to analyse the causal between education and economic growth in TRNC and the results indicate a positiveimpact of knowledge economy variables on the economy’s productivity level. Literacy rate,generaland technical high school enrolment rate and higher education enrolment rate isEntelektüalite Üzerine usedas knowledge economy variables. Furthermore, the extended Cobb-Douglas production function is appliedfor the 1977-2010 period and emphasizes the increasing returns to scale in production process within a given period in TRNC. Overall results show that the TRNC economyhas a potential to become a knowledge economy

Keywords

Knowledge economy, intellectual capital, education, Engle-Granger causality test, Cobb-Douglasproduction function, economic growth, Turkish Republic of Northern Cyprus

Ya Bilgi Üzerine İktisadileş ya da Entelektüalite Üzerine Sermayeleş: Kuzey Kıbrıs Türk Cumhuriyeti’nde Ekonomik Büyüme için Eğitime Yönelik Bir Araştırma

Abstract

Entelektüel sermaye, bilgi ekonomisinin en önemli unsurlarından birisidir. Bilgi yönetimiliteratüründe entelektüel sermaye ekonomik ve kültürel kalkınma açısından önemli faktörlerdenbiri olarak kabul edilmektedir. Bu nedenle, entelektüel sermaye birikimini oluşturan eğitim,ekonomik büyümenin vazgeçilmez bir değişkenidir. Kuzey Kıbrıs Türk Cumhuriyeti KKTC ’nde eğitim, adada on üç üniversite olması sebebi ile ekonomik büyüme için önem teşkiletmekte, hükümetler tarafından öncü sektör olarak adlandırılmaktadır.Bu çalışma KKTC’nde bilgi ekonomisinin önemini vurgulayarak vatandaşların vedevletin bu konudaki farkındalığını artırmayı amaçlamaktadır. Söz konusu farkındalığınoluşabilmesi için, öncelikle bilgi ekonomisi değişkenlerinin ekonomik büyümeye olan etkisiölçülmüş, Engle-Granger nedensellik testi kullanılarak bilgi ekonomisi değişkenlerininbüyümeye neden olup olmadığı araştırılmıştır. Bu bağlamda okuryazarlık oranı, genel ve teknikliselere katılım oranı ve yükseköğretime katılım oranı bilgi ekonomisi değişkenleri olarakkullanılmıştır. Geliştirilmiş Cobb-Douglas üretim fonksiyonuyla geleneksel üretimfaktörlerinin yanı sıra, entelektüel sermayenin üretim sürecindeki etkisi 1977-2010 yılları içinölçülmüş ve üretimde artan verimin ekonomik büyümeye olan etkisi vurgulanmıştır. MakaledeKKTC ekonomisinin bilgi ekonomisi karakterini taşıyıp taşımadığı, kurulan model ve yapılantestler aracılığıyla denetlenmiş ve KKTC ekonomisinin bilgi ekonomisi olma yolundapotansiyeli olduğu sonucuna varılmıştır.

Keywords

Bilgi ekonomisi, entelektüel sermaye, eğitim, Engle-Granger nedensellik testi, Cobb-Douglas üretim fonksiyonu, ekonomik büyüme, Kuzey Kıbrıs Türk Cumhuriyeti.

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