RETURNS TO INNOVATION AND GROWTH: A PANEL DATA APPROACH FOR MIDDLE INCOME COUNTRIES

Year 2018, Prof. Dr. Harun TERZI Special Issue, 243 - 256, 19.09.2018

Çiydem Çatak , Elif Nuroğlu

https://doi.org/10.18092/ulikidince.433726

Abstract

Bu çalışmanın amacı, gayri safi yurtiçi hasılanın büyümesi
ile inovasyona bağlı faaliyetler arasındaki ilişkiyi araştırmaktır. 2012-2016
yılları arasında 5 yıllık süreyi kapsayan sekiz orta gelirli ülkenin dahil
edildiği bir örneklem üzerinde panel veri analizi yapılmıştır. Araştırmanın
bulguları, eğitim harcamaları, fen ve mühendislik mezunları, bilgiye dayalı
istihdam, bilimsel ve teknik makaleler, nüfus ve doğrudan yabancı yatırımların
büyümeye pozitif etki ettiğini göstermektedir. Bu nedenle, orta gelirli
ülkelerde inovasyon ile ilgili faaliyetler ve ekonomik büyüme arasında güçlü
bir ilişki olduğu sonucuna varılmıştır. Orta gelirli ülkelerin, gelirlerini
daha yüksek seviyelere çıkarabilmek için AR-GE ve inovasyona daha fazla
odaklanmaları önerilmektedir.

Keywords

Ekonomik Büyüme, AR-GE, İnovasyon, Orta Gelirli Ülkeler

RETURNS TO INNOVATION AND GROWTH: A PANEL DATA APPROACH FOR MIDDLE INCOME COUNTRIES

Abstract

This paper attempts to investigate
the relationship between the growth of gross domestic product and innovation
related activities. A panel data analysis
is conducted on a sample of eight middle-income
countries covering 5-year time period from 2012-2016. The major findings of the
study show a significant positive impact of expenditure on education, graduates
in science and engineering, knowledge intensive employment, scientific and
technical articles, population and foreign direct investments on the growth of gross
domestic product. Hence, we conclude that there is a strong relation between
innovation-related activities and economic growth in middle-income countries.
Therefore, we suggest that middle-income countries should focus more on R&D
and innovation related activities to grow and change their income status to
higher income levels.

Keywords

Economic Growth, Research and Development, Innovation, Middle-Income Countries

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