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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

References

  • ALAM, M. J., & UDDIN, M. M. (2016). The impact of R&D expenditure on economic growth of Bangladesh: An econometric analysis. Journal of the Bangladesh Agricultural University, 14(1), 49-56. doi:10.3329/jbau.v14i1.29475
  • ALAM, M. J., AL MAMUN, M. A., & JAAFAR, M. (2019). The impact of R&D investments on economic growth in South Asia. Journal of Economic Structures, 8(1), 4. doi:10.1186/s40008-019-0142-4
  • ALPER, F. O. (2019). Ekonomik büyümenin belirleyicileri: Yapısal kırılmalar altında Türkiye örneği. Fiscaoeconomia, 3(1), 202-227.
  • ALVAREZ, R., & CRESPI, G. (2018). The role of R&D in the productivity growth of Latin American and Caribbean firms. World Development, 105, 336-351. doi:10.1016/j.worlddev.2017.12.011
  • ARCHIBUGI, D., & COCO, A. (2004). A new indicator of technological capabilities for developed and developing countries (ArCo). World Development, 32(4), 629-654. doi:10.1016/j.worlddev.2003.11.009
  • AZAM, M., KHAN, M. A., & ALAM, M. J. (2020). Does R&D investment matter for economic growth in selected African countries? Economic Research-Ekonomska Istraživanja, 33(1), 140-158. doi:10.1080/1331677X.2020.1715082
  • BALTAGI, B. H. (2001). Econometric Analysis of Panel Data (Second Edition b.). John Wiley & Sons Ltd.
  • CORRADO, C., HASKEL, J., & JONA-LASINIO, C. (2017). Knowledge spillovers, ICT and productivity growth. Review of Economics and Statistics, 99(4), 678-691. doi:10.1162/REST_a_00616
  • DO, Q. T., & NGUYEN, H. K. (2021). The impact of R&D expenditures on economic growth in OECD countries. Journal of Economic Structures, 10(1), 20. doi:10.1186/s40008-021-00231-1
  • GHOSH, S., & DE, D. (2014). Impact of R&D expenditure on economic growth in India: A causality analysis. Journal of Applied Economics and Business Research, 4(3), 172-189. doi:10.18533/journal.v4i3.430
  • GRALKA, S. (2019). R&D expenditures and economic growth in the OECD countries. Acta Oeconomica, 69(1), 115-138. doi:10.1556/032.2019.69.1.6
  • GREENE, W. H. (2012). Econometric Analysis (7th Edition b.). Upper Saddle River: Prentice- Hall.
  • GU, H., & LU, W. (2019). The impact of R&D investment on China's economic growth. Sustainability, 11(18), 4854. doi:10.3390/su11184854
  • GUELLEC, D., & POTTELSBERGHE, B. V. P. (2002). R&D and productivity growth: panel data analysis of 16 OECD countries. OECD Economic studies, 2001(2), 103-126. doi:10.1787/eco_studies-v2001-art12-en
  • GUJARATI, N. D. (2003). Basic Econometrics (Fourth Edition b.). New York: McGraw Hill Educations.
  • HAN, S., & PARK, C. (2018). The role of R&D investment in economic growth: The case of OECD countries. Journal of Open Innovation: Technology, Market, and Complexity, 4(4), 52. doi:10.3390/joitmc4040052
  • KÖSEOĞLU, M. A., & ŞENGÜL, A. T. (2018). Research and development investments and economic growth nexus: Empirical evidence from Turkey. International Journal of Economics and Financial Issues, 8(1), 256-263.
  • LEE, S. H., & KIM, S. (2019). The impact of R&D investment on economic growth: Evidence from Korea. Sustainability, 11(6), 1576. doi:10.3390/su11061576
  • MEÇİK, O. (2014). Ar-Ge Harcamalarının Ekonomik Gelişmişlik Üzerindeki Etkileri. Journal Of International Social Research, 7(32), 669-674
  • OECD. (2002). Frascati Kılavuzu: Araştırma ve Deneysel Geliştirme Taramaları için Önerilen Standart Uygulama. OECD Yayıncılık.
  • ÖZCAN, S. K., & ÜLENGİN, F. (2012). The role of research and development (R&D) investments on the economic growth of Turkey: An empirical analysis. European Planning Studies, 20(9), 1501-1518. doi:10.1080/09654313.2012.705235
  • PAZARLIOĞLU, M. V., & GÜRLER, Ö. K. (2007). Telekomünikasyon yatırımları ve ekonomik büyüme: Panel veri yaklaşımı. Finans Politik ve Ekonomik Yorumlar, 44(508), 35-43.
  • SÁNCHEZ-ROMERO, M., & PRIMO-PÉREZ, C. (2021). Does R&D spending improve income inequality in OECD countries? A panel data analysis. Economic Modelling, 99, 23-34. doi:10.1016/j.econmod.2021.03.012
  • WANG, C., LI, K., & CHEN, J. (2019). The impact of R&D investment on China's economic growth: Empirical evidence from 1995 to 2015. Sustainability, 11(5), 1363. doi:10.3390/su11051363

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

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

Aykut Ekinci Zeynep Koçak Muhammed Benli

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

References

  • ALAM, M. J., & UDDIN, M. M. (2016). The impact of R&D expenditure on economic growth of Bangladesh: An econometric analysis. Journal of the Bangladesh Agricultural University, 14(1), 49-56. doi:10.3329/jbau.v14i1.29475
  • ALAM, M. J., AL MAMUN, M. A., & JAAFAR, M. (2019). The impact of R&D investments on economic growth in South Asia. Journal of Economic Structures, 8(1), 4. doi:10.1186/s40008-019-0142-4
  • ALPER, F. O. (2019). Ekonomik büyümenin belirleyicileri: Yapısal kırılmalar altında Türkiye örneği. Fiscaoeconomia, 3(1), 202-227.
  • ALVAREZ, R., & CRESPI, G. (2018). The role of R&D in the productivity growth of Latin American and Caribbean firms. World Development, 105, 336-351. doi:10.1016/j.worlddev.2017.12.011
  • ARCHIBUGI, D., & COCO, A. (2004). A new indicator of technological capabilities for developed and developing countries (ArCo). World Development, 32(4), 629-654. doi:10.1016/j.worlddev.2003.11.009
  • AZAM, M., KHAN, M. A., & ALAM, M. J. (2020). Does R&D investment matter for economic growth in selected African countries? Economic Research-Ekonomska Istraživanja, 33(1), 140-158. doi:10.1080/1331677X.2020.1715082
  • BALTAGI, B. H. (2001). Econometric Analysis of Panel Data (Second Edition b.). John Wiley & Sons Ltd.
  • CORRADO, C., HASKEL, J., & JONA-LASINIO, C. (2017). Knowledge spillovers, ICT and productivity growth. Review of Economics and Statistics, 99(4), 678-691. doi:10.1162/REST_a_00616
  • DO, Q. T., & NGUYEN, H. K. (2021). The impact of R&D expenditures on economic growth in OECD countries. Journal of Economic Structures, 10(1), 20. doi:10.1186/s40008-021-00231-1
  • GHOSH, S., & DE, D. (2014). Impact of R&D expenditure on economic growth in India: A causality analysis. Journal of Applied Economics and Business Research, 4(3), 172-189. doi:10.18533/journal.v4i3.430
  • GRALKA, S. (2019). R&D expenditures and economic growth in the OECD countries. Acta Oeconomica, 69(1), 115-138. doi:10.1556/032.2019.69.1.6
  • GREENE, W. H. (2012). Econometric Analysis (7th Edition b.). Upper Saddle River: Prentice- Hall.
  • GU, H., & LU, W. (2019). The impact of R&D investment on China's economic growth. Sustainability, 11(18), 4854. doi:10.3390/su11184854
  • GUELLEC, D., & POTTELSBERGHE, B. V. P. (2002). R&D and productivity growth: panel data analysis of 16 OECD countries. OECD Economic studies, 2001(2), 103-126. doi:10.1787/eco_studies-v2001-art12-en
  • GUJARATI, N. D. (2003). Basic Econometrics (Fourth Edition b.). New York: McGraw Hill Educations.
  • HAN, S., & PARK, C. (2018). The role of R&D investment in economic growth: The case of OECD countries. Journal of Open Innovation: Technology, Market, and Complexity, 4(4), 52. doi:10.3390/joitmc4040052
  • KÖSEOĞLU, M. A., & ŞENGÜL, A. T. (2018). Research and development investments and economic growth nexus: Empirical evidence from Turkey. International Journal of Economics and Financial Issues, 8(1), 256-263.
  • LEE, S. H., & KIM, S. (2019). The impact of R&D investment on economic growth: Evidence from Korea. Sustainability, 11(6), 1576. doi:10.3390/su11061576
  • MEÇİK, O. (2014). Ar-Ge Harcamalarının Ekonomik Gelişmişlik Üzerindeki Etkileri. Journal Of International Social Research, 7(32), 669-674
  • OECD. (2002). Frascati Kılavuzu: Araştırma ve Deneysel Geliştirme Taramaları için Önerilen Standart Uygulama. OECD Yayıncılık.
  • ÖZCAN, S. K., & ÜLENGİN, F. (2012). The role of research and development (R&D) investments on the economic growth of Turkey: An empirical analysis. European Planning Studies, 20(9), 1501-1518. doi:10.1080/09654313.2012.705235
  • PAZARLIOĞLU, M. V., & GÜRLER, Ö. K. (2007). Telekomünikasyon yatırımları ve ekonomik büyüme: Panel veri yaklaşımı. Finans Politik ve Ekonomik Yorumlar, 44(508), 35-43.
  • SÁNCHEZ-ROMERO, M., & PRIMO-PÉREZ, C. (2021). Does R&D spending improve income inequality in OECD countries? A panel data analysis. Economic Modelling, 99, 23-34. doi:10.1016/j.econmod.2021.03.012
  • WANG, C., LI, K., & CHEN, J. (2019). The impact of R&D investment on China's economic growth: Empirical evidence from 1995 to 2015. Sustainability, 11(5), 1363. doi:10.3390/su11051363
There are 24 citations in total.

Details

Primary Language Turkish
Subjects Growth
Journal Section Articles
Authors

Aykut Ekinci

Zeynep Koçak This is me

Muhammed Benli

Publication Date June 23, 2023
Published in Issue Year 2023 Volume: 12 Issue: 2

Cite

APA Ekinci, A., Koçak, Z., & Benli, M. (2023). OECD ÜLKELERİ ÖRNEĞİNDE AR-GE HARCAMALARININ EKONOMİK BÜYÜME ÜZERİNDEKİ ETKİSİ. Sakarya İktisat Dergisi, 12(2), 241-252.

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