ANALYSIS OF THE RELATIONSHIP BETWEEN R&D EXPENDITURE AND ECONOMIC GROWTH: A CASE OF BRIMC COUNTRIES

Funda H. Sezgä°n () and Barış Erkan Yazici ()
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Funda H. Sezgä°n: Ä°stanbul Ãœniversitesi, Mühendislik Fakültesi, Endüstri MühendisliÄŸi Bölümü
Barış Erkan Yazici: İstanbul Üniversitesi, İktisat Fakültesi, Sosyal Bilimler Enstitüsü

Eurasian Eononometrics, Statistics and Emprical Economics Journal, 2016, vol. 4, issue 4, 1-16

Abstract: In the global competitive environment, where international borders have been abolished and multilateral liberalization process and economic cycles are experienced, also a number of changes have occurred in determinants of growth. Research and development activity (R&D) as an impulsive force of economic growth has a leading role in the economic structures of countries. R&D sector contributes to the economic growth by creating externality via increasing returns in endogenous growth models. This study aims to test if the predictions of the R&D models are valid for BRIMC countries by using the annual data for the period 2005-2014. The results of whole panel data indicate that R&D expenditures affects economic growth positively.

Date: 2016
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Persistent link: https://EconPapers.repec.org/RePEc:eas:econst:v:4:y:2016:i:4:p:1-16

DOI: 10.17740/eas.stat.2016�V4�01

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