R&D Expenditures and Economic Growth Relationship in Turkey

Cuma Bozkurt
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Cuma Bozkurt: Department of Economics, The Faculty of Economics and Administrative Sciences, Gaziantep University, Gaziantep, Turkey.

International Journal of Economics and Financial Issues, 2015, vol. 5, issue 1, 188-198

Abstract: In today's world, globalization has reached to such an extent that, investment in information and technology is inevitable to be integrated with global system and increase competitive power. Therefore, R&D investments are of high importance and priority for growth process of economy. This paper investigates the long-run relationship between R&D expenditure and economic growth using the Johansen co-integration and the vector error correction models. The research findings indicate that there is a unidirectional causal relationship running from economic growth to R&D. the long-run coefficients for the variable R&D is strongly statistically significant and has positive value. The growth rate of GDP will increase 0, 2630% if R&D shares in the GDP increases 1%.

Keywords: R&D Expenditures; Economic Growth; Turkey; Co-integration (search for similar items in EconPapers)
JEL-codes: F43 O30 O32 O40 (search for similar items in EconPapers)
Date: 2015
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Citations: View citations in EconPapers (14)

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Persistent link: https://EconPapers.repec.org/RePEc:eco:journ1:2015-01-15

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