The Determinants of R&D Expenditure in Turkish Manufacturing Industry

Umut Erksan ÅžENALP

Fiscaoeconomia, 2021, issue 3

Abstract: The aim of this study is to analyze the determinants of research and development decision (R&D) of Turkish firms operating in the manufacturing industry. In this paper, we use three different firm-level datasets provided by Turkish Statistical Institute: R&D Activities Survey, Annual Industry and Service Statistics, and Annual Business Registration Framework. By merging these datasets, we obtained a panel covering the period between 2003 and 2015 and examined the effects of firm size and some firm characteristics on the R&D investment decision. We show that the increase in the size of the firm (turnover or number of employees) increases the possibility of engaging in R&D activities, regardless of how we measure the firm size.

Keywords: R&D; Manufacturing; Panel Data; Firm Size; Firm-level Data (search for similar items in EconPapers)
JEL-codes: C23 C83 L60 O32 (search for similar items in EconPapers)
Date: 2021
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Persistent link: https://EconPapers.repec.org/RePEc:fis:journl:210304

DOI: 10.25295/fsecon.943757

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