RELATIONSHIP BETWEEN R&D EXPENDITURES AND ECONOMIC GROWTH: AN EVALUATION ON TURKEY

Deniz Dilara Derelä° () and UÄŸur SALÄžAR ()
Additional contact information
Deniz Dilara Derelä°: Ä°stanbul Kültür University
UÄŸur SALÄžAR: Ä°stanbul University

JOURNAL OF LIFE ECONOMICS, 2019, vol. 6, issue 3, 345-360

Abstract: By R&D activities carried out under newly-emerging economic conditions stimulated by the globalization process, it is possible to increase the production of high value added products. For this reason, the shares allocated for R&D and expenditures are considered as an important factor in the realization and acceleration of growth. In this study, the relationship between R&D expenditures and growth in Turkey is analysed. For this purpose, the R&D expenditures during the period 1990-2015 and gross domestic production in Turkey are comparatively evaluated. In the long term, the cointegration relationship between R&D expenditures and growth is determined by Johansen Cointegration Analysis. Also a mutual causality relationship is demonstrated between R&D expenditures and growth.

Keywords: R&D Expenditures; Growth; Cointegration Analysis; Causality Analysis (search for similar items in EconPapers)
JEL-codes: O11 O30 O40 (search for similar items in EconPapers)
Date: 2019
References: Add references at CitEc
Citations:

Downloads: (external link)
https://www.ratingacademy.com.tr/ojs/index.php/jlecon/article/view/752/520 (text/html)

Related works:
This item may be available elsewhere in EconPapers: Search for items with the same title.

Export reference: BibTeX RIS (EndNote, ProCite, RefMan) HTML/Text

Persistent link: https://EconPapers.repec.org/RePEc:jle:journl:v:6:y:2019:i:3:p:345-360

DOI: 10.15637/jlecon.6.021

Access Statistics for this article

JOURNAL OF LIFE ECONOMICS is currently edited by Ozge Uysal SAHIN

More articles in JOURNAL OF LIFE ECONOMICS from Holistence Publications
Bibliographic data for series maintained by Mehmet ÅžAHÄ°N ().