Türkiye Ekonomisi Icin Beseri Sermaye ve Bilgi Sermayesi Birikimine Dayalý Bir Icsel Buyume Modeli

Erinc Yeldan

Ekonomi-tek - International Economics Journal, 2012, vol. 1, issue 2, 2 1-60

Abstract: The main objective of this research is to analyze and assess the interactions among knowledge-driven growth, acquisition of human capital, and strategic public policymaking for the Turkish economy within the context of a general equilibrium model. This model aims to investigate those policies that are considered to foster the development of human capital (such as investments in education) and enhance total factor productivity through direct investments in fixed capital and innovation (such as subsidies for R&D activities). Through this model, we seek answers to the following question: for a government with significant budgetary constraints, which type of public subsidization policies are more conducive to enhancing economic growth and capital accumulation: promotion of human capital formation through subsidies to education, or promotion of new R&D advances through subsidies for R&D activities? According to the model findings, a single-focus strategy of subsidizing only the education sector in order to promote human capital formation falls short of achieving desirable growth in the medium to long run. In fact, the growth and welfare results will be disappointingly weak unless increased human capital leads to a rise in the number of research personnel employed in the R&D sector. That being the case, it can be argued that public policy should be directed toward R&D promotion in the medium to long term, to complement an emphasis on education that is aimed at sustaining human capital formation. Bu çalýsmanýn amacý Türkiye ekonomisinin dinamiklerinin orta-uzun dönemdeizlenmesine olanak saðlayacak bir içsel büyüme modeli kurgulamaktýr. Model, büyümenin kaynaklarýný, beseri sermaye birikimi ve bilgi sermayesi (Ar-Ge) birikimini içsel olarak çözmek üzere olusturulmustur. Model çalýsmasýnýn temel vurgusu kamunun eðitim ve bilgi sermayesi yatýrým harcamalarýyla, özel sermaye gruplarý tarafýndan yürütülen bilgi sermayesi ve arastýrma/ gelistirme yatýrým davranýslarý arasýndaki tamamlayýcýlýk iliskisine dayanmaktadýr. Böylece Türkiye ekonomisinin büyüme dinamiklerini ayrýstýrmayý amaçlamaktadýr. Model yardýmýyla su soruya somut yanýtlar aranmýstýr: bütçe kýsýtý altýnda hareket eden kamu idaresi, sermaye birikimini ve iktisadi büyümeyi artýrmaya yönelik olarak öncelikle hangi aktiviteye destek saðlamalýdýr: beseri sermaye maliyetlerinin desteklenmesi mi, yoksa Ar-Ge yatýrým maliyetlerinin desteklenmesi mi? Model bulgularýna göre devlet desteðinin sadece eðitim harcamalarýný tevsik etme stratejisi, ulusal gelirde ilk basta olumlu bir etki yaratmakta, ancak bu etki uzun dönemde zayýflamaktadýr. Salt eðitim yatýrýmlarýnýn tesvik edilmesine dayalý bir kamu tesvik programýndan beklenen olumlu sonuçlarýn ortauzun dönemde zayýflamasýnýn tespiti modelin en önemli bulgusu olarak göze çarpmaktadýr. Bu gözlemler altýnda, devlet kaynak destekleme stratejisi kýsaorta dönemde eðitim tesvikleriyle olusturulurken, orta-uzun dönemde Ar-Ge yatýrýmlarýnýn özendirilmesiyle birlestirilerek hibrid bir programýn amaçlanmasý daha uygun gözükmektedir.

Keywords: Endogenous growth; human capital; R&D; general equilibrium; Turkish economy; public policy for education and R&D; içsel büyüme; beseri sermaye; Ar-Ge; genel denge; Türkiye ekonomisi; kamu eðitim ve Ar-Ge politikalarý (search for similar items in EconPapers)
JEL-codes: I25 O32 O41 (search for similar items in EconPapers)
Date: 2012
References: Add references at CitEc
Citations: View citations in EconPapers (1)

Downloads: (external link)
http://ekonomitek.org/pdffile/no2_08_erinc_yeldan.pdf (application/pdf)

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:tek:journl:v:1:y:2012:i:2:p:21-60

Access Statistics for this article

Ekonomi-tek - International Economics Journal is currently edited by TEK Secretary

More articles in Ekonomi-tek - International Economics Journal from Turkish Economic Association Contact information at EDIRC.
Bibliographic data for series maintained by Ercan Uygur ().