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Relationship Between R&D Expenditures And Economic Growth: An Evaluation On Turkey

Author

Listed:
  • Deniz Dilara DERELÄ°

    (İstanbul Kültür University)

  • UÄŸur SALÄžAR

    (Ä°stanbul University)

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.

Suggested Citation

  • Deniz Dilara DERELÄ° & UÄŸur SALÄžAR, 2019. "Relationship Between R&D Expenditures And Economic Growth: An Evaluation On Turkey," JOURNAL OF LIFE ECONOMICS, Holistence Publications, vol. 6(3), pages 345-360, July.
    • Handle: RePEc:jle:journl:v:6:y:2019:i:3:p:345-360
    DOI: 10.15637/jlecon.6.021
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    More about this item

    Keywords

    R&D Expenditures; Growth; Cointegration Analysis; Causality Analysis;
    All these keywords.

    JEL classification:

    • O11 - Economic Development, Innovation, Technological Change, and Growth - - Economic Development - - - Macroeconomic Analyses of Economic Development
    • O30 - Economic Development, Innovation, Technological Change, and Growth - - Innovation; Research and Development; Technological Change; Intellectual Property Rights - - - General
    • O40 - Economic Development, Innovation, Technological Change, and Growth - - Economic Growth and Aggregate Productivity - - - General

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