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The Relationship Between Knowledge Economy and Economic Growth: Analysis on Turkish Economy with Structural Breaks

Author

Listed:
  • İbrahim ÇÜTCÜ

    (Department of Economics, Hasan Kalyoncu University, Gaziantep, Türkiye)

  • Aysun AKKURT

    (Department of Economics, Hasan Kalyoncu University, Gaziantep, Türkiye)

Abstract

he knowledge economy has become an important element of competition for many developing countries in today's global world. Countries that invest in the knowledge economy and use the elements of the knowledge economy in their production processes can increase their economic growth performances, especially through their foreign trade. Within the scope of the knowledge economy, there are many variables such as R&D, information technologies, number of patents and copyrights. In this context, the relationship between the knowledge economy and economic growth is examined in this study. In the analyses, the Turkish economy is tested by using the annual data of the 1984-2019 period. In the model, while number of patents and communication service export were used as knowledge economy variables, the foreign trade balance was included in the analysis as a control variable. In the study in which structural break tests were used Hacker and Hatemi-J causality analyzes were performed at the end of Lee-Strazich unit root test and Hatemi-J cointegration test. According to the empirical findings, the variables included in the model are stationary at the same level. As a result of the co-integration test, a long-term relationship was determined between the knowledge economy and economic growth in the Turkish economy. In addition, a one-way causality relationship has been observed from economic growth to communication service exports.

Suggested Citation

  • İbrahim ÇÜTCÜ & Aysun AKKURT, 2022. "The Relationship Between Knowledge Economy and Economic Growth: Analysis on Turkish Economy with Structural Breaks," Yildiz Social Science Review, Yildiz Technical University, vol. 8(2), pages 82-93.
    • Handle: RePEc:aye:journl:v:8:y:2022:i:2:p:82-93
    DOI: 10.51803/yssr.1036523
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    References listed on IDEAS

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    1. Bakari, Sayef & Tiba, Sofien, 2019. "The Impact of Internet on Economic Growth: Evidence from North Africa," MPRA Paper 96629, University Library of Munich, Germany.
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      Keywords

      Knowledge economy; foreign trade balance; economic growth; patent applications.Journal: Yildiz Social Science Review;
      All these keywords.

      JEL classification:

      • F00 - International Economics - - General - - - General
      • F30 - International Economics - - International Finance - - - General
      • G00 - Financial Economics - - General - - - General
      • G10 - Financial Economics - - General Financial Markets - - - General (includes Measurement and Data)
      • K00 - Law and Economics - - General - - - General (including Data Sources and Description)
      • K20 - Law and Economics - - Regulation and Business Law - - - General
      • M00 - Business Administration and Business Economics; Marketing; Accounting; Personnel Economics - - General - - - General
      • M20 - Business Administration and Business Economics; Marketing; Accounting; Personnel Economics - - Business Economics - - - General
      • O10 - Economic Development, Innovation, Technological Change, and Growth - - Economic Development - - - General

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