A Heterogeneous Panel Causality Test: Research and Development Expenditures and Economic Growth in OECD Countries

The rapid spread of technology since the 1990s brought with it various advantages such as high efficiency and low cost in terms of production processes. These advantages have led countries to pay more attention to different variables for this processes. Research and development activities are also among these variables. Theoretically, research development is given an important place in endogenous growth models. Many studies have been made by economists that technological innovation is an endogenous variable and technological innovations with research investments are an important source of economic growth. This study examines the interaction between this variables by heterogeneous panel causality test. According to the empirical findings of the study, the existence of a heterogeneous causal relationship between these two variables is implied for all countries. In this context, today’s system where economic and technological ties are increasing, it can be said that R&D is an important dynamic in terms of economic growth from the point of view of working country sample. © 2018, Springer International Publishing AG, part of Springer Nature.

Dergi Adı Contributions to Management Science
Sayfalar 293 - 310
Yayın Yılı 2018
Eser Adı
[dc.title]
A Heterogeneous Panel Causality Test: Research and Development Expenditures and Economic Growth in OECD Countries
Yazar
[dc.contributor.author]
Yurtkur A.K.
Yazar
[dc.contributor.author]
Abasiz T.
Yayıncı
[dc.publisher]
Springer
Yayın Türü
[dc.type]
bookPart
Özet
[dc.description.abstract]
The rapid spread of technology since the 1990s brought with it various advantages such as high efficiency and low cost in terms of production processes. These advantages have led countries to pay more attention to different variables for this processes. Research and development activities are also among these variables. Theoretically, research development is given an important place in endogenous growth models. Many studies have been made by economists that technological innovation is an endogenous variable and technological innovations with research investments are an important source of economic growth. This study examines the interaction between this variables by heterogeneous panel causality test. According to the empirical findings of the study, the existence of a heterogeneous causal relationship between these two variables is implied for all countries. In this context, today’s system where economic and technological ties are increasing, it can be said that R&D is an important dynamic in terms of economic growth from the point of view of working country sample. © 2018, Springer International Publishing AG, part of Springer Nature.
Kayıt Giriş Tarihi
[dc.date.accessioned]
2019-12-23
Açık Erişim Tarihi
[dc.date.available]
2019-12-23
Yayın Yılı
[dc.date.issued]
2018
Tek Biçim Adres
[dc.identifier.uri]
https://dx.doi.org/10.1007/978-3-319-77622-4_15
Tek Biçim Adres
[dc.identifier.uri]
https://hdl.handle.net/20.500.12628/3940
Yayın Dili
[dc.language.iso]
eng
Konu Başlıkları
[dc.subject]
Economic growth
Konu Başlıkları
[dc.subject]
Heterogeneous panel causality
Konu Başlıkları
[dc.subject]
OECD countries
Konu Başlıkları
[dc.subject]
R&D
Haklar
[dc.rights]
info:eu-repo/semantics/closedAccess
İlk Sayfa Sayısı
[dc.identifier.startpage]
293
Son Sayfa Sayısı
[dc.identifier.endpage]
310
Dergi Adı
[dc.relation.journal]
Contributions to Management Science
Görüntülenme Sayısı ( Şehir )
Görüntülenme Sayısı ( Ülke )
Görüntülenme Sayısı ( Zaman Dağılımı )
Görüntülenme
18
09.12.2022 tarihinden bu yana
İndirme
1
09.12.2022 tarihinden bu yana
Son Erişim Tarihi
09 Şubat 2024 04:49
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Tıklayınız
variables technological economic growth important countries research development between endogenous heterogeneous advantages Springer processes implied relationship causal International Publishing findings empirical According causality Nature existence increasing working country system sample today’s context dynamic interaction efficiency
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