TY  - JOUR
TT  - THE RELATIONSHIP BETWEEN R&D EXPENDITURES AND NET SALES REVENUES IN TURKEY: EVIDENCE FROM BOOTSTRAP PANEL CAUSALITY TEST
AU  - İltaş, Yüksel
AU  - Bulut, Ümit
PY  - 2017
DA  - June
Y2  - 2017
DO  - 10.18070/erciyesiibd.323902
JF  - Erciyes Üniversitesi İktisadi ve İdari Bilimler Fakültesi Dergisi
PB  - Erciyes University
WT  - DergiPark
SN  - 1301-3688
SP  - 45
EP  - 58
IS  - 49
KW  - Ar-Ge Harcamaları
KW  - Sektör Bilançoları
KW  - Bootstrap Panel Nedensellik Analizi
N2  - This paper aims at examining therelationship between research and development (R&D) expenditures and netsales revenues for five sectors (food, beverage, and tobacco industry, mainmetal industry and trimmed metal products sector, textile and textile products industry,chemical industry, and whole sale and retail trade sector) in Turkey using dataover the period 1996-2013. To this end, after conducting cross-sectionaldependence and heterogeneity tests, the paper employs the bootstrap panelcausality test developed by K                              nya (2006). According to thefindings, there is one-way causality running from R&D expenditures to netsales revenues in textile and textile products industry. Besides, there isone-way causality running from net sales revenues to R&D expenditures in food,beverage, and tobacco industry, main metal industry and trimmed metal productssector, and wholesale and retail trade sector. Based on the empirical findings,the paper considers some implications in the conclusion part.
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UR  - https://doi.org/10.18070/erciyesiibd.323902
L1  - https://dergipark.org.tr/en/download/article-file/318436
ER  -