Research Article

The Impact of R&D and Innovation on National Income

Volume: 13 Number: 26 December 31, 2024
TR EN

The Impact of R&D and Innovation on National Income

Abstract

In this study we empirically investigate the influence of several indicators of R&D and innovation on GDP for OECD countries by utilizing an unbalanced panel for the years of 1995-2021. Two distinct measures of patent applications, two different measures of trademark applications, researchers in R&D, and technicians in R&D are the proxies for R&D and innovation. We also added inflation, productivity, investment, and education into our model as control variables. Selection between fixed effect model and random effect model is made via Hausman test. According to the estimation results, we identified statistically significant positive impact of two distinct measures of patent applications, two different measures of trademark applications, researchers in R&D, and technicians in R&D variables on gross domestic product for the sample of OECD countries during the period of 1995-2021. Regarding the control variables, whenever they are statistically significant then we observed positive coefficient estimations for the variables of productivity, investment, and education and negative coefficient estimation for the variable of inflation.

Keywords

References

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Details

Primary Language

English

Subjects

Panel Data Analysis

Journal Section

Research Article

Early Pub Date

December 26, 2024

Publication Date

December 31, 2024

Submission Date

November 25, 2024

Acceptance Date

December 11, 2024

Published in Issue

Year 2024 Volume: 13 Number: 26

APA
Koyuncu, C., & Şahin, A. (2024). The Impact of R&D and Innovation on National Income. Balkan Sosyal Bilimler Dergisi, 13(26), 11-19. https://doi.org/10.55589/bsbd.1581386
AMA
1.Koyuncu C, Şahin A. The Impact of R&D and Innovation on National Income. BJSS. 2024;13(26):11-19. doi:10.55589/bsbd.1581386
Chicago
Koyuncu, Cüneyt, and Alev Şahin. 2024. “The Impact of R&D and Innovation on National Income”. Balkan Sosyal Bilimler Dergisi 13 (26): 11-19. https://doi.org/10.55589/bsbd.1581386.
EndNote
Koyuncu C, Şahin A (December 1, 2024) The Impact of R&D and Innovation on National Income. Balkan Sosyal Bilimler Dergisi 13 26 11–19.
IEEE
[1]C. Koyuncu and A. Şahin, “The Impact of R&D and Innovation on National Income”, BJSS, vol. 13, no. 26, pp. 11–19, Dec. 2024, doi: 10.55589/bsbd.1581386.
ISNAD
Koyuncu, Cüneyt - Şahin, Alev. “The Impact of R&D and Innovation on National Income”. Balkan Sosyal Bilimler Dergisi 13/26 (December 1, 2024): 11-19. https://doi.org/10.55589/bsbd.1581386.
JAMA
1.Koyuncu C, Şahin A. The Impact of R&D and Innovation on National Income. BJSS. 2024;13:11–19.
MLA
Koyuncu, Cüneyt, and Alev Şahin. “The Impact of R&D and Innovation on National Income”. Balkan Sosyal Bilimler Dergisi, vol. 13, no. 26, Dec. 2024, pp. 11-19, doi:10.55589/bsbd.1581386.
Vancouver
1.Cüneyt Koyuncu, Alev Şahin. The Impact of R&D and Innovation on National Income. BJSS. 2024 Dec. 1;13(26):11-9. doi:10.55589/bsbd.1581386