Analysis of the Impact of TUBITAK Direct Supports for R&D and Innovation Activities on Sectoral Profitability with Heckman Selection Model
Year 2025,
Issue: 85, 406 - 425, 20.07.2025
Ebru Yalçın
,
Alparslan Abdurrahman Başaran
Abstract
Governments utilise various policy instruments to stimulate R&D and innovation activities, which are essential for increasing competitiveness and economic growth. In order to achieve the goal of technology-driven growth in Turkey, TUBITAK has been providing increasing amounts of direct supports to companies over the years. The fact that the amount and beneficiaries of these supports are determined by public institutions causes selection bias. In this study, the impact of direct supports on sectoral profitability is analysed using the Heckman Selection Model, which allows the impact of policy priorities and selection criteria in the incentive process to be taken into account. The findings show that incentives have an impact on profitability and that a “cherry-picking” strategy is adopted.
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AR-GE ve Yenilik Faaliyetlerine Yönelik TÜBİTAK Desteklerinin Sektörel Kârlılık Üzerindeki Etkisinin Heckman Seçim Modeli ile Analizi
Year 2025,
Issue: 85, 406 - 425, 20.07.2025
Ebru Yalçın
,
Alparslan Abdurrahman Başaran
Abstract
Devletler rekabet gücünü ve ekonomik büyümeyi artırmak için vazgeçilmez bir öneme sahip olan Ar-Ge ve yenilik faaliyetlerini teşvik etmeye yönelik çeşitli politika araçlarından faydalanmaktadır. Türkiye’de de teknoloji odaklı büyüme hedefine ulaşmak için TÜBİTAK tarafından firmalara yıllar itibariyle artan miktarda doğrudan destekler sunulmaktadır. Bu desteklerin miktar ve yararlanıcılarının kamu kurumları tarafından belirleniyor olması ise seçim yanlılığına neden olmaktadır. Doğrudan desteklerin sektörel kârlılığa olan etkisinin analiz edildiği bu çalışmada, politik önceliklerin ve seçim kriterlerinin teşvik süreci üzerindeki etkisini analize dahil etmeyi mümkün kılan Heckman Seçim Modeli kullanılmıştır. Elde edilen bulgular, teşviklerin kârlılık üzerinde etkisi olduğunu ve “kazananları seçme” stratejisinin benimsendiğini göstermektedir.
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-
Agrawal, A., Rosell, C. ve Simcoe, T. (2020). Tax credits and small firm R&D spending. American Economic Journal: Economic Policy, 12(2), 1–21.
-
Alam, A., Uddin, M. ve Yazdifar, H. (2019). Financing behaviour of R&D investment in the emerging markets: The role of alliance and financial system. R&D Management, 49(1), 21–32.
-
Ali-Yrkkö, J. (2004). Impact of public R&D financing on private R&D: Does financial constraint matter?, ETLA Discussion Papers, No. 943, The Research Institute of the Finnish Economy (ETLA), Helsinki
-
Almus, M. ve Czarnitzki, D. (2003). The Effects of public R&D subsidies on firms' ınnovation activities: The Case of Eastern Germany. Journal of Business & Economic Statistics, 21(2),226-236.
-
Aghion, P. ve Howitt, P. (1998). A Schumpeterian perspective on growth and competition. In Coricelli, F., Matteo, M.d., Hahn, F. (eds) New Theories in Growth and Development. Palgrave Macmillan, London. doi: 10.1007/978-1-349-26270-0_2
-
Amendola, A., Boccia, M., Mele, G. ve Sensini, L. (2018). Fiscal incentives and firm performance: Evidence from the Dominican Republic (World Bank Policy Research Working Paper No. 8382). SSRN. https://ssrn.com/abstract=3151180
-
Arrow, K. J. (1962). The Economic implications of learning by doing. The Review of Economic Studies, 29(3), 155–173. doi: 10.2307/2295952
-
Banai, Á., Lang, P., Nagy, G. ve Stancsics, M. (2017). Impact evaluation of EU subsidies for economic development on the Hungarian SME sector (MNB Working Papers No. 2017/8). Magyar Nemzeti Bank (Central Bank of Hungary).
-
Bayraktaroğlu, H., Karaman, D. ve Kalkan, A. (2015). Kobilere sağlanan teşviklerin firmaların ihracat performansına katkısı: Antalya Organize Sanayi Bölgesi’nde bir uygulama. Akdeniz İİBF Dergisi, 15(31), 89-108.
-
Bellak, C. ve Leibrecht, M. (2016). “The Use of Investment Incentives: The Cases of R&D-Related Incentives and International Investment Agreements.” In Rethinking Investment Incentives: Trends and Policy Options, edited by Ana Teresa Tavares-Lehmann, Perrine Toledano, Lise Johnson, and Lisa Sachs, Chapter 4. New York: Columbia University Press.
-
Bölükbaş, N. S. , Arslan, N. ve Polat, B. (2020). TÜBİTAK ve KOSGEB Ar-Ge Destekleri Etki Analizi Üzerine Bir Uygulama. Anahtar Dergisi, Ağustos, 29–32.
-
Bronzini, R. ve Piselli, P. (2016). The impact of R&D subsidies on firm innovation. Research Policy, 45(2), 442-457.
-
Busom, I. (2000). An Empirical evaluation of the effects of R&D subsidies. Economics of Innovation and New Technology, 9(2), 111–148. doi: 10.1080/10438590000000006
-
Busom, I., Corchuelo, B. ve Martinez Ros, E. (2012). Tax incentives and direct support for R&D: What do firms use and why? (Working Paper No. wpdea1212). Department of Applied Economics, Universitat Autònoma de Barcelona.
-
Cerulli G. ve Poti, B. (2012) Evaluating the robustness of the effect of public subsidies on firms' R&D: An application to Italy. Journal of Applied Economics, 15(2), 287-320
-
Cefis, E. ve Ciccarelli, M. (2005). Profit differentials and innovation. Economics of Innovation and New Technologies, 14(1-2), 43-61.
-
Certo, S. T., Busenbark, J. R., Woo, H.-S. ve Semadeni, M. (2015). Sample selection Bias and Heckman models in strategic management research. Strategic Management Journal, 37(13), 2639–2657. http://www.jstor.org/stable/26155192
-
Chen, L. ve Yang, W. (2019). R&D tax credits and firm innovation: Evidence from China. Technological Forecasting and Social Change, 146, 233-241.
-
Corchuelo, B. ve Martínez-Ros, E. (2009). The effects of fiscal incentives for R&D in Spain (DEE - Working Papers. Business Economics, WB wb092302).
-
Czarnitzki, D. ve Hussinger, K. (2004). The Link between R&D Subsidies, R&D Spending and Technological Performance. ZEW-Centre for European Economic Research Discussion Paper No. 04-056. doi: 10.2139/ssrn.575362
-
Czarnitzki, D., Hanel, P. ve Rosa, J. M. (2011), Evaluating the impact of R&D tax credits on innovation: A microeconometric study on Canadian firms, Research Policy, 40(2), 217-229
-
Dai, X. ve Wang, M. (2024). Unintended effects of tax incentives on firms’ strategic patenting. Journal of Economic Behavior & Organization, 219, 1-24.
-
Damodaran, A. (1999). Research and development expenses: Implications for profitability measurement and valuation. NYU Working Paper No. FIN-99-024,
-
Dustmann, C. ve Rochina-Barrachina, M. E. (2000). Selection correction in panel data models: An application to labour supply and wages (IZA Discussion Paper No. 162). Institute of Labor Economics (IZA).
-
Ertan, F. (2020). Teknoloji, inovasyon ve Ar-Ge’ye yönelik devlet politikaları ve TÜBİTAK tarafından verilen Ar-Ge desteklerinin firmalar üzerindeki etkisine yönelik analiz. .[Yayımlanmamış doktora tezi]. Ankara Üniversitesi, Sosyal Bilimler Enstitüsü, Maliye Ana Bilim Dalı. Ankara.
-
Eurostat. (2024). R&D expenditure. Eurostat Statistics Explained. https://ec.europa.eu/eurostat/statistics-explained/SEPDF/cache/1203.pdf
-
Ezanoğlu, Z. ve Çetin, D. (2021). Türkiye’de Ar-Ge faaliyetlerini desteklemeye yönelik bir politika aracı olarak teşviklerin firma yenilik performansına etkileri. Maliye Dergisi, 181, 206-233.
-
Fabling, R. (2008). Will a BERD model fly? Estimating aggregate R&D expenditure using a micro model. [Draft paper]. ESAM 08 Conference, Wellington.
-
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