Research Article

The Role of Knowledge on the Economic Growth Performance of Türkiye, 1960-2019

Volume: 8 Number: 1 January 28, 2024
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The Role of Knowledge on the Economic Growth Performance of Türkiye, 1960-2019

Abstract

In recent decades, there has been a notable shift in the global economy towards a knowledge-based economic framework. This transformation has been influenced by many key factors, sometimes referred to as pillars of knowledge. These pillars encompass human capital, research and development (R&D), information and communication technologies (ICTs), and foreign trade. This study examines the influence of knowledge on the economic growth performance of Türkiye from 1960 to 2019. It employs a production function framework and utilizes the Autoregressive Distributed Lag (ARDL) technique. This study additionally presents a knowledge index as a means to assess several dimensions of knowledge in a unified form. The empirical results indicate that higher level of knowledge has had a positive impact on the growth rate of Turkish economy over the sample period.

Keywords

References

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  2. Aghion, P. & Howitt, P. (2008). Endogenous Growth Theory. Cambridge, MA: MIT Press.
  3. Alesina, A. & Perotti, R. (1996). Income Distribution, Political Instability, and Investment. European Economic Review, 40, 1203-1228.
  4. Arrow, K. J. (1962). The Economic Implication of Learning by Doing. Review of Economic Studies, 62, 155-173.
  5. Barro, R. J. & Sala-i Martin, X. (1990). Economic Growth. New York: McGraw-Hill.
  6. Cameron, G., Proudman, J. & Redding, S. (2005). Technological Convergence, R&D, Trade and Productivity Growth. European Economic Review, 49, 775-807.
  7. Harhoff, D. (1998). Are There Financing Constraints for R&D and Investment in German Manufacturing Firms?. Annales d’Economie et de Statistique, 49/50, 421-456.
  8. Chen, D. H. C. & Dahlman C. J. (2004). Knowledge and Development: A Cross-Section Approach. World Bank Research Working Paper 3366, August 2004.

Details

Primary Language

English

Subjects

Applied Macroeconometrics, Growth

Journal Section

Research Article

Publication Date

January 28, 2024

Submission Date

November 20, 2023

Acceptance Date

January 11, 2024

Published in Issue

Year 2024 Volume: 8 Number: 1

APA
Utku İsmihan, F. M. (2024). The Role of Knowledge on the Economic Growth Performance of Türkiye, 1960-2019. Fiscaoeconomia, 8(1), 244-255. https://doi.org/10.25295/fsecon.1393482
AMA
1.Utku İsmihan FM. The Role of Knowledge on the Economic Growth Performance of Türkiye, 1960-2019. FSECON. 2024;8(1):244-255. doi:10.25295/fsecon.1393482
Chicago
Utku İsmihan, Fatma Muazzez. 2024. “The Role of Knowledge on the Economic Growth Performance of Türkiye, 1960-2019”. Fiscaoeconomia 8 (1): 244-55. https://doi.org/10.25295/fsecon.1393482.
EndNote
Utku İsmihan FM (January 1, 2024) The Role of Knowledge on the Economic Growth Performance of Türkiye, 1960-2019. Fiscaoeconomia 8 1 244–255.
IEEE
[1]F. M. Utku İsmihan, “The Role of Knowledge on the Economic Growth Performance of Türkiye, 1960-2019”, FSECON, vol. 8, no. 1, pp. 244–255, Jan. 2024, doi: 10.25295/fsecon.1393482.
ISNAD
Utku İsmihan, Fatma Muazzez. “The Role of Knowledge on the Economic Growth Performance of Türkiye, 1960-2019”. Fiscaoeconomia 8/1 (January 1, 2024): 244-255. https://doi.org/10.25295/fsecon.1393482.
JAMA
1.Utku İsmihan FM. The Role of Knowledge on the Economic Growth Performance of Türkiye, 1960-2019. FSECON. 2024;8:244–255.
MLA
Utku İsmihan, Fatma Muazzez. “The Role of Knowledge on the Economic Growth Performance of Türkiye, 1960-2019”. Fiscaoeconomia, vol. 8, no. 1, Jan. 2024, pp. 244-55, doi:10.25295/fsecon.1393482.
Vancouver
1.Fatma Muazzez Utku İsmihan. The Role of Knowledge on the Economic Growth Performance of Türkiye, 1960-2019. FSECON. 2024 Jan. 1;8(1):244-55. doi:10.25295/fsecon.1393482
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