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R&D Expenditures and Economic Growth Relationship in Turkey

Year 2015, Volume: 5 Issue: 1, 188 - 198, 01.03.2015

Abstract

In today's world, globalization has reached to such an extent that, investment in information and technology is inevitable to be integrated with global system and increase competitive power. Therefore, R&D investments are of high importance and priority for growth process of economy. This paper investigates the long-run relationship between R&D expenditure and economic growth using the Johansen co-integration and the vector error correction models. The research findings indicate that there is a unidirectional causal relationship running from economic growth to R&D. the long-run coefficients for the variable R&D is strongly statistically significant and has positive value. The growth rate of GDP will increase 0, 2630% if R&D shares in the GDP increases 1%.

Year 2015, Volume: 5 Issue: 1, 188 - 198, 01.03.2015

Abstract

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Details

Other ID JA85AG96CH
Journal Section Research Article
Authors

Cuma Bozkurt This is me

Publication Date March 1, 2015
Published in Issue Year 2015 Volume: 5 Issue: 1

Cite

APA Bozkurt, C. (2015). R&D Expenditures and Economic Growth Relationship in Turkey. International Journal of Economics and Financial Issues, 5(1), 188-198.
AMA Bozkurt C. R&D Expenditures and Economic Growth Relationship in Turkey. IJEFI. March 2015;5(1):188-198.
Chicago Bozkurt, Cuma. “R&D Expenditures and Economic Growth Relationship in Turkey”. International Journal of Economics and Financial Issues 5, no. 1 (March 2015): 188-98.
EndNote Bozkurt C (March 1, 2015) R&D Expenditures and Economic Growth Relationship in Turkey. International Journal of Economics and Financial Issues 5 1 188–198.
IEEE C. Bozkurt, “R&D Expenditures and Economic Growth Relationship in Turkey”, IJEFI, vol. 5, no. 1, pp. 188–198, 2015.
ISNAD Bozkurt, Cuma. “R&D Expenditures and Economic Growth Relationship in Turkey”. International Journal of Economics and Financial Issues 5/1 (March 2015), 188-198.
JAMA Bozkurt C. R&D Expenditures and Economic Growth Relationship in Turkey. IJEFI. 2015;5:188–198.
MLA Bozkurt, Cuma. “R&D Expenditures and Economic Growth Relationship in Turkey”. International Journal of Economics and Financial Issues, vol. 5, no. 1, 2015, pp. 188-9.
Vancouver Bozkurt C. R&D Expenditures and Economic Growth Relationship in Turkey. IJEFI. 2015;5(1):188-9.