Research Article

KEY ROLE OF R&D INTENSITY ON POLITICAL AND FINANCIAL STABILITY: EVIDENCE FROM THE G-8 COUNTRIES

Volume: 10 Number: 2 December 31, 2018
International Journal of Economics and Finance Studies Cover
International Journal of Economics and Finance Studies
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KEY ROLE OF R&D INTENSITY ON POLITICAL AND FINANCIAL STABILITY: EVIDENCE FROM THE G-8 COUNTRIES

Abstract

The concept of globalization has increased the importance of the expenditures on R&D, which are well known as the fundamental source for economic growth of both developing and developed countries. Even though, there have been a great number of studies subjected to the R&D-economic growth relationship, there have rarely been studied on the subject of the relationship among R&D, political stability and financial stability. In this regard, the main scope of this study is to investigate the causal relationships between R&D intensity and political stability and financial stability for G-8 countries during the period 1996-2013. Applying the Dumitrescu-Hurlin panel non-causality test, the empirical findings of this study shows that there exists a causal relationship running from R&D intensity to political stability and financial stability. Moreover, this study shows that R&D intensity has a positive and statistically significant effect on both political and financial stability of the G-8 countries.

Keywords

References

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  6. Eichengreen, Barry. “Financial Instability”, in: Byorn Lomborg, (Ed), Global Crises, Global Solutions. New York: Cambridge University Press, 2004, pp. 251- 280.
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  8. Grosman, Gene M. & Elhanan Helpman. Innovation and Growth in the Global Economy. Cambridge: MIT Press, 1991.

Details

Primary Language

English

Subjects

Business Administration

Journal Section

Research Article

Authors

Feyza Balan This is me

Publication Date

December 31, 2018

Submission Date

October 25, 2018

Acceptance Date

October 24, 2018

Published in Issue

Year 2018 Volume: 10 Number: 2

IZ

https://izlik.org/JA56US55RM

Cite

RIS / Bibtex
APA
Yıldırım, Y., & Balan, F. (2018). KEY ROLE OF R&D INTENSITY ON POLITICAL AND FINANCIAL STABILITY: EVIDENCE FROM THE G-8 COUNTRIES. International Journal of Economics and Finance Studies, 10(2), 1-21. https://izlik.org/JA56US55RM
AMA
1.Yıldırım Y, Balan F. KEY ROLE OF R&D INTENSITY ON POLITICAL AND FINANCIAL STABILITY: EVIDENCE FROM THE G-8 COUNTRIES. IJEFS. 2018;10(2):1-21. https://izlik.org/JA56US55RM
Chicago
Yıldırım, Yavuz, and Feyza Balan. 2018. “KEY ROLE OF R&D INTENSITY ON POLITICAL AND FINANCIAL STABILITY: EVIDENCE FROM THE G-8 COUNTRIES”. International Journal of Economics and Finance Studies 10 (2): 1-21. https://izlik.org/JA56US55RM.
EndNote
Yıldırım Y, Balan F (December 1, 2018) KEY ROLE OF R&D INTENSITY ON POLITICAL AND FINANCIAL STABILITY: EVIDENCE FROM THE G-8 COUNTRIES. International Journal of Economics and Finance Studies 10 2 1–21.
IEEE
[1]Y. Yıldırım and F. Balan, “KEY ROLE OF R&D INTENSITY ON POLITICAL AND FINANCIAL STABILITY: EVIDENCE FROM THE G-8 COUNTRIES”, IJEFS, vol. 10, no. 2, pp. 1–21, Dec. 2018, [Online]. Available: https://izlik.org/JA56US55RM
ISNAD
Yıldırım, Yavuz - Balan, Feyza. “KEY ROLE OF R&D INTENSITY ON POLITICAL AND FINANCIAL STABILITY: EVIDENCE FROM THE G-8 COUNTRIES”. International Journal of Economics and Finance Studies 10/2 (December 1, 2018): 1-21. https://izlik.org/JA56US55RM.
JAMA
1.Yıldırım Y, Balan F. KEY ROLE OF R&D INTENSITY ON POLITICAL AND FINANCIAL STABILITY: EVIDENCE FROM THE G-8 COUNTRIES. IJEFS. 2018;10:1–21.
MLA
Yıldırım, Yavuz, and Feyza Balan. “KEY ROLE OF R&D INTENSITY ON POLITICAL AND FINANCIAL STABILITY: EVIDENCE FROM THE G-8 COUNTRIES”. International Journal of Economics and Finance Studies, vol. 10, no. 2, Dec. 2018, pp. 1-21, https://izlik.org/JA56US55RM.
Vancouver
1.Yavuz Yıldırım, Feyza Balan. KEY ROLE OF R&D INTENSITY ON POLITICAL AND FINANCIAL STABILITY: EVIDENCE FROM THE G-8 COUNTRIES. IJEFS [Internet]. 2018 Dec. 1;10(2):1-21. Available from: https://izlik.org/JA56US55RM