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THE RELATIONSHIP BETWEEN HIGH-TECHNOLOGY EXPORTS, PATENT AND ECONOMIC GROWTH IN TURKEY (1990-2015)

Year 2019, Volume: 8 Issue: 3, 173 - 180, 30.09.2019
https://doi.org/10.17261/Pressacademia.2019.1124

Abstract

Purpose- Today technology ise one of the main driving force of economic growth. Indicators as high-technology exports and patent show the progress of technological development of economies. In this study evaluation of the relationship between high-technology exports, patent and economic growth in Turkey was aimed.
Methodology- The relationship between high-technology exports, patent and economic growth in Turkey have been investigated for 1990-2015 period. The stationary of variables have been tested by Augmented Dickey-Fuller (ADF) test, the causality relationship between variables have been investigated by Vector Autoregressive (VAR)Granger Causality test. For long term relationship Johansen Cointegration test and Vector Error Correction (VEC) Granger Causality test have been conducted respectively.
Findings- Study results showed a causality relationship from both high-technology exports and patent to economic growth. A long term relationship has been identified by Johansen Cointegration test and one way causality relationship has been also found from both high-technology exports and patent to economic growth in long term.
Conclusion- The study results showed that both high-technology exports and patent accelerate economic growth in short and long term. In Turkey policies should be establish in order to support the production and exportation of high-technology products and to increase patent applications.

References

  • Aali Bujari, A.,Venegas Martínez, F. (2016). Technological Innovation and Economic Growth in Latin America. Mexican Journal of Economics and Finance, 11(2): 77-89.
  • Aghion, P.,Howitt, P. (1992). A Model of Growth Through Creative Destruction. Econometrica, 60(2): 323-351.
  • Algan N, Manga, M, Tekeoğlu, M. (2017). Teknolojik Gelişme Göstergeleri ile Ekonomik Büyüme Arasındaki Nedensellik İlişkisi: Türkiye Örneği. International Conference on Eurasian Economies 2017: 332-338.
  • Alper, A.E. (2017). Türkiye’de Patent, Ar-Ge Harcamaları, İhracat ve Ekonomik Büyüme Arasındaki İlişki: Bayer-Hanck Eş Bütünleşme Analizi. International Congress on Politic, Economic and Social Studies, 3: 17-26.
  • Arrow, K. J. (1962). The Economic Implications of Learning by Doing. The Review of Economic Studies, 29(3): 155-173.
  • Dickey, D., Fuller, W. A. (1979). Distribution of the Estimates for Autoregressive Time Series with a Unit Root. Journal of the American Statistical Association, 74, 427-431.
  • Engle, R.F., Granger C.W.J. (1987). Cointegration and Error Correction: Representation, Estimation, and Testing. Econometrica, 55: 251–276.
  • Erdil, E., Turkcan, B , Yetkiner, İ. H. (2009). Does ınformation and communication technology sustain economic growth ? The underdeveloped and developing countries case. Science And Technology Polıcies Research Center TEKPOL Working Paper Series,09(03): 1-15.
  • Granger, C.W.J. (1969). Investigating Causal Relations By Econometric Models and Cross-Spectral Methods. Econometrica, 37(3), 424-438.
  • Grossman, G. M., Helpman, E. (1991a). Endogenous Product Cycles. The Economic Journal, 101:1214–1229.
  • Grossman, G. M., Helpman, E. (1991b) .Quality Ladders and Product Cycles. Quarterly Journal of Economics, 106: 557–586.
  • Işık, C. (2014) “Patent Harcamaları ve İktisadi Büyüme Arasındaki İlişki: Türkiye Örneği”, Sosyoekonomi, 1: 69-86.
  • Johansen, S. (1991). Estimation and Hypothesis Testing of Cointegration Vectors in Gaussian Vector Autoregressive Models. Econometrica, 59: 1551-1580.
  • Kabaklarlı, E., Duran, M.S., Telli Üçler, Y. (2018). High_Technology Exports and Economic Growth: Panel Data Analysis for selected OECD Cuntries. Forum Scientiae Oeconomia, 6(2): 47-60.
  • Kılavuz, E., Topçu Altay, B. (2012). Export and economic growth in the case of the manufacturing ındustry: Panel data analysis of developing countries. International Journal of Economics and Financial Issues, 2(2): 201-215.
  • Konak, A. (2018). Yüksek Teknoloji İçeren Ürün İhracatının İhracat Hacmi ve Ekonomik Büyüme Üzerine Etkisi; Seçilmiş OECD Ülkeleri ve Türkiye Örneği. Yönetim, Ekonomi, Edebiyat, İslami ve Politik Bilimler Dergisi, 3(2): 56-80.
  • Lucas, R. E. (1988). On The Mechanics of Economic Development. Journal of Monetary Economics, (22): 3-42.
  • Romer, P.M. (1986). Increasing Returns And Long-Run Growth. The Journal of Political Economy, 94(5): 1002-1037.
  • Romer, P. M. (1990). Endogenous Technological Change. The Journal Of Political Economy, 98(5): 71-102.
  • Sinha, D. (2008). Patents, Innovations And Economic Growth In Japan and South Korea: Evidence From Individual Country and Panel Data. Applied Econometrics and International Development, 8(1): 1-23.
  • Song, Z. S., Nan, G. J. (2014). Empirical studies of the relationship between technological innovation and economic growth-Shanghai-based panel data analysis. BioTechnology: An Indian Journal, 10(9): 3758-3764.
  • Solow, R. M. (1956). A Contribution to the Theory of Economic Growth. The Quarterly Journal of Economics: 65-94.
  • Swan, T. W. (1956). Economic Growth and Capital Accumulation. Economic record, 32(2): 334-361.
  • Telatar, O.M, Değer, M.K., Doğanay M.A. (2016). Teknoloji Yoğunluklu Ürün İhracatının Ekonomik Büyümeye Etkisi: Türkiye Örneği (1996:Q1-2015:Q3). Atatürk Üniversitesi İktisadi ve İdari Bilimler Dergisi 30(4): 921-934.
  • TÜBİTAK (2004). Bilim ve Teknoloji Stratejileri-Vizyon 2023. www.vizyon2023.tubitak.gov.tr/genelbilgi/
  • Özçelik, Ö., Aslan, V., Özbek, R.İ. (2018). Ar-Ge Harcamalarıyla Yüksek Teknoloji İhracatı Arasındaki İlişki: Seçili 10 OECD Ülkesi İçin Panel Veri Analizi. Kastamonu Üniversitesi İktisadi ve İdari Bilimler Fakültesi Dergisi, 20(3): 57-66.
  • Özkan. G., Yılmaz. H. (2017). Ar-ge harcamalarının yüksek teknoloji ürün ihracatı ve kişi başı gelir üzerindeki etkileri: 12 AB ülkesi ve Türkiye için uygulama (1996-2015). Bilgi Ekonomisi ve Yönetimi Dergisi, 12(1): 1-12.
  • Ustabaş, A., Ersin, Ö. (2016). The Effects of R&D and High Technology Exports on Economic Growth: A Comparative Cointegration Analysis for Turkey and South Korea. International Conference On Eurasian Economies: 44-55.
  • Weng, L., Song, W.,Sheng, S. (2012). Empirical Research on Scientific and Technical Innovation and Economic Growth in Shanghai. American Journal of Operations Research, 2: 82-90.
  • Zhang, L., Song, W., He, J. (2012). Empirical Research on the Relationship Between Scientific Innovation and Economic Growth in Beijing. Technology & Investment, 3(3): 168-173.
  • Yıldız, Ü. (2017). Brics Ülkeleri ve Türkiye’de İleri teknoloji İhracatı ve Ekonomik Büyüme İlişkisinin Panel Veri Analizi. Dumlupınar Üniversitesi Sosyal Bilimler Dergisi, 53: 26-34.
Year 2019, Volume: 8 Issue: 3, 173 - 180, 30.09.2019
https://doi.org/10.17261/Pressacademia.2019.1124

Abstract

References

  • Aali Bujari, A.,Venegas Martínez, F. (2016). Technological Innovation and Economic Growth in Latin America. Mexican Journal of Economics and Finance, 11(2): 77-89.
  • Aghion, P.,Howitt, P. (1992). A Model of Growth Through Creative Destruction. Econometrica, 60(2): 323-351.
  • Algan N, Manga, M, Tekeoğlu, M. (2017). Teknolojik Gelişme Göstergeleri ile Ekonomik Büyüme Arasındaki Nedensellik İlişkisi: Türkiye Örneği. International Conference on Eurasian Economies 2017: 332-338.
  • Alper, A.E. (2017). Türkiye’de Patent, Ar-Ge Harcamaları, İhracat ve Ekonomik Büyüme Arasındaki İlişki: Bayer-Hanck Eş Bütünleşme Analizi. International Congress on Politic, Economic and Social Studies, 3: 17-26.
  • Arrow, K. J. (1962). The Economic Implications of Learning by Doing. The Review of Economic Studies, 29(3): 155-173.
  • Dickey, D., Fuller, W. A. (1979). Distribution of the Estimates for Autoregressive Time Series with a Unit Root. Journal of the American Statistical Association, 74, 427-431.
  • Engle, R.F., Granger C.W.J. (1987). Cointegration and Error Correction: Representation, Estimation, and Testing. Econometrica, 55: 251–276.
  • Erdil, E., Turkcan, B , Yetkiner, İ. H. (2009). Does ınformation and communication technology sustain economic growth ? The underdeveloped and developing countries case. Science And Technology Polıcies Research Center TEKPOL Working Paper Series,09(03): 1-15.
  • Granger, C.W.J. (1969). Investigating Causal Relations By Econometric Models and Cross-Spectral Methods. Econometrica, 37(3), 424-438.
  • Grossman, G. M., Helpman, E. (1991a). Endogenous Product Cycles. The Economic Journal, 101:1214–1229.
  • Grossman, G. M., Helpman, E. (1991b) .Quality Ladders and Product Cycles. Quarterly Journal of Economics, 106: 557–586.
  • Işık, C. (2014) “Patent Harcamaları ve İktisadi Büyüme Arasındaki İlişki: Türkiye Örneği”, Sosyoekonomi, 1: 69-86.
  • Johansen, S. (1991). Estimation and Hypothesis Testing of Cointegration Vectors in Gaussian Vector Autoregressive Models. Econometrica, 59: 1551-1580.
  • Kabaklarlı, E., Duran, M.S., Telli Üçler, Y. (2018). High_Technology Exports and Economic Growth: Panel Data Analysis for selected OECD Cuntries. Forum Scientiae Oeconomia, 6(2): 47-60.
  • Kılavuz, E., Topçu Altay, B. (2012). Export and economic growth in the case of the manufacturing ındustry: Panel data analysis of developing countries. International Journal of Economics and Financial Issues, 2(2): 201-215.
  • Konak, A. (2018). Yüksek Teknoloji İçeren Ürün İhracatının İhracat Hacmi ve Ekonomik Büyüme Üzerine Etkisi; Seçilmiş OECD Ülkeleri ve Türkiye Örneği. Yönetim, Ekonomi, Edebiyat, İslami ve Politik Bilimler Dergisi, 3(2): 56-80.
  • Lucas, R. E. (1988). On The Mechanics of Economic Development. Journal of Monetary Economics, (22): 3-42.
  • Romer, P.M. (1986). Increasing Returns And Long-Run Growth. The Journal of Political Economy, 94(5): 1002-1037.
  • Romer, P. M. (1990). Endogenous Technological Change. The Journal Of Political Economy, 98(5): 71-102.
  • Sinha, D. (2008). Patents, Innovations And Economic Growth In Japan and South Korea: Evidence From Individual Country and Panel Data. Applied Econometrics and International Development, 8(1): 1-23.
  • Song, Z. S., Nan, G. J. (2014). Empirical studies of the relationship between technological innovation and economic growth-Shanghai-based panel data analysis. BioTechnology: An Indian Journal, 10(9): 3758-3764.
  • Solow, R. M. (1956). A Contribution to the Theory of Economic Growth. The Quarterly Journal of Economics: 65-94.
  • Swan, T. W. (1956). Economic Growth and Capital Accumulation. Economic record, 32(2): 334-361.
  • Telatar, O.M, Değer, M.K., Doğanay M.A. (2016). Teknoloji Yoğunluklu Ürün İhracatının Ekonomik Büyümeye Etkisi: Türkiye Örneği (1996:Q1-2015:Q3). Atatürk Üniversitesi İktisadi ve İdari Bilimler Dergisi 30(4): 921-934.
  • TÜBİTAK (2004). Bilim ve Teknoloji Stratejileri-Vizyon 2023. www.vizyon2023.tubitak.gov.tr/genelbilgi/
  • Özçelik, Ö., Aslan, V., Özbek, R.İ. (2018). Ar-Ge Harcamalarıyla Yüksek Teknoloji İhracatı Arasındaki İlişki: Seçili 10 OECD Ülkesi İçin Panel Veri Analizi. Kastamonu Üniversitesi İktisadi ve İdari Bilimler Fakültesi Dergisi, 20(3): 57-66.
  • Özkan. G., Yılmaz. H. (2017). Ar-ge harcamalarının yüksek teknoloji ürün ihracatı ve kişi başı gelir üzerindeki etkileri: 12 AB ülkesi ve Türkiye için uygulama (1996-2015). Bilgi Ekonomisi ve Yönetimi Dergisi, 12(1): 1-12.
  • Ustabaş, A., Ersin, Ö. (2016). The Effects of R&D and High Technology Exports on Economic Growth: A Comparative Cointegration Analysis for Turkey and South Korea. International Conference On Eurasian Economies: 44-55.
  • Weng, L., Song, W.,Sheng, S. (2012). Empirical Research on Scientific and Technical Innovation and Economic Growth in Shanghai. American Journal of Operations Research, 2: 82-90.
  • Zhang, L., Song, W., He, J. (2012). Empirical Research on the Relationship Between Scientific Innovation and Economic Growth in Beijing. Technology & Investment, 3(3): 168-173.
  • Yıldız, Ü. (2017). Brics Ülkeleri ve Türkiye’de İleri teknoloji İhracatı ve Ekonomik Büyüme İlişkisinin Panel Veri Analizi. Dumlupınar Üniversitesi Sosyal Bilimler Dergisi, 53: 26-34.
There are 31 citations in total.

Details

Primary Language English
Subjects Finance, Business Administration
Journal Section Articles
Authors

Deniz Dilara Dereli 0000-0002-9697-4517

Publication Date September 30, 2019
Published in Issue Year 2019 Volume: 8 Issue: 3

Cite

APA Dereli, D. D. (2019). THE RELATIONSHIP BETWEEN HIGH-TECHNOLOGY EXPORTS, PATENT AND ECONOMIC GROWTH IN TURKEY (1990-2015). Journal of Business Economics and Finance, 8(3), 173-180. https://doi.org/10.17261/Pressacademia.2019.1124

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