The Relationship between R&D Expenditures and Economic Growth in BRICS-T Countries

Abstract

R&D, which is one of the main determinants of technological development, has a critical role in determining the development differences between countries. The fact that developing countries as well as developed countries start to allocate more funds to R&D expenditures causes the literature on this subject to remain up-to-date. The aim of this study is to examine the relationship between R&D expenditures and growth in the period of 2000-2018 in Brazil, Russia, India, China, South Africa, and Turkiye (BRICS-T). In this context, Dumitrescu-Hurlin’s (2012) causality test, Impulse-Response and Variance Decomposition analyzes are used together with the panel VAR approach. According to Dumitrescu-Hurlin (2012) causality test, there is a bidirectional causality relationship between R&D expenditures and growth in BRICS-T countries.

Keywords

• R&D Expenditure
• Growth
• Panel VAR
• BRICS-T

BRICS-T Ülkelerinde Ar-Ge Harcamaları ve Ekonomik Büyüme Arasındaki İlişki

Abstract

Teknolojik gelişmenin temel belirleyicilerinden olan Ar-Ge ülkeler arasında gelişmişlik farklarının belirlenmesinde kritik bir role sahiptir. Gelişmiş ülkelerin yanı sıra gelişmekte olan ülkelerin de Ar-Ge harcamalarına daha fazla fon ayırmaya başlaması, bu konudaki literatürün güncelliğini korumasına yol açmaktadır. Bu çalışmanın amacı, 2000-2018 döneminde Ar-Ge harcamaları ve büyüme arasındaki ilişkiyi Brezilya, Rusya, Hindistan, Çin, Güney Afrika ve Türkiye (BRICS-T) için incelemektir. Bu kapsamda panel VAR yaklaşımıyla birlikte Dumitrescu-Hurlin (2012) nedensellik testi, Etki-Tepki ve Varyans Ayrıştırma analizleri kullanılmıştır. Dumitrescu-Hurlin (2012) nedensellik testine göre BRICS-T ülkelerinde Ar-Ge harcamaları ile büyüme arasında çift yönlü nedensellik ilişkisi vardır.

Keywords

• Ar-Ge Harcamaları
• Büyüme
• Panel VAR
• BRICS-T

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