The Relationship between Entrepreneurship and Innovation: A Dynamic Panel Data Analysis

Year 2016, Volume: 11 Issue: 3, 7 - 20, 20.12.2016

H. Bayram Işık , Nihat Işık , Efe Can Kılınç

https://doi.org/10.17153/oguiibf.272208

Cited By: 1

Abstract

Entrepreneurship and innovation are two of the most pervasive concepts of our times. Innovation and entrepreneurship have been one of the factors that provide developing countries to reach higher development stages as well as developed countries and to perform economic and social transformations and will continue. In this study, the relationship between innovation and entrepreneurship were examined for OECD countries for the period of 1990-2011 using dynamic panel data models. Results showed that the innovation and entrepreneurship have a long-term relationship, whereas in the short term there was no such indication. Accordingly, 1% increase in business ownership rate would increase the private sector R&D expenditures by 5.9%. Analysis results also showed that; the coefficients of error correction parameters of Belgium, Canada, Czech Republic, Finland, France, Germany, Ireland, Italy, South Korea, Mexico, Poland, Slovakia, the Netherlands, the United Kingdom and the United States were meaningful and revealed a long term relationship in these countries.

Keywords

Entrepreneurship, Innovation, Dynamic Panel Data Analysis

Girişimcilik ve İnovasyon Arasındaki İlişki: Bir Dinamik Panel Veri Analizi

Abstract

Girişimcilik ve inovasyon çağımızın popüler kavramları arasındadır. İnovasyon ve girişimcilik, firmaların ve dolaylı olarak ülkelerin ekonomik ve sosyal dönüşümleri gerçekleştirmelerini ve rekabet avantajı elde etmelerini sağlayan faktörler arasında yer almaktadır. Bu çalışmada girişimcilik ve inovasyon arasındaki ilişki OECD ülkeleri özelinde 1990-2011 dönemi için dinamik panel veri yöntemi kullanılarak analiz edilmiştir. Sonuçlar, girişimcilik ile inovasyon arasında uzun dönemli bir ilişkinin olduğunu, buna karşın kısa dönemde bir ilişki olmadığını göstermektedir. Elde edilen bulgular, uzun dönemde işletme sahipliği oranındaki %1’lik artışın özel sektör Ar-Ge harcamalarını yaklaşık olarak %5.9 oranında artıracağına işaret etmektedir. Analiz sonuçları ayrıca; Belçika, Kanada, Çek Cumhuriyeti, Finlandiya, Fransa, Almanya, İrlanda, İtalya, Meksika, Polonya, Slovakya, Hollanda, İngiltere ve ABD’nin hata düzeltme parametrelerine ait katsayıların anlamlı göstermekte, dolayısıyla bu ülkelerde girişimcilik ile inovasyon arasında uzun dönemli bir ilişki olduğunu ortaya koymaktadır.

Keywords

Girişimcilik, İnovasyon, Dinamik Panel Veri Analizi, Dinamik Panel Veri Analizi

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