The Impact of Intellectual Property Payments and R&D on Economic Growth: A Panel Analysis on Highly Industrialized Countries

Year 2024, , 249 - 261, 31.12.2024

Serhat Alpağut

https://doi.org/10.54821/uiecd.1573013

Abstract

Research and development (R&D) activities play a crucial role in facilitating economic growth. Numerous studies suggest that R&D activities have a positive influence on economic growth. However, according to endogenous growth models, the impact of research and development on growth is expected to diminish over time due to the principle of diminishing returns. This scenario implies that the significance of research and development activities in relation to economic growth warrants further examination. A robust connection exists between research and development and intellectual property rights. The safeguarding of intellectual property and information is vital for technological advancement. The evolution of information, technology, and patent systems heavily relies on investment in intellectual property. Considering these factors, a study was conducted to analyze the effects of R&D and intellectual property investments on economic growth within nine highly industrialized nations. This analysis utilized annual panel data spanning from 2004 to 2023. The findings of the study indicate that both research and development efforts, as well as expenditures on intellectual property, contribute positively to economic growth in these highly industrialized countries.

Keywords

Economic Growth, Research and Development, Intellectual Property Payments, Panel Data Analysis

Ethical Statement

This paper is a type of research that does not require ethics committee approval. This paper complies with Research and Publication Ethics

Fikri Mülkiyet Hakları ve R&D’nin Ekonomik Büyüme Üzerine Etkisi: Yüksek Endüstrileşmiş Ülkeler Üzerine Panel Analizi

Abstract

Araştırma ve geliştirme faaliyetleri ekonomik büyümenin önemli bir parçası olarak kabul edilmektedir. Birçok araştırma, Araştırma ve geliştirme faaliyetlerinin ekonomik büyümeye etkisinin olumlu olduğunu belirtmektedir. Fakat içsel büyüme modellerinin öngördüğü şekilde azalan verimler kanunu gereği araştırma ve geliştirme faaliyetlerinin büyümeye etkisinin zamanla azalması gerekmektedir. Bu durum araştırma ve geliştirme faaliyetlerinin ekonomik büyümeye etkisinin yeniden ele alınması gerektiğini göstermektedir. Araştırma ve geliştirme faaliyetleri ile fikri mülkiyet arasında güçlü bir ilişki bulunmaktadır. Fikri mülkiyet hakları, bilginin korunması teknolojinin gelişmesi için hayatidir. Bilgi, teknoloji ve patent yapısının gelişmesi ise fikri mülkiyet harcamaların gelişime bağlıdır. Bahsedilen gerekçeler ışığında araştırma ve geliştirme ile birlikte fikri mülkiyet harcamalarının ekonomik büyüme üzerine etkileri 9 yüksek endüstrileşmiş ülke için ele alınmıştır. 2004-2023 dönemi yıllık veriler ile panel veri analizi gerçekleştirilmiştir. Çalışma sonucunda araştırma ve geliştirme faaliyetleri ile fikri mülkiyet harcamalarının yüksek endüstrileşmiş ülkelerdeki ekonomik büyümeyi desteklediği sonucuna ulaşılmıştır.

Keywords

Ekonomik Büyüme, Araştırma ve Geliştirme, Fikri Mülkiyet Ödemeleri, Panel Veri Analizi

Ethical Statement

Bu çalışma etik kurul düzeni gerektirmeyen türden bir araştırmadır. Bu makale Araştırma ve Yayın Etiğine uygundur

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