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THE SPATIAL ECONOMIC IMPACT OF R&D EXPENDITURES: A SPATIAL PANEL DATA ANALYSIS OF GERMANY
Abstract
The paper examines the impact of R&D expenditures on gross domestic product (GDP) at the NUTS 1 level in Germany. Using the spatial panel data analysis method, the existence of spatial dependencies among regions was investigated, and the findings revealed positive spatial effects. Based on the tests conducted, the Random Effects Spatial Error Panel Data Model was identified and accepted as the appropriate model for this paper. It was determined that a one-unit increase in R&D expenditures leads to a 7% increase in GDP at a 1% significance level. Furthermore, the model was found to have an explanatory power of 63%, demonstrating that it is both statistically significant and reliable. The paper is significant as it emphasizes the multiplier effect that highlights the spatial impacts of R&D expenditures. Additionally, the heterogeneity among regions was found to have a meaningful spatial relationship with economic performance, leading to the development of an econometric model proposal in this context.
Keywords
References
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- Anselin, L., Le Gallo, J., and Jayet, H. (2008) "Spatial Panel Econometrics", In L. Matyas and P. Sevestre (Eds.), The Econometrics of Panel Data: Fundamentals and Recent Developments in Theory and Practice , 3rd ed., 625–662), Berlin: Springer.
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Details
Primary Language
English
Subjects
Finance and Investment (Other)
Journal Section
Research Article
Early Pub Date
July 7, 2025
Publication Date
July 7, 2025
Submission Date
January 16, 2025
Acceptance Date
April 25, 2025
Published in Issue
Year 2025 Volume: 23 Number: 2
APA
Koç, İ., & Koç, R. (2025). THE SPATIAL ECONOMIC IMPACT OF R&D EXPENDITURES: A SPATIAL PANEL DATA ANALYSIS OF GERMANY. Journal of Management and Economics Research, 23(2), 176-195. https://doi.org/10.11611/yead.1621652
AMA
1.Koç İ, Koç R. THE SPATIAL ECONOMIC IMPACT OF R&D EXPENDITURES: A SPATIAL PANEL DATA ANALYSIS OF GERMANY. Journal of Management and Economics Research. 2025;23(2):176-195. doi:10.11611/yead.1621652
Chicago
Koç, İsmail, and Recep Koç. 2025. “THE SPATIAL ECONOMIC IMPACT OF R&D EXPENDITURES: A SPATIAL PANEL DATA ANALYSIS OF GERMANY”. Journal of Management and Economics Research 23 (2): 176-95. https://doi.org/10.11611/yead.1621652.
EndNote
Koç İ, Koç R (July 1, 2025) THE SPATIAL ECONOMIC IMPACT OF R&D EXPENDITURES: A SPATIAL PANEL DATA ANALYSIS OF GERMANY. Journal of Management and Economics Research 23 2 176–195.
IEEE
[1]İ. Koç and R. Koç, “THE SPATIAL ECONOMIC IMPACT OF R&D EXPENDITURES: A SPATIAL PANEL DATA ANALYSIS OF GERMANY”, Journal of Management and Economics Research, vol. 23, no. 2, pp. 176–195, July 2025, doi: 10.11611/yead.1621652.
ISNAD
Koç, İsmail - Koç, Recep. “THE SPATIAL ECONOMIC IMPACT OF R&D EXPENDITURES: A SPATIAL PANEL DATA ANALYSIS OF GERMANY”. Journal of Management and Economics Research 23/2 (July 1, 2025): 176-195. https://doi.org/10.11611/yead.1621652.
JAMA
1.Koç İ, Koç R. THE SPATIAL ECONOMIC IMPACT OF R&D EXPENDITURES: A SPATIAL PANEL DATA ANALYSIS OF GERMANY. Journal of Management and Economics Research. 2025;23:176–195.
MLA
Koç, İsmail, and Recep Koç. “THE SPATIAL ECONOMIC IMPACT OF R&D EXPENDITURES: A SPATIAL PANEL DATA ANALYSIS OF GERMANY”. Journal of Management and Economics Research, vol. 23, no. 2, July 2025, pp. 176-95, doi:10.11611/yead.1621652.
Vancouver
1.İsmail Koç, Recep Koç. THE SPATIAL ECONOMIC IMPACT OF R&D EXPENDITURES: A SPATIAL PANEL DATA ANALYSIS OF GERMANY. Journal of Management and Economics Research. 2025 Jul. 1;23(2):176-95. doi:10.11611/yead.1621652