Research Article

THE SPATIAL ECONOMIC IMPACT OF R&D EXPENDITURES: A SPATIAL PANEL DATA ANALYSIS OF GERMANY

Volume: 23 Number: 2 July 7, 2025
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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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  3. Anselin, L. (2001) "Spatial Econometrics", In B. H. Baltagi (Ed.), A Companion to Theoretical Econometrics, 311–330, Blackwell.
  4. 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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  6. Autant-Bernard, C., and LeSage, J. P. (2011) “Quantifying Knowledge Spillovers Using Spatial Econometric Models”, 51(3), s. 471-496.
  7. Bräuninger, M., and Niebuhr, A. (2005) "Convergence, Trade, and Factor Mobility in German Regions", Review of Regional Research, 25(2), 99–118.
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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