@article{article_587006, title={A SUB-SECTORAL APPROACH ON THE NEXUS BETWEEN R&D AND VALUE-ADDED IN OECD COUNTRIES}, journal={Ekonomik ve Sosyal Araştırmalar Dergisi}, volume={16}, pages={1–12}, year={2020}, author={Doyar, Bayram Veli}, keywords={Ar-Ge,Yenilik,Katma Değer,İmalat,OECD}, abstract={<p>Current study aims to investigate the impact of R&D expenditures on added values of manufacturing sub-sectors in OECD countries. Data employed spans 1998-2015. Cointegration tests validate long-run relationship for each model. Long-run coefficient estimates show R&D elasticities of added values are 0.3 and 0.4 for ‘food, beverages, and tobacco’; 0.7 and 0.8 for ‘machinery and transportation equipment’; 0.5 and 0.6 for ‘medium and high-tech industry’; -0.30 and -0.31 for ‘textiles and clothing’; and 0.4 and 0.35 for ‘chemicals’. Lastly, causality tests reveal a causality from R&D expenditures to value-added of ‘food, beverages, and tobacco’ sub-sector. <br /> </p>}, number={1}, publisher={Bolu Abant İzzet Baysal Üniversitesi}