@article{article_847613, title={The Long-Run Relationship Between R&D Spending and Current Account Balances: A Panel Data Analysis}, journal={İktisadi İdari ve Siyasal Araştırmalar Dergisi}, volume={7}, pages={1–12}, year={2022}, DOI={10.25204/iktisad.847613}, author={Çetrez, Murat}, keywords={Cari İşlemler Dengesi, Ar-ge Harcamaları, Panel Veri Analizi, Panel Eşbütünleşme}, abstract={<div style="text-align:justify;">This study aims to find out the long-run relationship between R&D spending and the current account balances. The panel data analysis is carried out for the period between 1996 and 2018. 64 developing and developed countries are included in the study. Panel cointegration is applied to test the long-run relationships. There are significant and positive long-run relationships between the R&D spending with current account balances for four different country groups which are high income, all countries except industrial, all countries except industrial and African, and all countries groups. Results show that R&D spending is an important factor for both developing and developed countries to improve their current account balances positively. 1% increase in R&D spending improves 3.29% current account surplus for all countries, 4.55% for high income countries group. </div>}, number={17}, publisher={H. Mustafa PAKSOY}