A SUB-SECTORAL APPROACH ON THE NEXUS BETWEEN R&D AND VALUE-ADDED IN OECD COUNTRIES
Öz
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.
Anahtar Kelimeler
Kaynakça
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Ayrıntılar
Birincil Dil
İngilizce
Konular
Ekonomi
Bölüm
Araştırma Makalesi
Yazarlar
Bayram Veli Doyar
0000-0002-4886-7709
Türkiye
Yayımlanma Tarihi
2 Mayıs 2020
Gönderilme Tarihi
4 Temmuz 2019
Kabul Tarihi
16 Mart 2020
Yayımlandığı Sayı
Yıl 2020 Cilt: 16 Sayı: 1