Araştırma Makalesi

KEY ROLE OF R&D INTENSITY ON POLITICAL AND FINANCIAL STABILITY: EVIDENCE FROM THE G-8 COUNTRIES

Cilt: 10 Sayı: 2 31 Aralık 2018
International Journal of Economics and Finance Studies Kapak
International Journal of Economics and Finance Studies
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KEY ROLE OF R&D INTENSITY ON POLITICAL AND FINANCIAL STABILITY: EVIDENCE FROM THE G-8 COUNTRIES

Öz

The concept of globalization has increased the importance of the expenditures on R&D, which are well known as the fundamental source for economic growth of both developing and developed countries. Even though, there have been a great number of studies subjected to the R&D-economic growth relationship, there have rarely been studied on the subject of the relationship among R&D, political stability and financial stability. In this regard, the main scope of this study is to investigate the causal relationships between R&D intensity and political stability and financial stability for G-8 countries during the period 1996-2013. Applying the Dumitrescu-Hurlin panel non-causality test, the empirical findings of this study shows that there exists a causal relationship running from R&D intensity to political stability and financial stability. Moreover, this study shows that R&D intensity has a positive and statistically significant effect on both political and financial stability of the G-8 countries.

Anahtar Kelimeler

Kaynakça

  1. Akcali, Burcay Y. & Elcin Sismanoğlu. “Innovation and the Effect of Research and Development (R&D) Expenditure on Growth in Some Developing and Developed Countries”, Procedia-Social and Behavioral Sciences. 195, 2015, 768- 775.
  2. Bassanini, Andrea & Scarpetta, Stefano. “The Driving Forces of Economic Growth: Panel Data Evidence for The OECD Countries”, OECD Economic Studies. 2001, No. 33.
  3. Breusch, Trevor S. & Pagan, Andrea R. The Lagrange Multiplier Test and its Applications to Model Specification in Econometrics, Review of Economic Studies. 47:1, 1980, 239-253.
  4. Cortright, Joseph. New Growth Theory, Technology and Learning: A Practitioner’s Guide (No. 4). Washington, DC: US Economic Development Administration, 2001.
  5. Ductor, Lorenzo & Grechyna, Daryna (2013). Financial Development, Technological Progress and Economic Growth, SSRN:http://ssrn.com/abstract=1997526 or http://dx.doi.org/10.2139/ssrn.1997526 [İndirme Tarihi: 7.01.2016] Dumitrescu, Elena-Ivona & Christophe Hurlin. “Testing for Granger noncausality in heterogeneous panels”. Economic Modelling, 29:4, July 2012 1450- 1460.
  6. Eichengreen, Barry. “Financial Instability”, in: Byorn Lomborg, (Ed), Global Crises, Global Solutions. New York: Cambridge University Press, 2004, pp. 251- 280.
  7. Freire-Serén M. J. (1999). “Aggregate R&D expenditure and endogenous economic growth”, UFAE and IAE Working Papers. No. WP 43699. Barcelona, Spain: Unitat de Fonaments de l’Anàlisi Econòmica (UAB) and Institut d’Anàlisi Econòmica (CSIC), 1999.
  8. Grosman, Gene M. & Elhanan Helpman. Innovation and Growth in the Global Economy. Cambridge: MIT Press, 1991.

Ayrıntılar

Birincil Dil

İngilizce

Konular

İşletme

Bölüm

Araştırma Makalesi

Yazarlar

Feyza Balan Bu kişi benim

Yayımlanma Tarihi

31 Aralık 2018

Gönderilme Tarihi

25 Ekim 2018

Kabul Tarihi

24 Ekim 2018

Yayımlandığı Sayı

Yıl 2018 Cilt: 10 Sayı: 2

IZ

https://izlik.org/JA56US55RM

Kaynak Göster

RIS / Bibtex
APA
Yıldırım, Y., & Balan, F. (2018). KEY ROLE OF R&D INTENSITY ON POLITICAL AND FINANCIAL STABILITY: EVIDENCE FROM THE G-8 COUNTRIES. International Journal of Economics and Finance Studies, 10(2), 1-21. https://izlik.org/JA56US55RM
AMA
1.Yıldırım Y, Balan F. KEY ROLE OF R&D INTENSITY ON POLITICAL AND FINANCIAL STABILITY: EVIDENCE FROM THE G-8 COUNTRIES. IJEFS. 2018;10(2):1-21. https://izlik.org/JA56US55RM
Chicago
Yıldırım, Yavuz, ve Feyza Balan. 2018. “KEY ROLE OF R&D INTENSITY ON POLITICAL AND FINANCIAL STABILITY: EVIDENCE FROM THE G-8 COUNTRIES”. International Journal of Economics and Finance Studies 10 (2): 1-21. https://izlik.org/JA56US55RM.
EndNote
Yıldırım Y, Balan F (01 Aralık 2018) KEY ROLE OF R&D INTENSITY ON POLITICAL AND FINANCIAL STABILITY: EVIDENCE FROM THE G-8 COUNTRIES. International Journal of Economics and Finance Studies 10 2 1–21.
IEEE
[1]Y. Yıldırım ve F. Balan, “KEY ROLE OF R&D INTENSITY ON POLITICAL AND FINANCIAL STABILITY: EVIDENCE FROM THE G-8 COUNTRIES”, IJEFS, c. 10, sy 2, ss. 1–21, Ara. 2018, [çevrimiçi]. Erişim adresi: https://izlik.org/JA56US55RM
ISNAD
Yıldırım, Yavuz - Balan, Feyza. “KEY ROLE OF R&D INTENSITY ON POLITICAL AND FINANCIAL STABILITY: EVIDENCE FROM THE G-8 COUNTRIES”. International Journal of Economics and Finance Studies 10/2 (01 Aralık 2018): 1-21. https://izlik.org/JA56US55RM.
JAMA
1.Yıldırım Y, Balan F. KEY ROLE OF R&D INTENSITY ON POLITICAL AND FINANCIAL STABILITY: EVIDENCE FROM THE G-8 COUNTRIES. IJEFS. 2018;10:1–21.
MLA
Yıldırım, Yavuz, ve Feyza Balan. “KEY ROLE OF R&D INTENSITY ON POLITICAL AND FINANCIAL STABILITY: EVIDENCE FROM THE G-8 COUNTRIES”. International Journal of Economics and Finance Studies, c. 10, sy 2, Aralık 2018, ss. 1-21, https://izlik.org/JA56US55RM.
Vancouver
1.Yavuz Yıldırım, Feyza Balan. KEY ROLE OF R&D INTENSITY ON POLITICAL AND FINANCIAL STABILITY: EVIDENCE FROM THE G-8 COUNTRIES. IJEFS [Internet]. 01 Aralık 2018;10(2):1-21. Erişim adresi: https://izlik.org/JA56US55RM