RETURNS TO INNOVATION AND GROWTH: A PANEL DATA APPROACH FOR MIDDLE INCOME COUNTRIES

Çiydem Çatak; Elif Nuroğlu

doi:10.18092/ulikidince.433726

TR EN

RETURNS TO INNOVATION AND GROWTH: A PANEL DATA APPROACH FOR MIDDLE INCOME COUNTRIES

Öz

This paper attempts to investigate the relationship between the growth of gross domestic product and innovation related activities. A panel data analysis is conducted on a sample of eight middle-income countries covering 5-year time period from 2012-2016. The major findings of the study show a significant positive impact of expenditure on education, graduates in science and engineering, knowledge intensive employment, scientific and technical articles, population and foreign direct investments on the growth of gross domestic product. Hence, we conclude that there is a strong relation between innovation-related activities and economic growth in middle-income countries. Therefore, we suggest that middle-income countries should focus more on R&D and innovation related activities to grow and change their income status to higher income levels.

Anahtar Kelimeler

Economic Growth,Research and Development,Innovation,Middle-Income Countries

Kaynakça

Akçalı, B. Y. and Şişmanoğlu, E. (2015). 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, 768-775.
Altın, O. and Kaya, A. (2009). Türkiye’de AR-GE Harcamaları ve Ekonomik Büyüme Arasındaki Nedensel İlişkinin Analizi. Ege Akademik Bakış, 9(1), 251-259.
Aslan, H.K. (2014). Avoiding the Middle Income Trap through the Development of Human Capital. Bilgesam Analysis / Political Economy, 1110.
Barro, R. J. and Lee, J. W. (2010). A New Data Set of Educational Attainment in the World, 1950-2010. NBER Working Paper, 15902.
Belitz, H., Junker, S., Podstawski, M. and Schiersch, A. (2015). Growth through Research and Development. DIW Economic Bulletin, 5(35), 455-465.
Bond, S., Hoeffler, A. and Temple, J. (2001). GMM Estimation of Empirical Growth Models. Economics Papers, 2001-W21.
Bozkurt, C. (2015). R&D Expenditures and Economic Growth Relationship in Turkey. International Journal of Economics and Financial Issues, 5(1), 188-198.
Brenner, T., Capasso, M., Duschl, M., Frenken, K. and Treibich T. (2018). Causal relations between knowledge-intensive business services and regional employment growth. Regional Studies, 52(2), 172-183.
Bucci, A., Eraydın, L. and Müller, M. (2018). Dilution Effects, Population Growth and Economic Growth under Human Capital Accumulation and Endogenous Technological Change. Working Paper Series in Economics, Karlsruher Institut für Technologie (KIT), 113.
Charles, I. J. and John C. W. (1999). Too Much of a Good Thing? The Economics of Investment in R&D. NBER Working Paper, 7283.

Chatterji, M. (1997). Tertiary Education and Economic Growth. Regional Studies, 32(4), 349- 354.
Coe, D. T. and Helpman, E.(1995). International R&D spillovers. European Economic Review, 39(5), 859–887.
Coe, D.T., Helpman, E. and Hoffmaister, A.W. (2009). International R&D spillovers and institutions. European Economic Review, 53(7), 723–741.
Colecchia, A. and Schreyer, P. (2002). The contribution of information and communication technologies to economic growth in nine OECD countries. OECD Economic Studies, 1(5), 153–171.
Com (2003). Investing in research: an action plan for Europe. 226 final/2.
Çakmak, E. and Gümüş, S.(2005). Türkiye’de beşeri sermaye ve ekonomik büyüme: Ekonometrik bir analiz (1960-2002). Ankara Üniversitesi SBF Dergisi, 60(1), 59-72.
Çetin, D. and Cincera, M. (2015). Circular Causality of R&D and Export in EU countries. World Journal of Applied Economics, 1, 82-105.
Dewan, E. and Hussein, S. (2001). Determinants of Economic Growth (Panel Data Approach). Working Paper Economics Department Reserve Bank of Fiji, 1(4).
Drysdale, P. (2012). Asia’s Human Capital and the Middle Income Trap. East Asia Forum.
Eichengreen, B., Park, D. and Shin, K. (2013). Growth Slowdowns Redux: New Evidence on the Middle-Income Trap. NBER Working Paper, 18673.
European Commission JRC Annual Report (2012).
Felipe, J., Kumar, U., Abdon, A. and Bacate, M. (2012). Product complexity and economic development. Structural Change and Economic Dynamics, 23, 36–68.
Global Innovation Index (2016).
Griffith, R. (2000). How Important Is Business R&D for Economic Growth and Should the Government Subsidies It?. The Institute for Fiscal Studies Briefing Note, 12.
Gust, C. and Jaime, M. (2004). International comparisons of productivity growth: the role of information technology and regulatory practices. Labour Economics, 11(1), 33-58.
Hidalgo, C. and Hausmann, R. (2009). The building blocks of economic complexity. Proceedings of the National Academy of Sciences of the United States of America, 106(26), 10570–10575.
Ifa, A. and Guetat, I. (2018). Does Public Expenditure on Education Promote Tunisian and Moroccan GDP per capita? ARDL Approach. The Journal of Finance and Data Science, 1(3).
Jones, C. I. and Williams, J.C. (1999). Too Much of a Good Thing? The Economics of Investment in R&D. Working Papers 99015, Stanford University, Department of Economics.
Kagermann, H., Wahlster, W. and Helbig, J. (2013). Recommendations for Implementing the Strategic Initiative Industrie 4.0. Available at: < http://www.acatech.de/fileadmin/user_upload/Baumstruktur_nach_Website/Acatech/root/de/Material_fuer_Sonderseiten/Industrie_4.0/Final_report__Industrie_4.0_accessible.pdf> [Accessed: March 30, 2018]
Kim, L.W. (2011). The Economic Growth Effect of R&D Activity in Korea. Korea and the World Economy, 12(1), 25-44.
Kokko, A., Gustavsson Tingvall, P. and Videnord, J. (2015). The Growth Effects of R&D Spending in the EU: A Meta-Analysis. Economics Discussion Papers, 9(40).
Korkmaz, S. (2010). Türkiye’de Ar-Ge Yatırımları ve Ekonomik Büyüme Arasındaki İlişkinin Var Modeli ile Analizi. Journal of Yasar University, 20(5), 3320-3330.
Kretschmer, T.(2012). Information and Communication Technologies and Productivity Growth: A Survey of the Literature. OECD Digital Economy Papers, 195, OECD Publishing, Paris.
Mankiw, N. G., Romer, D. and Weil, D. N. (1992). A Contribution to the Empirics of Economic Growth. The Quarterly Journal of Economics, 107(2), 407-437.
Mercan, M. and Sezer, S. (2014). The Effect of Education Expenditure on Economic Growth: The Case of Turkey. Procedia - Social and Behavioral Sciences, 109, 925-930.
Moretti, E. and Thulin, P. (2013). Local multipliers and human capital in the United States and Sweden. Industrial and Corporate Change, 22(1), 39–362.
OECD (2013). Raising the Returns to Innovation: Structural Policies for a Knowledge-based Economy. OECD Economics Department Policy Notes, Vol. 17.
Olivier B. and Johnson, D. R. (2013). Macroeconomics, Boston: Pearson Education Ltd.
Peri, G. and Shih, K. (2013). Foreign Scientists and Engineers and Economic Growth in Canadian Labor Markets. IZA Discussion Paper, 7367.
Rajapathirana, R.P.J. and Hui, Y. (2018). Relationship between Innovation Capability, Innovation Type, and Firm Performance. Journal of Innovation & Knowledge, 3(1), 44–55.
Romer, P. M. (1990). Endogenous Technological Change. Journal of Political Economy, 98(5), 71-102.
Schmidheiny, K. (2016). Short Guides to Micro econometrics. Available at: [Accessed: January 3, 2018]
Solow (1956). Technical Change and the Aggregate Production Function. The Review of Economics and Statistics, 39(3), 312-320.
Şahin, B. E. (2015). The Relationship between R&D Expenditures and Economic Growth: Panel Data Analysis 1990-2013. 207, EY International Congress on Economics II (EYC2015), Ankara, Turkey from Ekonomik Yaklasim Association.
Timmer, M. P. and Ark, v. B. (2005). Does Information and Communication Technology Drive EU-US Productivity Growth Differentials?. Oxford Economic Papers, 57(4), 693–716.
Ulku, H. (2004). R&D, Innovation, and Economic Growth: An Empirical Analysis. IMF Working Paper, 185(4).
UNIDO (2013). Creative Industries for Youth: Unleashing Potential and Growth. United Nations Industrial Development Organization. Vienna.
Urhie, E. (2014). Public Education Expenditure and Economic Growth in Nigeria: A Disaggregated Approach. Journal of Empirical Economics, 3(6), 370-382.
Yasar, A.B. and Sismanoglu, E. (2015). 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, 768-775.
Yılmaz, G. (2014). Turkish Middle Income Trap and Less Skilled Human Capital, Central Bank of the Republic of Turkey. Working Paper, 14(30).

Ayrıntılar

Birincil Dil

İngilizce

Konular

-

Bölüm

Araştırma Makalesi

Yazarlar

Çiydem Çatak ^*
Türkiye

Elif Nuroğlu ^*
Türkiye

Yayımlanma Tarihi

19 Eylül 2018

Gönderilme Tarihi

13 Haziran 2018

Kabul Tarihi

26 Ağustos 2018

Yayımlandığı Sayı

Yıl 2018

DOI

https://doi.org/10.18092/ulikidince.433726

IZ

https://izlik.org/JA44ZH64KJ

APA

Çatak, Ç., & Nuroğlu, E. (2018). RETURNS TO INNOVATION AND GROWTH: A PANEL DATA APPROACH FOR MIDDLE INCOME COUNTRIES. Uluslararası İktisadi ve İdari İncelemeler Dergisi, 243-256. https://doi.org/10.18092/ulikidince.433726

AMA

1.Çatak Ç, Nuroğlu E. RETURNS TO INNOVATION AND GROWTH: A PANEL DATA APPROACH FOR MIDDLE INCOME COUNTRIES. UİİİD. Published online 01 Eylül 2018:243-256. doi:10.18092/ulikidince.433726

Chicago

Çatak, Çiydem, ve Elif Nuroğlu. 2018. “RETURNS TO INNOVATION AND GROWTH: A PANEL DATA APPROACH FOR MIDDLE INCOME COUNTRIES”. Uluslararası İktisadi ve İdari İncelemeler Dergisi, Eylül 1, 243-56. https://doi.org/10.18092/ulikidince.433726.

EndNote

Çatak Ç, Nuroğlu E (01 Eylül 2018) RETURNS TO INNOVATION AND GROWTH: A PANEL DATA APPROACH FOR MIDDLE INCOME COUNTRIES. Uluslararası İktisadi ve İdari İncelemeler Dergisi 243–256.

IEEE

[1]Ç. Çatak ve E. Nuroğlu, “RETURNS TO INNOVATION AND GROWTH: A PANEL DATA APPROACH FOR MIDDLE INCOME COUNTRIES”, UİİİD, ss. 243–256, Eyl. 2018, doi: 10.18092/ulikidince.433726.

ISNAD

Çatak, Çiydem - Nuroğlu, Elif. “RETURNS TO INNOVATION AND GROWTH: A PANEL DATA APPROACH FOR MIDDLE INCOME COUNTRIES”. Uluslararası İktisadi ve İdari İncelemeler Dergisi. 01 Eylül 2018. 243-256. https://doi.org/10.18092/ulikidince.433726.

JAMA

1.Çatak Ç, Nuroğlu E. RETURNS TO INNOVATION AND GROWTH: A PANEL DATA APPROACH FOR MIDDLE INCOME COUNTRIES. UİİİD. 2018;:243–256.

MLA

Çatak, Çiydem, ve Elif Nuroğlu. “RETURNS TO INNOVATION AND GROWTH: A PANEL DATA APPROACH FOR MIDDLE INCOME COUNTRIES”. Uluslararası İktisadi ve İdari İncelemeler Dergisi, Eylül 2018, ss. 243-56, doi:10.18092/ulikidince.433726.

Vancouver

1.Çiydem Çatak, Elif Nuroğlu. RETURNS TO INNOVATION AND GROWTH: A PANEL DATA APPROACH FOR MIDDLE INCOME COUNTRIES. UİİİD. 01 Eylül 2018;243-56. doi:10.18092/ulikidince.433726

______________________________________________________

Adres: KTÜ-İİBF. Oda No:213 61080 TRABZON
e-mail : uiiidergisi@gmail.com

RETURNS TO INNOVATION AND GROWTH: A PANEL DATA APPROACH FOR MIDDLE INCOME COUNTRIES

Öz

Anahtar Kelimeler

RETURNS TO INNOVATION AND GROWTH: A PANEL DATA APPROACH FOR MIDDLE INCOME COUNTRIES

Öz

Anahtar Kelimeler

Kaynakça

Ayrıntılar

Birincil Dil

Konular

Bölüm

Yazarlar

Yayımlanma Tarihi

Gönderilme Tarihi

Kabul Tarihi

Yayımlandığı Sayı

DOI

IZ

Kaynak Göster