R&D EXPENDITURE AND ECONOMIC GROWTH: A CASE OF EU28

Öz

Economic growth rate is one of the main indicators of the economic development. The new theory of economic growth, known as "Endogenous Theory of Growth," suggests that technological innovations are becoming an increasingly more important contributor to economic growth. Research and development (R&D) expenditures are generally considered as one of the most important factors in explaining the progress of technology.

The aim of study was to quantify the effect of R&D expenditure on economic growth in the period 1995-2016. For this purpose by using data of 28 EU members, a panel data analysis was performed. According to the results of the analysis, a positive relationship was found between R & D expenditures and economic growth. In this context, it has been determined that an increase by 1% in R&D expenditures per capita raised the real gross domestic product by 0.18%.

Anahtar Kelimeler

• R & D Expenditures,Economic Growth,Panel Data Analysis

ARAŞTIRMA GELİŞTİRME HARCAMALARININ EKONOMİK BÜYÜME ÜZERİNDEKİ ETKİLERİ ÜZERİNE BİR İNCELEME: AB28 ÖRNEĞİ

Öz

Ekonomik büyüme oranı, ekonomik gelişmenin ana göstergelerinden biridir. Yeni ekonomik büyüme teorileri, teknolojiyi uzun vadede en önemli ekonomik büyüme kaynağı olarak işaret etmektedir. Araştırma-Geliştirme (Ar-Ge) faaliyetleri sonucu geliştirilen teknolojik bilgi, tüm ekonomiye yayılarak ekonomik büyümeyi gerçekleştirmektedir.

Bu çalışma 1998-2017 dönemi kapsamında Avrupa Birliği (AB) ülkelerinin Ar-Ge harcamalarının ekonomik büyümeleri üzerindeki rolünü incelemiştir. Araştırma sonucunda, Ar-Ge harcamaları ile ekonomik büyüme arasında pozitif ilişki tespit edilmiştir.

Anahtar Kelimeler

• Ar-Ge Harcamaları,Ekonomik Büyüme,Panel Veri Analizi

Kaynakça

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