ARDL Analysis for The Effects of R&D Expenditures on Economic Growth: The Case of Türkiye Between 1980-2020
ARDL Analysis for The Effects of R&D Expenditures on Economic Growth: The Case of Türkiye Between 1980-2020

Summary/Abstract: Growth rates are one of the leading performance indicators of countries in global competition. Generally, growth leads to an increase in employment rates. Technological investments have a larger positive economic effect in in developed countries. The percentage of infrastructure investments in growth is higher in developing countries. Infrastructure investments, while stimulating the economy during the investment period, make a minimal contribution to the economy in the period after the investment is over. On the other hand, industrial investments contribute to continuous economic growth as they sell products to domestic and foreign markets, especially after the investment period. While growth rates follow a more stable course in economically developed countries, they follow a more volatile course in developing countries. When we examine this situation, the economic, social, political, democratic, legal, etc., of the developed countries have sufficient progress in these areas and appear as a safe haven in the global capital markets. This study investigated the effects of R&D expenditures, the number of researchers, and obtained patents on national income between 1980-2020 in Türkiye. As a method, ARDL and Granger Causality analysis were used to produce different econometric models. According to the results of the causality analysis, it has been determined that there is a one-way causality from economic growth to patent. When the ARDL analysis was examined, it was revealed that there was a positive relationship between R&D and economic growth in the short and long run.

• Details
• Contents