The Effect of R&D Expenditures on Economic Growth in G8 Countries: A Panel Data Analysis Cover Image

G8 Ülkelerinde Ar-Ge Harcamalarının Ekonomik Büyüme Üzerindeki Etkisi: Bir Panel Veri Analizi
The Effect of R&D Expenditures on Economic Growth in G8 Countries: A Panel Data Analysis

Author(s): Suzan Oğuz
Subject(s): Economic history, Economic policy, Comparative politics, Economic development, Transformation Period (1990 - 2010), Present Times (2010 - today)
Published by: Celal Bayar Üniversitesi Sosyal Bilimler Enstitüsü
Keywords: Technological Innovation; R&D; Economic Growth; Panel Data Analysis;

Summary/Abstract: Technological innovations and developments are important in terms of growing economically and acquiring competitiveness. These innovations and developments are made possible through Research and Development (R&D) studies. This study aims to determine the effect of R&D expenditures on economic growth for G8 countries (Germany, United States of America, United Kingdom, France, Italy, Japan, Canada, Russia) through panel data analysis method through the annual data of period between 1997 and 2017. As a result of the study, empirical results show a positive and significant relationship between R&D expenditure and economic growth for G8 countries.

  • Issue Year: 18/2020
  • Issue No: 04
  • Page Range: 127-138
  • Page Count: 12
  • Language: Turkish
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