The Relationship between R&D Expenditures and Economic Growth in BRICS-T Countries
Yıl: 2022 Cilt: 17 Sayı: 3 Sayfa Aralığı: 893 - 910 Metin Dili: İngilizce DOI: 10.17153/oguiibf.1151022 İndeks Tarihi: 03-12-2022
The Relationship between R&D Expenditures and Economic Growth in BRICS-T Countries
Öz: R&D, which is one of the main determinants of technological development, has a critical role in determining the development differences between countries. The fact that developing countries as well as developed countries start to allocate more funds to R&D expenditures causes the literature on this subject to remain up-to-date. The aim of this study is to examine the relationship between R&D expenditures and growth in the period of 2000-2018 in Brazil, Russia, India, China, South Africa, and Turkiye (BRICS-T). In this context, Dumitrescu-Hurlin’s (2012) causality test, Impulse-Response and Variance Decomposition analyzes are used together with the panel VAR approach. According to Dumitrescu-Hurlin (2012) causality test, there is a bidirectional causality relationship between R&D expenditures and growth in BRICS-T countries.
Anahtar Kelime: BRICS-T Ülkelerinde Ar-Ge Harcamaları ve Ekonomik Büyüme Arasındaki İlişki
Öz: Teknolojik gelişmenin temel belirleyicilerinden olan Ar-Ge ülkeler arasında gelişmişlik farklarının belirlenmesinde kritik bir role sahiptir. Gelişmiş ülkelerin yanı sıra gelişmekte olan ülkelerin de Ar-Ge harcamalarına daha fazla fon ayırmaya başlaması, bu konudaki literatürün güncelliğini korumasına yol açmaktadır. Bu çalışmanın amacı, 2000-2018 döneminde Ar-Ge harcamaları ve büyüme arasındaki ilişkiyi Brezilya, Rusya, Hindistan, Çin, Güney Afrika ve Türkiye (BRICS-T) için incelemektir. Bu kapsamda panel VAR yaklaşımıyla birlikte Dumitrescu-Hurlin (2012) nedensellik testi, Etki-Tepki ve Varyans Ayrıştırma analizleri kullanılmıştır. Dumitrescu-Hurlin (2012) nedensellik testine göre BRICS-T ülkelerinde Ar-Ge harcamaları ile büyüme arasında çift yönlü nedensellik ilişkisi vardır.
Anahtar Kelime: Belge Türü: Makale Makale Türü: Araştırma Makalesi Erişim Türü: Erişime Açık
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| APA | Bayraktar Y, Dündar N, OZYILMAZ A (2022). The Relationship between R&D Expenditures and Economic Growth in BRICS-T Countries. , 893 - 910. 10.17153/oguiibf.1151022 |
| Chicago | Bayraktar Yüksel,Dündar Necip,OZYILMAZ AYFER The Relationship between R&D Expenditures and Economic Growth in BRICS-T Countries. (2022): 893 - 910. 10.17153/oguiibf.1151022 |
| MLA | Bayraktar Yüksel,Dündar Necip,OZYILMAZ AYFER The Relationship between R&D Expenditures and Economic Growth in BRICS-T Countries. , 2022, ss.893 - 910. 10.17153/oguiibf.1151022 |
| AMA | Bayraktar Y,Dündar N,OZYILMAZ A The Relationship between R&D Expenditures and Economic Growth in BRICS-T Countries. . 2022; 893 - 910. 10.17153/oguiibf.1151022 |
| Vancouver | Bayraktar Y,Dündar N,OZYILMAZ A The Relationship between R&D Expenditures and Economic Growth in BRICS-T Countries. . 2022; 893 - 910. 10.17153/oguiibf.1151022 |
| IEEE | Bayraktar Y,Dündar N,OZYILMAZ A "The Relationship between R&D Expenditures and Economic Growth in BRICS-T Countries." , ss.893 - 910, 2022. 10.17153/oguiibf.1151022 |
| ISNAD | Bayraktar, Yüksel vd. "The Relationship between R&D Expenditures and Economic Growth in BRICS-T Countries". (2022), 893-910. https://doi.org/10.17153/oguiibf.1151022 |
| APA | Bayraktar Y, Dündar N, OZYILMAZ A (2022). The Relationship between R&D Expenditures and Economic Growth in BRICS-T Countries. Eskişehir Osmangazi Üniversitesi İktisadi ve İdari Bilimler Dergisi, 17(3), 893 - 910. 10.17153/oguiibf.1151022 |
| Chicago | Bayraktar Yüksel,Dündar Necip,OZYILMAZ AYFER The Relationship between R&D Expenditures and Economic Growth in BRICS-T Countries. Eskişehir Osmangazi Üniversitesi İktisadi ve İdari Bilimler Dergisi 17, no.3 (2022): 893 - 910. 10.17153/oguiibf.1151022 |
| MLA | Bayraktar Yüksel,Dündar Necip,OZYILMAZ AYFER The Relationship between R&D Expenditures and Economic Growth in BRICS-T Countries. Eskişehir Osmangazi Üniversitesi İktisadi ve İdari Bilimler Dergisi, vol.17, no.3, 2022, ss.893 - 910. 10.17153/oguiibf.1151022 |
| AMA | Bayraktar Y,Dündar N,OZYILMAZ A The Relationship between R&D Expenditures and Economic Growth in BRICS-T Countries. Eskişehir Osmangazi Üniversitesi İktisadi ve İdari Bilimler Dergisi. 2022; 17(3): 893 - 910. 10.17153/oguiibf.1151022 |
| Vancouver | Bayraktar Y,Dündar N,OZYILMAZ A The Relationship between R&D Expenditures and Economic Growth in BRICS-T Countries. Eskişehir Osmangazi Üniversitesi İktisadi ve İdari Bilimler Dergisi. 2022; 17(3): 893 - 910. 10.17153/oguiibf.1151022 |
| IEEE | Bayraktar Y,Dündar N,OZYILMAZ A "The Relationship between R&D Expenditures and Economic Growth in BRICS-T Countries." Eskişehir Osmangazi Üniversitesi İktisadi ve İdari Bilimler Dergisi, 17, ss.893 - 910, 2022. 10.17153/oguiibf.1151022 |
| ISNAD | Bayraktar, Yüksel vd. "The Relationship between R&D Expenditures and Economic Growth in BRICS-T Countries". Eskişehir Osmangazi Üniversitesi İktisadi ve İdari Bilimler Dergisi 17/3 (2022), 893-910. https://doi.org/10.17153/oguiibf.1151022 |
