TY  - JOUR
TI  - The Relationship between R&D Expenditures and Economic Growth in BRICS-T Countries
AB  - 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.
AU  - Dündar, Necip
AU  - Bayraktar, Yüksel
AU  - OZYILMAZ, AYFER
DO  - 10.17153/oguiibf.1151022
PY  - 2022
JO  - Eskişehir Osmangazi Üniversitesi İktisadi ve İdari Bilimler Dergisi
VL  - 17
IS  - 3
SN  - 1306-6730
SP  - 893
EP  - 910
DB  - TRDizin
UR  - http://search/yayin/detay/1141578
ER  -