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Analysis Of The Relationship Between R&D Expenditure And Economic Growth: A Case Of Brimc Countries

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  • Funda H. SEZGÄ°N

    (İstanbul Üniversitesi, Mühendislik Fakültesi, Endüstri Mühendisliği Bölümü)

  • Barış Erkan YAZICI

    (İstanbul Üniversitesi, İktisat Fakültesi, Sosyal Bilimler Enstitüsü)

Abstract

In the global competitive environment, where international borders have been abolished and multilateral liberalization process and economic cycles are experienced, also a number of changes have occurred in determinants of growth. Research and development activity (R&D) as an impulsive force of economic growth has a leading role in the economic structures of countries. R&D sector contributes to the economic growth by creating externality via increasing returns in endogenous growth models. This study aims to test if the predictions of the R&D models are valid for BRIMC countries by using the annual data for the period 2005-2014. The results of whole panel data indicate that R&D expenditures affects economic growth positively.

Suggested Citation

  • Funda H. SEZGÄ°N & Barış Erkan YAZICI, 2016. "Analysis Of The Relationship Between R&D Expenditure And Economic Growth: A Case Of Brimc Countries," Eurasian Eononometrics, Statistics and Emprical Economics Journal, Eurasian Academy Of Sciences, vol. 4(4), pages 1-16, February.
    • Handle: RePEc:eas:econst:v:4:y:2016:i:4:p:1-16
    DOI: 10.17740/eas.stat.2016�V4�01
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