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Impact on Economic Growth of Technological Progress in the Turkey Economy: Empirical Analysis on Political and Financial Stability Channel

Author

Listed:
  • Nazan Yelkikalan
  • Erdal Aydin
  • Unzule Kurt

Abstract

As an important dynamic of economic growth in the literature, technological progress is addressed in the study in the context of political and financial stability channels. In this context, the aim of the study is to determine the relationship between effects of technological progress on economic growth and political and financial stability concepts. The study for Turkish economy is based on data of 1984-2014 period and technological progress variable is considered as advanced technology export. As a result of the study, the obtained results of causality analysis showed that political and financial stability are important channels in technological progress and economic growth relation.

Suggested Citation

  • Nazan Yelkikalan & Erdal Aydin & Unzule Kurt, 2017. "Impact on Economic Growth of Technological Progress in the Turkey Economy: Empirical Analysis on Political and Financial Stability Channel," International Business Research, Canadian Center of Science and Education, vol. 10(3), pages 80-90, March.
    • Handle: RePEc:ibn:ibrjnl:v:10:y:2017:i:3:p:80-90
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    References listed on IDEAS

    as
    1. Aghion, Philippe & Howitt, Peter, 1992. "A Model of Growth through Creative Destruction," Econometrica, Econometric Society, vol. 60(2), pages 323-351, March.
    2. Bulent Guloglu & R. Tekin, 2012. "A Panel Causality Analysis of the Relationship among Research and Development, Innovation, and Economic Growth in High-Income OECD Countries," Eurasian Economic Review, Springer;Eurasia Business and Economics Society, vol. 2(1), pages 32-47, June.
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    Cited by:

    1. Olga N. Buchinskaya & Evgeniy P. Dyatel, 2019. "Influence of high-technology exports and foreign charges for the use of intellectual property on economic growth," Journal of New Economy, Ural State University of Economics, vol. 20(2), pages 114-126, May.

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    More about this item

    Keywords

    technological progress; economic growth; political stability; financial stability;
    All these keywords.

    JEL classification:

    • R00 - Urban, Rural, Regional, Real Estate, and Transportation Economics - - General - - - General
    • Z0 - Other Special Topics - - General

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