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Effects of R&D, innovation and investments on development in Türkiye: An empirical investigation for the 1990-2019 period

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  • Ibrahim Aytekin

    (PhD in economics, Independent Researcher, Türkiye)

Abstract

This study aims to examine the effects of research and developmnet expenditures, innovation, and investments on development between 1990-2019 in Turkey. In the examination, the Auto-Regressive Distributed Lag (ARDL) model was used as a method. The reason for the use of this method in the analysis is that the variables are static at different levels. As a result of the analysis performed in this direction, it was found that there was a cointegration relationship between the variables. Then the error correction model was established and the long-term coefficients of the series were estimated. In the forecasts, a positive and statistically significant relationship was found between research and developmnet expenditures and development in the long term. Between innovation and development, there was a positive but statistically meaningless relationship. In the analysis, it was concluded that there was a negative and statistically meaningless relationship between development and investments.

Suggested Citation

  • Ibrahim Aytekin, "undated". "Effects of R&D, innovation and investments on development in Türkiye: An empirical investigation for the 1990-2019 period," Review of Socio - Economic Perspectives 202218, Reviewsep.
    • Handle: RePEc:aly:journl:202218
    DOI: https://doi.org/10.19275/RSEP139
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    References listed on IDEAS

    as
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    Full references (including those not matched with items on IDEAS)

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    More about this item

    Keywords

    R&D; innovation; development; Türkiye; investment;
    All these keywords.

    JEL classification:

    • C32 - Mathematical and Quantitative Methods - - Multiple or Simultaneous Equation Models; Multiple Variables - - - Time-Series Models; Dynamic Quantile Regressions; Dynamic Treatment Effect Models; Diffusion Processes; State Space Models
    • E22 - Macroeconomics and Monetary Economics - - Consumption, Saving, Production, Employment, and Investment - - - Investment; Capital; Intangible Capital; Capacity
    • O10 - Economic Development, Innovation, Technological Change, and Growth - - Economic Development - - - General
    • O31 - Economic Development, Innovation, Technological Change, and Growth - - Innovation; Research and Development; Technological Change; Intellectual Property Rights - - - Innovation and Invention: Processes and Incentives
    • O32 - Economic Development, Innovation, Technological Change, and Growth - - Innovation; Research and Development; Technological Change; Intellectual Property Rights - - - Management of Technological Innovation and R&D

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