THE RELATIONSHIP BETWEEN R&D EXPENDITURES AND INNOVATIVE DEVELOPMENT: A PANEL DATA ANALYSIS FOR SELECTED OECD COUNTRIES
Küçük Resim Yok
Tarih
2019
Yazarlar
Dergi Başlığı
Dergi ISSN
Cilt Başlığı
Yayıncı
Erişim Hakkı
info:eu-repo/semantics/openAccess
Özet
Research and development expenditures are one of the most important variables under considerationin order to achieve innovative development. Research and development (R&D) expenditures primarilyincrease the number of patents applied in a country. The increase in the number of patents appliedcontributes to the innovative development of the countries and shifts the countries’ exports from lowtech products to high-tech products. In this study, the relationship between R&D expenditures, hightech product exports and the number of patent applications were examined using data from 1997 to2016 for 25 OECD member countries. In the study where the presence of cross-sectional dependenceamong the countries was determined, the stationary of the series were examined by the CIPS method,and it was determined that the series were stationary in the first difference. The cointegrations of theseries were examined by the Westerlund method, and it was found that they were not cointegrations.Then, Dumitrescu and Hurlin’s methods were used to test Granger causality. According to the testresults, there is a mutual causality relationship between R&D expenditures and at least one unit of hightech product exports and R&D expenditures and patent applications.
Açıklama
Anahtar Kelimeler
Kaynak
Marmara Üniversitesi İktisadi ve İdari Bilimler Dergisi
WoS Q Değeri
Scopus Q Değeri
Cilt
41
Sayı
2
