THE NONLINEAR EFFECTS OF HIGH TECHNOLOGY EXPORTS, R&D AND PATENTS ON ECONOMIC GROWTH: A PANEL THRESHOLD APPROACH TO 35 OECD COUNTRIES

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dc.contributor.authorErsin, Ozgur
dc.contributor.authorUstabas, Ayfer
dc.contributor.authorAcar, Tugce
dc.date.accessioned2024-03-13T10:33:37Z
dc.date.available2024-03-13T10:33:37Z
dc.date.issued2022
dc.departmentİstanbul Beykent Üniversitesien_US
dc.description.abstractThe paper aims at the investigation of the economic growth and R&D thresholds in addition to the evaluation of nonlinear effects of R&D, patents and high technology product exports on economic growth. Within this respective, a panel consisting of 35 OECD member and other countries is analysed with dynamic panel threshold regressions and bootstrap threshold testing methodologies for the 1992-2016 period. The results reveal significant threshold effects of the economic growth rates closely followed by the threshold effects dominated by the share of R&D in the GDP. The empirical findings have significant contributions: i. the impacts of high technology exports are asymmetric and regime-dependent, in addition, positive in both regimes, ii. R&D expenditures have positive effects not only in the high R&D/GDP but also in relatively low R&D/GDP and growth regimes, iii. the R&D in GDP threshold parameter is estimated as close to 0.7% and is compared to the literature. The overall findings coincide with the endogenous growth literature, but with an interesting distinction regarding the positive impacts even at low R&D regimes. The policy suggestions favor the encouragement of R&D and its positive effects on economic growth even for countries that cannot achieve a theoretical 3% R&D in GDP threshold.en_US
dc.identifier.endpage44en_US
dc.identifier.issn1582-6163
dc.identifier.issn2537-6071
dc.identifier.issue1en_US
dc.identifier.scopus2-s2.0-85128666982en_US
dc.identifier.scopusqualityQ3en_US
dc.identifier.startpage26en_US
dc.identifier.urihttps://hdl.handle.net/20.500.12662/4053
dc.identifier.volume25en_US
dc.identifier.wosWOS:000784739600002en_US
dc.identifier.wosqualityQ4en_US
dc.indekslendigikaynakWeb of Scienceen_US
dc.indekslendigikaynakScopusen_US
dc.language.isoenen_US
dc.publisherInst Economic Forecastingen_US
dc.relation.ispartofRomanian Journal Of Economic Forecastingen_US
dc.relation.publicationcategoryMakale - Uluslararası Hakemli Dergi - Kurum Öğretim Elemanıen_US
dc.rightsinfo:eu-repo/semantics/closedAccessen_US
dc.subjectinnovationen_US
dc.subjecthigh technology exportsen_US
dc.subjecteconomic growth in open economiesen_US
dc.subjectthreshold modelsen_US
dc.titleTHE NONLINEAR EFFECTS OF HIGH TECHNOLOGY EXPORTS, R&D AND PATENTS ON ECONOMIC GROWTH: A PANEL THRESHOLD APPROACH TO 35 OECD COUNTRIESen_US
dc.typeArticleen_US

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