An Empirical Analysis of the Relationship between Research and Development Expenditures, Total Factor Productivity, and Economic Growth in Turkey

Hamza Çeştepe; Sezin Şıklı

Makale detayları

An Empirical Analysis of the Relationship between Research and Development Expenditures, Total Factor Productivity, and Economic Growth in Turkey

Yazarlar:

Hamza Çeştepe | Sezin Şıklı

Yayıncı:

Istanbul University

Ana Başlıklar:

Uygulamalı Makro Ekonometri

Dergi:

EKOIST Journal of Econometrics and Statistics Issue 40, pp.121-133

Belge Tipi:

Makale

Yayın Tarihi:

6/2024

Belge Dili:

Türkçe

Document ID (Org No.):

2001324481

pISSN:

2651-396X

Anahtar kelimeler:

Özet:

 Many studies have been conducted on the sources and effects of economic growth and its relationship with various macroeconomic variables. In this study, the relationship between research and development RD expenditures, total factor productivity, and economic growth has been empirically investigated in the case of Turkey. Turkeys 19902019 period data and the Granger causality analysis method were used for this purpose. The analysis discovered a one-way causality relationship between RD expenditures and growth as well as between RD expenditures and total factor productivity. In this context, Turkey should focus on policies that prioritize RD and increase RD expenditures. Furthermore, given that increases in total factor productivity boost growth, policymakers should implement policies that increase resource efficiency and RD, and encourage the private sector to invest in these areas through tax breaks, financial incentives, and technical assistance.

 Many studies have been conducted on the sources and effects of economic growth and its relationship with various macroeconomic variables. In this study, the relationship between research and development RD expenditures, total factor productivity, and economic growth has been empirically investigated in the case of Turkey. Turkeys 19902019 period data and the Granger causality analysis method were used for this purpose. The analysis discovered a one-way causality relationship between RD expenditures and growth as well as between RD expenditures and total factor productivity. In this context, Turkey should focus on policies that prioritize RD and increase RD expenditures. Furthermore, given that increases in total factor productivity boost growth, policymakers should implement policies that increase resource efficiency and RD, and encourage the private sector to invest in these areas through tax breaks, financial incentives, and technical assistance.

 Many studies have been conducted on the sources and effects of economic growth and its relationship with various macroeconomic variables. In this study, the relationship between research and development RD expenditures, total factor productivity, and economic growth has been empirically investigated in the case of Turkey. Turkeys 19902019 period data and the Granger causality analysis method were used for this purpose. The analysis discovered a one-way causality relationship between RD expenditures and growth as well as between RD expenditures and total factor productivity. In this context, Turkey should focus on policies that prioritize RD and increase RD expenditures. Furthermore, given that increases in total factor productivity boost growth, policymakers should implement policies that increase resource efficiency and RD, and encourage the private sector to invest in these areas through tax breaks, financial incentives, and technical assistance.

 İktisadi büyümenin kaynakları ve etkileriyle birlikte, çeşitli makroekonomik büyüklüklerle ilişkisi de geçmişten günümüze birçok çalışmaya konu olmuştur. Bu çalışmada Ar-Ge harcamaları, toplam faktör verimliliği ve ekonomik büyüme arasındaki ilişki, Türkiye örneğinde ampirik olarak araştırılmıştır. Bu amaçla, Türkiyenin 1990-2019 dönemi verileri ve Granger nedensellik analizi yöntemi kullanılmıştır. Yapılan analiz neticesinde, Ar-Ge harcamaları ile büyüme ve Ar-Ge harcamaları ile toplam faktör verimliliği arasında tek yönlü nedensellik ilişkisi bulunmuştur. Bu ilişkilerin yönünün ise Ar-Ge harcamalarından büyümeye ve Ar-Ge harcamalarından toplam faktör verimliliğine doğru olduğu sonucuna ulaşılmıştır. Bu bağlamda, Türkiyenin Ar-Geye önem veren ve Ar-Ge harcamalarını arttırıcı yönde politikalara ağırlık vermesi gerekmektedir. Bunun yanında, toplam faktör verimliliğindeki artışların da büyümeyi olumlu yönde etkilediği göz önüne alındığında, politika yapıcılar Ar-Ge yatırımlarıyla birlikte kaynak verimliliğini artırıcı politikaları da bizzat uygulamaya geçirmeli ve vergi kolaylıkları, finansal ve teknik desteklerle özel sektörü bu konularda teşvik etmelidir.

Makale detayları

An Empirical Analysis of the Relationship between Research and Development Expenditures, Total Factor Productivity, and Economic Growth in Turkey

Yazarlar:

Hamza Çeştepe | Sezin Şıklı

Yayıncı:

Istanbul University

Ana Başlıklar:

Uygulamalı Makro Ekonometri

Dergi:

EKOIST Journal of Econometrics and Statistics Issue 40, pp.121-133

Belge Tipi:

Makale

Yayın Tarihi:

6/2024

Belge Dili:

Türkçe

Document ID (Org No.):

2001324481

pISSN:

2651-396X

Research and Development Expenditures

Total Factor Productivity

Economic Growth

Granger Causality AnalysisAr-Ge Harcamaları

Toplam Faktör Verimliliği

Ekonomik Büyüme

Granger Nedensellik Analizi

Sayı

Makale detayları

Yazarlar: Hamza Çeştepe | Sezin Şıklı

Yayıncı: Istanbul University

Ana Başlıklar: Uygulamalı Makro Ekonometri

Dergi: EKOIST Journal of Econometrics and Statistics Issue 40, pp.121-133

Belge Tipi: Makale

Yayın Tarihi: 6/2024

Belge Dili: Türkçe

Document ID (Org No.): 2001324481

pISSN: 2651-396X

Sayı

Yazarlar:

Hamza Çeştepe | Sezin Şıklı

Yayıncı:

Istanbul University

Ana Başlıklar:

Uygulamalı Makro Ekonometri

Dergi:

EKOIST Journal of Econometrics and Statistics Issue 40, pp.121-133

Belge Tipi:

Makale

Yayın Tarihi:

6/2024

Belge Dili:

Türkçe

Document ID (Org No.):

2001324481

pISSN:

2651-396X