The Role of Intellectual Capital in Development: A Panel Ardl Analysis

Habil Gökmen; Ahsen Emir Bulut; Mehtap Tunç

Makale detayları

The Role of Intellectual Capital in Development: A Panel Ardl Analysis

Yazarlar:

Habil Gökmen | Ahsen Emir Bulut | Mehtap Tunç

Yayıncı:

Manisa Celal Bayar University

Ana Başlıklar:

Sermaye Piyasaları

Dergi:

Manisa Celal Bayar Üniversitesi Sosyal Bilimler Dergisi Vol.21 Issue 3, pp.289-304

Belge Tipi:

Makale

Yayın Tarihi:

9/2023

Belge Dili:

Türkçe

Document ID (Org No.):

2001299662

pISSN:

1304-4796

Anahtar kelimeler:

Özet:

 With the development of the information society in the 1990s, the source of technological development began to be knowledge and human capital. The aim of this study is to examine the role of knowledge-based intellectual capital, which creates an important value especially for businesses, in the development process with a macro approach. The study examined the 2001-2021 period for economies of ten developing countries Turkey, Argentina, Brazil, Mexico, Russia, Poland, Romania, South Africa, India, and Indonesia using the variables of RD expenditures, bureaucratic quality index, and education index as intellectual capital components. According to the results of panel ARDL analysis used to determine the effect in question, there is a positive and significant relationship between intellectual capital components on the development level of countries in both short and long terms. In addition, a bidirectional causality relationship is determined between intellectual capital variables and economic development. It can be stated that investments that countries make in their intellectual capital are an important determinant of their level of development.

 With the development of the information society in the 1990s, the source of technological development began to be knowledge and human capital. The aim of this study is to examine the role of knowledge-based intellectual capital, which creates an important value especially for businesses, in the development process with a macro approach. The study examined the 2001-2021 period for economies of ten developing countries Turkey, Argentina, Brazil, Mexico, Russia, Poland, Romania, South Africa, India, and Indonesia using the variables of RD expenditures, bureaucratic quality index, and education index as intellectual capital components. According to the results of panel ARDL analysis used to determine the effect in question, there is a positive and significant relationship between intellectual capital components on the development level of countries in both short and long terms. In addition, a bidirectional causality relationship is determined between intellectual capital variables and economic development. It can be stated that investments that countries make in their intellectual capital are an important determinant of their level of development.

 With the development of the information society in the 1990s, the source of technological development began to be knowledge and human capital. The aim of this study is to examine the role of knowledge-based intellectual capital, which creates an important value especially for businesses, in the development process with a macro approach. The study examined the 2001-2021 period for economies of ten developing countries Turkey, Argentina, Brazil, Mexico, Russia, Poland, Romania, South Africa, India, and Indonesia using the variables of RD expenditures, bureaucratic quality index, and education index as intellectual capital components. According to the results of panel ARDL analysis used to determine the effect in question, there is a positive and significant relationship between intellectual capital components on the development level of countries in both short and long terms. In addition, a bidirectional causality relationship is determined between intellectual capital variables and economic development. It can be stated that investments that countries make in their intellectual capital are an important determinant of their level of development.

 1990lı yıllarda bilgi toplumunun gelişimiyle birlikte teknolojik gelişmenin kaynağını bilgi ve insan sermayesi oluşturmaya başlamıştır. Bu çalışmanın amacı, özellikle işletmeler için önemli bir değer yaratan bilgi temelli entelektüel sermayenin makro bir yaklaşımla kalkınma sürecindeki rolünün incelenmesidir. Çalışmada, entelektüel sermaye bileşenleri olarak araştırma geliştirme harcamaları, bürokratik kalite endeksi ve eğitim endeksi değişkenlerinden hareketle gelişmekte olan 10 ülke Türkiye, Arjantin, Brezilya, Meksika, Rusya, Polonya, Romanya, Güney Afrika, Hindistan ve Endonezya ekonomisi için 2001-2021 dönemini kapsayan yıllık veriler kullanılarak entelektüel sermayenin ekonomik kalkınma üzerindeki etkileri incelenmektedir. Söz konusu etkiyi belirlemek üzere kullanılan panel ARDL analizi sonuçlarına göre entelektüel sermaye bileşenleri ile ülkelerin kalkınma düzeyi arasında hem kısa hem de uzun dönemdeki ilişki pozitif ve anlamlıdır. Ayrıca, entelektüel sermaye değişkenleri ile ekonomik kalkınma arasında çift yönlü nedensellik ilişkisi tespit edilmiştir. Ülkelerin entelektüel sermayeye yaptıkları yatırımların gelişmişlik düzeylerinin önemli bir belirleyicisi olduğu ifade edilebilir.

Makale detayları

The Role of Intellectual Capital in Development: A Panel Ardl Analysis

Yazarlar:

Habil Gökmen | Ahsen Emir Bulut | Mehtap Tunç

Yayıncı:

Manisa Celal Bayar University

Ana Başlıklar:

Sermaye Piyasaları

Dergi:

Manisa Celal Bayar Üniversitesi Sosyal Bilimler Dergisi Vol.21 Issue 3, pp.289-304

Belge Tipi:

Makale

Yayın Tarihi:

9/2023

Belge Dili:

Türkçe

Document ID (Org No.):

2001299662

pISSN:

1304-4796

Intellectual CapitalEntelektüel Sermaye

Yatırım

Panel Ardl Analizi

Sayı

Makale detayları

The Role of Intellectual Capital in Development: A Panel Ardl Analysis

Yazarlar: Habil Gökmen | Ahsen Emir Bulut | Mehtap Tunç

Yayıncı: Manisa Celal Bayar University

Ana Başlıklar: Sermaye Piyasaları

Dergi: Manisa Celal Bayar Üniversitesi Sosyal Bilimler Dergisi Vol.21 Issue 3, pp.289-304

Belge Tipi: Makale

Yayın Tarihi: 9/2023

Belge Dili: Türkçe

Document ID (Org No.): 2001299662

pISSN: 1304-4796

Intellectual CapitalEntelektüel Sermaye

Yatırım

Panel Ardl Analizi

Sayı

Yazarlar:

Habil Gökmen | Ahsen Emir Bulut | Mehtap Tunç

Yayıncı:

Manisa Celal Bayar University

Ana Başlıklar:

Sermaye Piyasaları

Dergi:

Manisa Celal Bayar Üniversitesi Sosyal Bilimler Dergisi Vol.21 Issue 3, pp.289-304

Belge Tipi:

Makale

Yayın Tarihi:

9/2023

Belge Dili:

Türkçe

Document ID (Org No.):

2001299662

pISSN:

1304-4796