International Conference on Eurasian Economies
10-12 July 2017 – Istanbul, TURKEY
Paper detail
Paper ID : 1869
Status : Paper published
Language : Turkish
Topic : Growth and Development
Presenter: Prof. Dr. Neşe Algan
Session : 2C Büyüme
The Causality Relationship between Technological Development Indicators and Economic Growth: The Case of Turkey
Teknolojik Gelişme Göstergeleri ile Ekonomik Büyüme Arasındaki Nedensellik İlişkisi: Türkiye Örneği
- Prof. Dr. Neşe Algan (Çukurova University, Türkiye)
- Asst. Prof. Dr. Müge Manga (Erzincan Binali Yıldırım University, Türkiye)
- Prof. Dr. Muammer Tekeoğlu (Çukurova University, Türkiye)
Abstract
The improvements in technological development indicators play a driving role in the process of economic growth and industrialization. Especially, technological developments are vital for developing countries. This study investigates the relationship between the share of R & D expenditure in GDP, the number of patent applications and GDP per capita utilizing Granger causality test for the period of 1996 - 2015. According to Granger Causality test analysis results, it is concluded that short-term one-way causality from high-tech product exports and R & D spending to GDP per capita, and one-way causality relationship from GDP per capita to patent application numbers. In addition, long-term R & D expenditures and patent applications have resulted in a positive GDP per capita, while high-tech exports, contrary to anticipation, negatively affected.
JEL codes: C23, O25, O33
Algan, Neşe, Manga, Müge, Tekeoğlu, Muammer (2017). "The Causality Relationship between Technological Development Indicators and Economic Growth: The Case of Turkey" in Proceedings of International Conference of Eurasian Economies 2017, pp.332-338, Istanbul, TURKEY.
DOI: https://doi.org/10.36880/C08.01869
