International Conference on Eurasian Economies
2-4 September 2020 – Baku - AZERBAIJAN
Paper properties
Paper ID : 2379
Status : Paper published
Language : Turkish
Topic : Growth and Development
Presenter: Ph.D. candidate Tuğçe Acar
Presentation Location : Beykent
Session : 4A Makroekonomi
Panel Data Analysis on Technology Transfer and Economic Growth: The Case of Eurasian Economies
Teknoloji Transferi ve Ekonomik Büyüme Üzerine Panel Veri Analizi: Avrasya Ekonomileri Örneği
- Ph.D. candidate Tuğçe Acar (Istanbul Beykent University, Türkiye)
- Asst. Prof. Dr. İsmail Erkan Çelik (Doğuş Üniversitesi, Türkiye)
Abstract
Foreign Direct investments are interest to emerging countries as they may fuel growth. Countries compete with each other to attract new direct investment as they are permanent. This paper searches the relationship between technology transfer and economic growth in ten Eurasian countries via panel data analysis. For this purpose, gross domestic product, foreign direct investment, and current account balance are used as variables. The sample period is from 2000 to 2018. Dumitrescu and Hurlin panel causality test is used to because of heterogeneity The study provides evidence for a causal relationship from current account balances to GDP, and FDI to current account balance. Interestingly, the study provides evidence for no causal relationship from FDI to GDP but GDP levels affect FDI levels. Also, there is no found cointegration relationship between the variables.
JEL codes: C23, O11, F62
Acar, Tuğçe, Çelik, İsmail Erkan (2020). "Panel Data Analysis on Technology Transfer and Economic Growth: The Case of Eurasian Economies" in Proceedings of International Conference of Eurasian Economies 2020, pp.124-129, Baku - AZERBAIJAN.
DOI: https://doi.org/10.36880/C12.02379
