Effects of R&D, innovation and investments on development in Türkiye: An empirical investigation for the 1990-2019 period

Ibrahim Aytekin1

1 PhD in economics, Independent Researcher, Türkiye

 Article History

Received: 30 July 2022       Revised: 24 November 2022       Accepted: 29 November 2022     Available Online: 5 December 2022

Keywords: R&D, innovation, development, Türkiye, investment

JEL classification: C32; E22; O10; O31; O32

Citation: Aytekin, I. (2022). Effects of R&D, innovation and investments on development in Türkiye: An empirical investigation for the 1990-2019 period, Review of Socio-Economic Perspectives, 7(4), 31-41.

Abstract

This study aims to examine the effects of research and developmnet expenditures, innovation, and investments on development between 1990-2019 in Turkey. In the examination, the Auto-Regressive Distributed Lag (ARDL) model was used as a method. The reason for the use of this method in the analysis is that the variables are static at different levels. As a result of the analysis performed in this direction, it was found that there was a cointegration relationship between the variables. Then the error correction model was established and the long-term coefficients of the series were estimated. In the forecasts, a positive and statistically significant relationship was found between research and developmnet expenditures and development in the long term. Between innovation and development, there was a positive but statistically meaningless relationship. In the analysis, it was concluded that there was a negative and statistically meaningless relationship between development and investments.

E-mail: ibrahimaytekin63@gmail.com & ORCID: https://orcid.org/0000-0002-3574-1007

DOI:  https://doi.org/10.19275/RSEP139

Article Type: Original Paper

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