The Relationship between R&D Expenditures and Economic Growth in BRICS-T Countries

Bayraktar Y., Dündar N., Özyılmaz A.

Eskişehir Osmangazi Üniversitesi İktisadi ve İdari Bilimler Dergisi, cilt.17, sa.3, ss.893-910, 2022 (ESCI) identifier identifier

  • Yayın Türü: Makale / Tam Makale
  • Cilt numarası: 17 Sayı: 3
  • Basım Tarihi: 2022
  • Doi Numarası: 10.17153/oguiibf.1151022
  • Dergi Adı: Eskişehir Osmangazi Üniversitesi İktisadi ve İdari Bilimler Dergisi
  • Derginin Tarandığı İndeksler: Emerging Sources Citation Index (ESCI), TR DİZİN (ULAKBİM)
  • Sayfa Sayıları: ss.893-910
  • Anahtar Kelimeler: R&amp, D Expenditure, Growth, Panel VAR, BRICS-T, INNOVATION, PRODUCTIVITY, CAUSALITY, MODEL
  • Ankara Üniversitesi Adresli: Hayır

Özet

R&D, which is one of the main determinants of technological development, has a critical role in determining the development differences between countries. The fact that developing countries as well as developed countries start to allocate more funds to R&D expenditures causes the literature on this subject to remain up-to-date. The aim of this study is to examine the relationship between R&D expenditures and growth in the period of 2000-2018 in Brazil, Russia, India, China, South Africa, and Turkiye (BRICS-T). In this context, Dumitrescu-Hurlin's (2012) causality test, Impulse-Response and Variance Decomposition analyzes are used together with the panel VAR approach. According to Dumitrescu-Hurlin (2012) causality test, there is a bidirectional causality relationship between R&D expenditures and growth in BRICS-T countries