The Relationship between R&D Expenditures and Economic Growth in BRICS-T Countries
Eskişehir Osmangazi Üniversitesi İktisadi ve İdari Bilimler Dergisi, vol.17, no.3, pp.893-910, 2022 (ESCI, TRDizin)
- Publication Type: Article / Article
- Volume: 17 Issue: 3
- Publication Date: 2022
- Doi Number: 10.17153/oguiibf.1151022
- Journal Name: Eskişehir Osmangazi Üniversitesi İktisadi ve İdari Bilimler Dergisi
- Journal Indexes: Emerging Sources Citation Index (ESCI), TR DİZİN (ULAKBİM)
- Page Numbers: pp.893-910
- Keywords: R&, D Expenditure, Growth, Panel VAR, BRICS-T, INNOVATION, PRODUCTIVITY, CAUSALITY, MODEL
- Ankara University Affiliated: No
Abstract
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