Author(s): Merter AKINCI, Haktan SEVÄ°NÃ
In this study, the relationship between R&D expenditures and economic growth is analyzed for Turkish economy in the period 1990–2011. Johansen–Juselius cointegration test that is applied to determine the long-run relationship between the variables points out that there are not any long-run relationships among the variables. In order to determine the causal links between the variables, Granger causality test is used and the findings reveal that there is a unidirectional causality from private, higher education and total R&D expenditures to economic growth. Besides, OLS estimating results show that except the public R&D expenditures, private, higher education and total R&D expenditures have a positive and significant impact on the economic growth. According to all results of the analysis, it can be said that R&D expenditures accelerate the economic growth process in Turkey and therefore these kind of investments are need to be increased.
The Journal of International Social Research received 7760 citations as per Google Scholar report
