The Relationship between R&D Expenditures, Patent Applications and Growth: A Dynamic Panel Causality Analysis for OECD Countries

Asst. Prof. Dr. Salih Türedi

Article Details

The Relationship between R&D Expenditures, Patent Applications and Growth: A Dynamic Panel Causality Analysis for OECD Countries

Authors:

Asst. Prof. Dr. Salih Türedi

Publisher:

Anadolu University

Main Topics:

Social Sciences

Journal:

Anadolu Üniversitesi Sosyal Bilimler Dergisi 2016 Vol.16 Issue 1, pp.39-48

Document Type:

Article

Publication Date:

4/2016

Document Language:

Turkish

Document ID (Org No.):

2000877847

Frequency:

Quarterly

eISSN:

2667-8683

Keywords:

Abstract:

 

The causality relationship of economic growth with R&D expenditures and patent applications for the 23 OECD member countries is investigated in this study by utilising from the data belonging the period of 1996-2011. To that aim, GMM (Generalized Method of Moments) approach developed by Arellano-Bond (1991) and Wald test are used. Panel causality estimation results put forth a two-way and positive causality between R&D expenditures and economic growth, and a one-way and positive causality from patent applications to economic growth. Hence, on the ground of these results, it can be argued that it is important for the countries aiming to achieve a sustainable and high rate of growth to allocate more resources for R&D activities and establish an efficient patent system.

Article Details

The Relationship between R&D Expenditures, Patent Applications and Growth: A Dynamic Panel Causality Analysis for OECD Countries

Authors:

Asst. Prof. Dr. Salih Türedi

Publisher:

Anadolu University

Main Topics:

Social Sciences

Journal:

Anadolu Üniversitesi Sosyal Bilimler Dergisi 2016 Vol.16 Issue 1, pp.39-48

Document Type:

Article

Publication Date:

4/2016

Document Language:

Turkish

Document ID (Org No.):

2000877847

Frequency:

Quarterly

eISSN:

2667-8683

R&D Expenditures

Patent Applications

Growth, Panel Causality

Issues

Article Details

The Relationship between R&D Expenditures, Patent Applications and Growth: A Dynamic Panel Causality Analysis for OECD Countries

Authors: Asst. Prof. Dr. Salih Türedi

Publisher: Anadolu University

Main Topics: Social Sciences

Journal: Anadolu Üniversitesi Sosyal Bilimler Dergisi 2016 Vol.16 Issue 1, pp.39-48

Document Type: Article

Publication Date: 4/2016

Document Language: Turkish

Document ID (Org No.): 2000877847

Frequency: Quarterly

eISSN: 2667-8683

R&D Expenditures

Patent Applications

Growth, Panel Causality

Issues

Authors:

Asst. Prof. Dr. Salih Türedi

Publisher:

Anadolu University

Main Topics:

Social Sciences

Journal:

Anadolu Üniversitesi Sosyal Bilimler Dergisi 2016 Vol.16 Issue 1, pp.39-48

Document Type:

Article

Publication Date:

4/2016

Document Language:

Turkish

Document ID (Org No.):

2000877847

Frequency:

Quarterly

eISSN:

2667-8683