Effect of High-Tech Exports and R&D Expenditures on Sustainable Economic Growth-Case Study of BRICS Countries and Turkey
Journal Title: Opportunities and Challenges in Sustainability - Year 2023, Vol 2, Issue 1
Abstract
Research & Development (R&D) expenditures and technological development and innovation are crucial for higher and sustainable economic growth of countries. This paper aimed to study the effects of R&D expenditures and high-tech product exports on economic growth rates. Vector autoregressive model (VAR) analysis was made using annual data between 2000-2021 in sampled BRICS countries and Turkey. It was determined that a country's economic growth rates significantly affected R&D expenditures. In addition, R&D expenditures and high-tech exports had no significant effect on economic growth rates. With economic development, the R&D expenditures increased, which was in line with expected results.
Authors and Affiliations
Serdar Kuzu, Merve Arslan
Keywords
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- EP ID EP732056
- DOI https://doi.org/10.56578/ocs020102
- Views 43
- Downloads 0
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