The Impact of R&D Expenditures on Development: A Case of Turkey
Journal Title: International Journal of Humanities and Social Science Invention - Year 2017, Vol 6, Issue 4
Abstract
R&D (Research and Development) expenditure is an important factor for the competitive strength and economic development of a country. R&D activities influence development through many channels such as innovation, accumulation of capital, and development in human capital. R&D expenditures are the main driving force for economic growth with innovations that they have created. Today's economies are faced with intense competition. This is not only the competition that globalization brings along but also the result of the development in the field of knowledge and technology. This new competition has required greater emphasis on R&D activities. R&D investments significantly affect the development level of a country. Development levels of countries are measured by the size of the resources they allocate to R&D expenditures. Turkey has dramatically increased its R&D and innovation-oriented work in the process of economic transformation it went through 2000's, and as a reflection of that, it has made progress in terms of both financial and human capital in the sources directed to works. In this study, the relationship between R&D expenditures and human development index for Turkey was analysed with the help of regression model; it was determined that HDI variable will increase by 6% if the R&D variable increased by 1%. The positive statistically significant effect of R&D variable on development was obtained.
Authors and Affiliations
Betül GÜR
Keywords
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