R&D expenditures – growth relation had been broadly mentioned in endogenous growth model; however, existence and direction of this relationship has begun to be discussed in recent studies. In this study R&D expenditures – growth relation has been analyzed on the context of causality and VEC (Vector Error Correction) model has been choosen as methodology. As a result of this study, in the short-run there is no relationship between R&D expenditures and economic growth found any other direction; however, in the long-run result that R&D expenditures causes economic growth has been reached
Alan : Sosyal, Beşeri ve İdari Bilimler
Dergi Türü : Uluslararası
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