Özet:

In this study, the knowledge as the production factor considered as the function of the variables of employed human capital, technological spillover, and information technologies, and analysing within the context of the determined model assumptions. Within this respect, the factor variables employed in R&D works, are going to investigate either as an independent variable and as the complements that interacts with the other variables or the factor components. The firms engage in product and process innovations targeted R&D investments which have quite different composition in terms of the input and nature of the output. Therefore, the combination of the optimal factor components should be change accordingly together with the kind of innovative activity. Then, the marginal return to the invented products varies. The firms’ R&D investment decisions should be effected by both of the availability level of factor variables and macro-economic conditions. On the other hand, related with the supply conditions of the research and development (R&D) sources, the external environment beside the firm’s own capacity, should also be effectual. Thereby, while the human capital intensity states the absorption and the adaptation capacity of new technologies which compose of the major capabilities internal to the firm, the basic external environment has forms from the existence of the facilities such as the legislation on intellectual property rights, availability of financial, legal and institutional means that should be effectual on the R&D investment and technological improvements. Key Words: Knowledge Factor Components, Human Capital, Knowledge Spillover, Information Technologies, Product and Process Innovations.

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