R&D Spending and Economic Growth in Selected OECD Countries

Abstract

R&D is one of the important factors affecting economic growth. Increased use of R&D will increase competition in manufacturing sectors, which will have a positive impact on the economy, improving product quality and diversity and improving productivity, which will increase production itself. The purpose of this study is to investigate the effects of R&D spending on economic growth using the GMM method for the 15 selected OECD countries from 2012 to 2018. The estimation results show that R&D has had a positive and significant effect on economic growth in the countries studied. Also, GDP of the last year, exchange rate and tax have had a positive impact on economic growth.

Seçi̇lmi̇ş Oecd Ülkeleri̇ İçi̇n Sağlik Harcamalari Ve Ekonomi̇k Büyüme: Yeni̇ Nesi̇l Panel Eşbütünleşme Anali̇zi̇

“…Mehrara et al (2012) found a negative relation between healthcare expenditures and economic growth for the 13 MENA countries for the period of 1995-2005. Badri and Badri (2016) study indicates a positive effect of healthcare expenditures on economic growth for the 24 OECD countries for the period of 2006-2013. Agir and Tiras (2018) found a two-way causality between healthcare expenditures and economic growth for a list of 173 countries for the period of 1995-2014.…”

Health Expenditure, CO2 Emissions, and Economic Growth: China vs. India

“…Many previous studies have focused on assessing the impact of large-scale health sustainability, except for the distribution of health resources (Bloom, Kuhn, & Prettner, 2019). Badri & Badri tested the common complementarity between health spending and GDP in OECD countries (Badri & Badri, 2016). The results showed that health spending and gross domestic product were linked to 12 countries.…”

Enflasyon Ve Ekonomi̇k Büyüme: Oecd Ülkeleri̇ İçi̇n Di̇nami̇k Panel Eşi̇k Etki̇ Anali̇zi̇

“…Romer (1986) ve Lucas (1988) tarafından geliştirilen büyüme modellerinde de tahmin edildiği gibi sermaye birikimi, doğal olarak ekonomik büyüme ve gelişme sürecine önemli oranda bir katkı sağlamaktadır. Bloom & Canning (2000), Badri & Badri (2016), Piabuo & Tieguhong (2017), Ağır & Tıraş (2018), Yıldız & Yıldız (2018)'e göre, sağlık harcamalarındaki artışların; ekonominin beşeri sermaye kalitesini, çalışanların işgücü verimliliğini, ortalama yaşam süresini artırmaya yardımcı olacağı ve ayrıca fiziksel yatırımlarıda teşvik ederek ekonomik büyümeyi olumlu etkileyeceği ileri sürülmektedir. Modelin kontrol değişkenlerinden merkezi hükümet tüketim harcamaları ile ekonomik büyüme arasında ise negatif ilişki tespit edilmiştir.…”