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Journals / Adam Akademi Sosyal Bilimler Dergisi / 2026 / Cilt: 15 Sayı: 1

The Relationship of Economic Growth and Implied Tax Subsidy Rates on R&D Expenditures: A Dynamic Panel Data Analysis For OECD Countries

Ar-ge Harcamalarındaki Vergi Teşvik Oranları ile Ekonomik Büyüme İlişkisi: OECD Ülkeleri İçin Panel Veri Analizi

Banu Has(EGE ÜNİVERSİTESİ)0000-0001-7693-8490
Sinan Çinar(EGE UNIVERSITY)0000-0002-2756-5875
Pages
59–76
Publication Date
2025-06-30
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AI Summary & Key Takeaways

AI Insight
⚡ TL;DR(Too Long; Didn't Read)

Results show that there is a statistically significant effect of the implied tax subsidy rates on R&D on economic growth.

📌 3 Key Takeaways

🎯
Objective & Hypothesis:The current study examines the effect of implied tax subsidy rates on research and development (R&D) expenditures for large-scale firms on economic growth within the scope of 26 OECD countries.
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Key Findings & Data:A panel data analysis is employed by using annual data for the period 2004-2020.
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Conclusion & Impact:Results show that there is a statistically significant effect of the implied tax subsidy rates on R&D on economic growth.
🔬Design:Modeling & Simulation
📍Scope:2004-2020 Verileri
⚙️Variables:ekonomik büyüme · OECD ülkeleri · panel veri analizi

Abstract

The current study examines the effect of implied tax subsidy rates on research and development (R&D) expenditures for large-scale firms on economic growth within the scope of 26 OECD countries. A panel data analysis is employed by using annual data for the period 2004-2020. Difference GMM, one of the dynamic panel data analysis methods, is used in the analysis. Annual growth rate is used as explained variable. Implied tax subsidy rates on R&D, gross fixed capital formation as a share of GDP, secondary school enrollment rate, and the ratio of labor force participation rate are also used as explanatory variables in the estimated model. Results show that there is a statistically significant effect of the implied tax subsidy rates on R&D on economic growth. The tax subsidy rate on R&D expenditures has a positive impact on economic growth. This study underscores the importance of the tax subsidies on R&D expenditures for economic growth.

Özet

Bu çalışma, 26 OECD ülkesi kapsamında büyük ölçekli firmaların araştırma ve geliştirme (Ar-Ge) harcamaları üzerindeki vergi teşvik oranlarının ekonomik büyüme üzerindeki etkisini incelemektedir. Çalışmada 2004-2020 dönemi için yıllık veriler kullanılarak panel veri analizi yapılmıştır. Analizde dinamik panel veri analiz yöntemlerinden biri olan fark GMM kullanılmıştır. Yıllık büyüme oranı açıklanan değişken olarak kullanılmıştır. Tahmin edilen modelde açıklayıcı değişkenler olarak Ar-Ge'ye uygulanan vergi teşvik oranları, gayrisafi sabit sermaye oluşumu oranı, ortaokul okullaşma oranı ve işgücüne katılım oranı da kullanılmıştır. Sonuçlar, Ar-Ge üzerindeki vergi teşvik oranlarının ekonomik büyüme üzerinde istatistiksel olarak anlamlı bir etkisi olduğunu göstermektedir. Ar-Ge harcamaları üzerindeki vergi teşvik oranı ekonomik büyüme üzerinde pozitif bir etkiye sahiptir. Bu çalışma, Ar-Ge harcamaları üzerindeki vergi teşviklerinin ekonomik büyüme için önemini vurgulamaktadır.

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Cite This Article

Has, B., Çinar, S. (2025). The Relationship of Economic Growth and Implied Tax Subsidy Rates on R&D Expenditures: A Dynamic Panel Data Analysis For OECD Countries. Adam Akademi Sosyal Bilimler Dergisi, Cilt: 15 Sayı: 1, 59–76. https://doi.org/10.31679/adamakademi.1377436

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