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Journals / Sosyoekonomi / 2021 / Cilt: 29 Sayı: 50

Investigation of the Effect of R&D, Education and Health Expenditures on Economic Growth by Panel Data Analysis Method

Ar-Ge, Eğitim ve Sağlık Harcamalarının Ekonomik Büyüme Üzerindeki Etkisinin Panel Veri Analizi Yöntemiyle Değerlendirilmesi

Durmuş Gökkaya(YOZGAT BOZOK ÜNİVERSİTESİ)0000-0002-6713-1748
Osman Şenol(SÜLEYMAN DEMİREL ÜNİVERSİTESİ)0000-0001-5626-2921
Ümit Çıraklı(Yozgat Bozok Üniversitesi İktisadi ve İdari Bilimler Fakültesi Sağlık Yönetimi Bölümü)0000-0002-3134-8830
Pages
95–108
Publication Date
2021-10-31
🏛️Bibliographic metadata and full text access for this article are provided via DergiPark.
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AI Summary & Key Takeaways

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

In contrast, R&D expenditures have a minor positive effect on economic growth in the short run but more in the long run.

📌 3 Key Takeaways

🎯
Objective & Hypothesis:This study aims to reveal the effects of R&D, education, and health expenditures on economic development.
📊
Key Findings & Data:For this purpose, the study examines the 2000-2019 data of 45 countries in the middle-upper-income and high-income country groups by panel data analysis method.
💡
Conclusion & Impact:In contrast, R&D expenditures have a minor positive effect on economic growth in the short run but more in the long run.
🔬Design:Araştırma Makalesi
📍Scope:2000-2019 Verileri
⚙️Variables:Ar-Ge · Ekonomik Büyüme · Eğitim Harcaması

Abstract

This study aims to reveal the effects of R&D, education, and health expenditures on economic development. For this purpose, the study examines the 2000-2019 data of 45 countries in the middle-upper-income and high-income country groups by panel data analysis method. Errors encountered in panel data basic assumption tests were corrected with Driscoll-Kraay standard errors. As a result, it has been determined that a one-unit increase in education and health expenditures contributes more to economic growth than one unit. In contrast, R&D expenditures have a minor positive effect on economic growth in the short run but more in the long run.

Özet

Bu çalışma Ar-Ge, eğitim ve sağlık harcamalarının ekonomik gelişme üzerinde etkileri ortaya koymayı amaçlamaktadır. Bu amaçla çalışma orta-üst gelir ve yüksek gelirli ülke gruplarında yer alan 45 ülkenin 2000-2019 verilerini panel veri analiz yöntemi ile incelemektedir. Panel veri temel varsayım testleri sonucu karşılaşılan hatalar Driscool-Kraay standart hatalar ile düzeltmiştir. Çalışma sonucunda eğitim ve sağlık harcamalarındaki bir birimlik artışın ekonomik büyümeye bir birimden daha fazla katkı sağladığı, Ar-Ge harcamalarının ise ekonomik büyüme üzerinde kısa vadede pozitif etkisi az iken, uzun vadede daha fazla olduğu belirlenmiştir.

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Cite This Article

Gökkaya, D., Şenol, O., Çıraklı, Ü. (2021). Investigation of the Effect of R&D, Education and Health Expenditures on Economic Growth by Panel Data Analysis Method. Sosyoekonomi, Cilt: 29 Sayı: 50, 95–108. https://doi.org/10.17233/sosyoekonomi.2021.04.05

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