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Journals / İktisadi İdari ve Siyasal Araştırmalar Dergisi / 2022 / Cilt: 7 - Sayı: 17

The Long-Run Relationship Between R&D Spending and Current Account Balances: A Panel Data Analysis

AR-GE Harcamaları ve Cari İşlemler Dengesi Uzun Dönemli İlişkisi: Panel Veri Analizi

Murat ÇETREZ
Pages
1–12
Publication Date
2022-02-27
DOI
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AI Summary & Key Takeaways

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

Results show that R&D spending is an important factor for both developing and developed countries to improve their current account balances positively. 1% increase in R&D spending improves 3.29% current account surplus for all countries, 4.55% for high income countries group.

📌 3 Key Takeaways

🎯
Objective & Hypothesis:This study aims to find out the long-run relationship between R&D spending and the current account balances.
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Key Findings & Data:The panel data analysis is carried out for the period between 1996 and 2018. 64 developing and developed countries are included in the study.
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Conclusion & Impact:Results show that R&D spending is an important factor for both developing and developed countries to improve their current account balances positively. 1% increase in R&D spending improves 3.29% current account surplus for all countries, 4.55% for high income countries group.
🔬Design:Research Article
📍Scope:2018 Verileri
⚙️Variables:Cari İşlemler Dengesi · Ar-ge Harcamaları · Panel Veri Analizi

Abstract

This study aims to find out the long-run relationship between R&D spending and the current account balances. The panel data analysis is carried out for the period between 1996 and 2018. 64 developing and developed countries are included in the study. Panel cointegration is applied to test the long-run relationships. There are significant and positive long-run relationships between the R&D spending with current account balances for four different country groups which are high income, all countries except industrial, all countries except industrial and African, and all countries groups. Results show that R&D spending is an important factor for both developing and developed countries to improve their current account balances positively. 1% increase in R&D spending improves 3.29% current account surplus for all countries, 4.55% for high income countries group.

Özet

Bu çalışmada AR-GE harcamaları ile cari işlemler dengesi arasında uzun dönemli bir ilişkinin varlığı araştırılmıştır. Panel veri analizi, 64 gelişmiş ve gelişmekte olan ülkeler ile 1996 ve 2018 yılları için uygulanmıştır. Uzun dönemli ilişkiyi araştırmak için panel eşbütünleşme analizi kullanılmıştır. Dört farklı ülke grubu için AR-GE harcamaları ile cari işlemler dengesi arasında pozitif, anlamlı ve uzun dönemli bir ilişki olduğu sonucuna ulaşılmıştır. Bu gruplar, yüksek gelirli ülkeler, sanayileşmiş ülkeler hariç tüm ülkeler, Afrika ve sanayileşmiş ülkeler hariç tüm ülkeler ve tüm ülkeler gruplarıdır. AR-GE harcamalarının sadece gelişmiş ülkelerin cari işlemler dengesi üzerinde değil gelişmekte olan ülkelerin cari işlemler dengesi üzerinde de olumlu etkisi olduğu tespit edilmiştir. Tüm ülkeler grubu için, AR-GE harcamalarındaki %1 artış cari işlemler fazlasını %3,29 arttırırken, yüksek gelirli ülkelerde cari işlemler fazlasını %4,55 arttırmaktadır.

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Cite This Article

ÇETREZ, M. (2022). The Long-Run Relationship Between R&D Spending and Current Account Balances: A Panel Data Analysis. İktisadi İdari ve Siyasal Araştırmalar Dergisi, Cilt: 7 - Sayı: 17, 1–12. https://ajindex.com/articles/674264

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