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Journals / Sosyoekonomi / 2022 / Cilt: 30 - Sayı: 54

The Relationship Between Innovation and Economic Growth: Panel Cointegration and Panel Causality Analysis

Yenilik ve Ekonomik Büyüme Arasındaki İlişki: Panel Eşbütünleşme ve Panel Nedensellik Analizi

Gökhan DEMİRTAŞ
Şule Yüksel ÇAKIRCA
Pages
313–334
Publication Date
2022-10-25
DOI
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AI Summary & Key Takeaways

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

On the other hand, the results show that while PA and PCT documents positively affect economic growth, the CII does not significantly affect economic growth.

📌 3 Key Takeaways

🎯
Objective & Hypothesis:This paper aims to examine the relationship between innovation and economic growth.
📊
Key Findings & Data:For this purpose, panel cointegration and causality analysis were applied to 36 developed and developing countries from 1996-2018.
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Conclusion & Impact:On the other hand, the results show that while PA and PCT documents positively affect economic growth, the CII does not significantly affect economic growth.
🔬Design:Research Article
📍Scope:2018 Verileri
⚙️Variables:Yenilik · Ekonomik Büyüme · Panel Eşbütünleşme Analizi

Abstract

This paper aims to examine the relationship between innovation and economic growth. For this purpose, panel cointegration and causality analysis were applied to 36 developed and developing countries from 1996-2018. According to the study results, economic growth positively affects the number of patent applications (PA) and composed innovation index (CII). In contrast, economic growth does not affect the number of patent cooperation treaty (PCT) documents. On the other hand, the results show that while PA and PCT documents positively affect economic growth, the CII does not significantly affect economic growth.

Özet

Bu çalışmanın amacı, yenilik ve ekonomik büyüme arasındaki ilişkiyi incelemektir. Bu amaçla, 1996-2018 yılları için 36 gelişmiş ve gelişmekte olan ülke üzerinde panel eşbütünleşme ve nedensellik analizi uygulanmıştır. Çalışma sonuçlarına göre ekonomik büyüme, patent başvuru sayısını (PA) ve birleşik yenilik endeksini (CII) olumlu yönde etkilerken ekonomik büyüme, patent iş birliği anlaşması (PCT) belge sayısını etkilememektedir. Diğer yandan çalışmanın sonuçları, PA ve PCT belge sayısının ekonomik büyüme üzerinde olumlu bir etkisi olduğunu, CII’nın ise ekonomik büyüme üzerinde anlamlı bir etkisinin olmadığını göstermektedir.

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Cite This Article

DEMİRTAŞ, G., ÇAKIRCA, Ş. Y. (2022). The Relationship Between Innovation and Economic Growth: Panel Cointegration and Panel Causality Analysis. Sosyoekonomi, Cilt: 30 - Sayı: 54, 313–334. https://ajindex.com/articles/700218

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