Hence, on the ground of theseresults, it can be argued that it is important for thecountries aiming to achieve a sustainable and high rateof growth to allocate more resources for R&D activitiesand establish an efficient patent system.
📌 3 Key Takeaways
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Objective & Hypothesis:Öz The causality relationship of economic growth withR&D expenditures and patent applications for the 23OECD member countries is investigated in this studyby utilising from the data belonging the period of 1996-2011.
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Key Findings & Data:To that aim, GMM (Generalized Method of Moments)approach developed by Arellano-Bond (1991)and Wald test are used.
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Conclusion & Impact:Hence, on the ground of theseresults, it can be argued that it is important for thecountries aiming to achieve a sustainable and high rateof growth to allocate more resources for R&D activitiesand establish an efficient patent system.
🔬Design:Research Article
📍Scope:2011 Verileri
⚙️Variables:Domain Parameters
Özet
Öz The causality relationship of economic growth withR&D expenditures and patent applications for the 23OECD member countries is investigated in this studyby utilising from the data belonging the period of 1996-2011. To that aim, GMM (Generalized Method of Moments)approach developed by Arellano-Bond (1991)and Wald test are used. Panel causality estimationresults put forth a two-way and positive causality betweenR&D expenditures and economic growth, and aone-way and positive causality from patent applicationsto economic growth. Hence, on the ground of theseresults, it can be argued that it is important for thecountries aiming to achieve a sustainable and high rateof growth to allocate more resources for R&D activitiesand establish an efficient patent system.
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Cite This Article
Türedi, A. P. D. S. (2016). The Relationship between R&D Expenditures, Patent Applications and Growth: A Dynamic Panel Causality Analysis for OECD Countries. Anadolu Üniversitesi Sosyal Bilimler Dergisi, Cilt: 16 - Sayı: 1, 39–48. https://ajindex.com/articles/9291