Finansal kalkınma sürecinin ar-ge harcamaları üzerindeki etkisi: Schumpeter haklı mıydı?

Bu çalışmanın amacı, OECD üyesi ülkelerde finansal kalkınmanın Ar-Ge harcamaları üzerindeki etkilerini panel veri analizlerini kullanarak incelemektir. Panel veri analiz sonuçları, finansal derinliğin beşeri sermaye kullanımı için yapılan ödemeler ile bilimsel ve teknoloji tabanlı akademik dergilerde yayımlanan makale sayısı üzerinde anlamlı bir etki yaratamadığını göstermiştir. Ayrıca elde edilen bulgular finansal kalkınma sürecinin yüksek teknolojili ürün ihracat düzeyini, Ar-Ge harcamalarını, Ar-Ge endüstrilerindeki istihdamı ve patent başvurularını hızlandırdığını ortaya koymuştur. Analiz sonuçları bir bütün olarak değerlendirildiğinde, finansal kalkınmanın teknoloji üzerinde pozitif bir etkiye sahip olduğunu ifade eden Schumpeteryan hipotezin geçerli olduğu söylenebilir.

The impact of the process of financial development on r&d expenditures: Was schumpeter right?

The purpose of this study is to investigate the effects of financial development on R&D expenditures in OECD member countries by employing panel data analysis. The results of the panel data analysis show that financial deepening does not have any significant effects on the use of intellectual property payments and the articles published in scientific and technical journal. Besides, the findings reveal that the process of financial development accelerates the level of high technology-based export, R&D expenditures, employment in R&D industries and patent applications. As a whole, it can be said that the Schumpeterian hypothesis which suggests the positive impact of financial development on technology is valid.

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