Cagdas Abay
Anadolu University, Economics, Department Member
In this study, the relationship between R&D and growth is determined by the model which is produced according to Cobb Douglas production function. Data were analyzed between 10 largest EU countries and Turkey from 1996 to 2018. The... more
In this study, the relationship between R&D and growth is determined by the model which is produced according to Cobb Douglas production function. Data were analyzed between 10 largest EU countries and Turkey from 1996 to 2018. The econometric methods used in the analysis are fixed effects model, random effects model, GMM and system GMM. As a result, growth rate is most affected by government budget allocations for R&D. The increase in the government budget allocations for R&D increases the growth rate more than other variables.