Effects of Productivity, R&D and Income Inequality on Economic Growth: An Empirical Estimation Using Panel Data
Purpose: The purpose of this paper is to empirically consider the effects of Total Factor Productivity (TFP), R&D, and income inequality on economic growth using panel data covering a broad range of developing and developed countries.Methodology: Panel data on relevant variables observed between...
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Sanayi ve Teknoloji Bakanlığı
2025-01-01
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| Series: | Verimlilik Dergisi |
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| Online Access: | https://dergipark.org.tr/tr/download/article-file/4045022 |
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| author | Hakan Yıldırım Hakan Aydoğan |
| author_facet | Hakan Yıldırım Hakan Aydoğan |
| author_sort | Hakan Yıldırım |
| collection | DOAJ |
| description | Purpose: The purpose of this paper is to empirically consider the effects of Total Factor Productivity (TFP), R&D, and income inequality on economic growth using panel data covering a broad range of developing and developed countries.Methodology: Panel data on relevant variables observed between 1998 and 2018 for 29 countries were analyzed. Cross-sectional dependence and stationarity tests of the variables were performed, then panel data regression models were tested and parameters were estimated. Then, the most appropriate model was determined and model assumptions such as autocorrelation, heteroskedasticity and cross-sectional dependence of model errors were tested. In all analyses, R statistical program was used.Findings: According to the analysis results, it has been determined that while productivity and R&D variables affect economic growth positively, increasing of income inequality also affects economic growth negatively.Originality: This research fills the gap in the literature in some ways: Our analysis covers a wider range of countries in both developing as well as developed countries, and emphasizes on recent period Gini coefficients, R&D expenditures, and productivity, from 1998 to 2018. Furthermore, the results of this research will not only facilitate the economic policymakers of the countries but will also be effective in realizing how important R&D expenditures and productivity are in economic growth. |
| format | Article |
| id | doaj-art-a1e3acb914164b57a0750c97ac207c78 |
| institution | Kabale University |
| issn | 1013-1388 |
| language | English |
| publishDate | 2025-01-01 |
| publisher | Sanayi ve Teknoloji Bakanlığı |
| record_format | Article |
| series | Verimlilik Dergisi |
| spelling | doaj-art-a1e3acb914164b57a0750c97ac207c782025-01-28T08:37:49ZengSanayi ve Teknoloji BakanlığıVerimlilik Dergisi1013-13882025-01-01591476010.51551/verimlilik.1510434417Effects of Productivity, R&D and Income Inequality on Economic Growth: An Empirical Estimation Using Panel DataHakan Yıldırım0https://orcid.org/0000-0003-0851-4607Hakan Aydoğan1https://orcid.org/0000-0001-9482-9888MARMARA ÜNİVERSİTESİKASTAMONU ÜNİVERSİTESİPurpose: The purpose of this paper is to empirically consider the effects of Total Factor Productivity (TFP), R&D, and income inequality on economic growth using panel data covering a broad range of developing and developed countries.Methodology: Panel data on relevant variables observed between 1998 and 2018 for 29 countries were analyzed. Cross-sectional dependence and stationarity tests of the variables were performed, then panel data regression models were tested and parameters were estimated. Then, the most appropriate model was determined and model assumptions such as autocorrelation, heteroskedasticity and cross-sectional dependence of model errors were tested. In all analyses, R statistical program was used.Findings: According to the analysis results, it has been determined that while productivity and R&D variables affect economic growth positively, increasing of income inequality also affects economic growth negatively.Originality: This research fills the gap in the literature in some ways: Our analysis covers a wider range of countries in both developing as well as developed countries, and emphasizes on recent period Gini coefficients, R&D expenditures, and productivity, from 1998 to 2018. Furthermore, the results of this research will not only facilitate the economic policymakers of the countries but will also be effective in realizing how important R&D expenditures and productivity are in economic growth.https://dergipark.org.tr/tr/download/article-file/4045022ekonomik büyümear-getoplam faktör verimliliğiginipanel veri analizieconomic growthr&dtfpginipanel data analysis |
| spellingShingle | Hakan Yıldırım Hakan Aydoğan Effects of Productivity, R&D and Income Inequality on Economic Growth: An Empirical Estimation Using Panel Data Verimlilik Dergisi ekonomik büyüme ar-ge toplam faktör verimliliği gini panel veri analizi economic growth r&d tfp gini panel data analysis |
| title | Effects of Productivity, R&D and Income Inequality on Economic Growth: An Empirical Estimation Using Panel Data |
| title_full | Effects of Productivity, R&D and Income Inequality on Economic Growth: An Empirical Estimation Using Panel Data |
| title_fullStr | Effects of Productivity, R&D and Income Inequality on Economic Growth: An Empirical Estimation Using Panel Data |
| title_full_unstemmed | Effects of Productivity, R&D and Income Inequality on Economic Growth: An Empirical Estimation Using Panel Data |
| title_short | Effects of Productivity, R&D and Income Inequality on Economic Growth: An Empirical Estimation Using Panel Data |
| title_sort | effects of productivity r d and income inequality on economic growth an empirical estimation using panel data |
| topic | ekonomik büyüme ar-ge toplam faktör verimliliği gini panel veri analizi economic growth r&d tfp gini panel data analysis |
| url | https://dergipark.org.tr/tr/download/article-file/4045022 |
| work_keys_str_mv | AT hakanyıldırım effectsofproductivityrdandincomeinequalityoneconomicgrowthanempiricalestimationusingpaneldata AT hakanaydogan effectsofproductivityrdandincomeinequalityoneconomicgrowthanempiricalestimationusingpaneldata |