THE EFFECT OF HEALTH RESEARCH AND DEVELOPMENT EXPENDITURES ON ECONOMIC GROWTH

Authors : Gülay EKİNCİ, Ahmet KÖSE, Alper CİHAN, Haydar SUR

Pages : 597-614

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Publication Date : 2023-09-26

Article Type : Research Paper

Abstract :This study aims to determine the effect of health R&D insert ignore into journalissuearticles values(Research and Development); expenditures on economic growth at the level of 10 countries insert ignore into journalissuearticles values(Czech Republic, Hungary, Korea, Poland, Portugal, Slovakia, Turkey, Romania, Russia, and South Africa); by using data between 2004-2019. Gross Domestic Product insert ignore into journalissuearticles values(GDP); as representative of economic growth; as the representative of R&D Expenditures in health, Health R&D Expenditures were considered. In the analysis of the relationships between variables Least Square Test, Granger Causality Test, Cointegration Tests, FMOLS and DOLS tests were applied within the framework of Panel Data Analysis. The existence of a bidirectional Granger-type causality relationship between Health R&D Expenditures and GDP and the long-term cointegration relationship between them was determined. FMOLS and DOLS analysis results revealed the positive effect of Health R&D expenditures on economic growth. The results showed that health R&D activities play an important role in general R&D activities in the countries covered by the study and that health R&D expenditures/investments positively affect economic growth.
Keywords : Ekonomik Büyüme, Sağlık Araştırma ve Geliştirme Harcamaları, Granger Nedensellik Testi, Eşbütünleşme Testi, Panel Veri Analizi