Key role of R & D intensity on political and financial stability: Evidence from the G-8 countries
| dc.contributor.author | Yildirim, Yavuz | |
| dc.contributor.author | Balan, Feyza | |
| dc.date.accessioned | 2025-01-27T19:02:46Z | |
| dc.date.available | 2025-01-27T19:02:46Z | |
| dc.date.issued | 2018 | |
| dc.department | Çanakkale Onsekiz Mart Üniversitesi | |
| dc.description.abstract | The concept of globalization has increased the importance of the expenditures on R & D, which are well known as the fundamental source for economic growth of both developing and developed countries. Even though, there have been a great number of studies subjected to the R & D-economic growth relationship, there have rarely been studied on the subject of the relationship among R & D, political stability and financial stability. In this regard, the main scope of this study is to investigate the causal relationships between R & D intensity and political stability and financial stability for G-8 countries during the period 1996-2013. Applying the Dumitrescu-Hurlin panel non-causality test, the empirical findings of this study shows that there exists a causal relationship running from R & D intensity to political stability and financial stability. Moreover, this study shows that R & D intensity has a positive and statistically significant effect on both political and financial stability of the G-8 countries. © The Social Sciences Research Society.; Küreselleşme kavrami, AR-GE harcamalarinin önemini arttirmiştir. AR-GE hem gelişmiş hem de gelişmekte olan ülkelerin ekonomik büyümesinin temel kaynaği olarak bilinmektedir. AR-GE-ekonomik büyüme arasindaki ilişkinin araştirilmasi hususunda pek çok çalişma olmasina rağmen, AR-GE ile finansal istikrar ve siyasi istikrar arasindaki ilişki nadiren incelenmiştir. Bu bağlamda, bu çalişmanin temel amaci, 1996-2013 dönemleri arasinda G-8 ülkelerinin AR-GE, finansal istikrar ve siyasi istikrar arasindaki nedensellik ilişkilerini Dumitrescu-Hurlin'in panel nedensellik testini kullanarak araştirmaktir. Test sonuçlari tek yönlü bir nedensellik ilişkisi vermektedir ki bu da AR-GE yoğunluğundan finansal istikrar ve siyasi istikrar yönüne doğrudur. Ayrica, Ar-Ge yoğunluğunun G-8 ülkelerinin hem siyasi hem de finansal istikrari üzerinde pozitif ve istatistiksel olarak anlamli bir etkiye sahip olduğu bulunmuştur. © The Social Sciences Research Society. | |
| dc.identifier.endpage | 21 | |
| dc.identifier.issn | 1309-8055 | |
| dc.identifier.issue | 2 | |
| dc.identifier.scopus | 2-s2.0-85065585800 | |
| dc.identifier.scopusquality | Q2 | |
| dc.identifier.startpage | 1 | |
| dc.identifier.uri | https://hdl.handle.net/20.500.12428/13668 | |
| dc.identifier.volume | 10 | |
| dc.indekslendigikaynak | Scopus | |
| dc.language.iso | en | |
| dc.publisher | Social Sciences Research Society | |
| dc.relation.ispartof | International Journal of Economics and Finance Studies | |
| dc.relation.publicationcategory | Makale - Uluslararası Hakemli Dergi - Kurum Öğretim Elemanı | |
| dc.rights | info:eu-repo/semantics/closedAccess | |
| dc.snmz | KA_Scopus_20250125 | |
| dc.subject | Araştirma ve Geliştirme Harcamalari; Financial stability; Finansal I?stikrar; Panel causality; Panel Panel Nedensellik; Political stability; Research and development expenditures; Siyasi I?stikrar | |
| dc.title | Key role of R & D intensity on political and financial stability: Evidence from the G-8 countries | |
| dc.type | Article |
