Siyaset Ekonomi ve Yönetim Araştırmaları Dergisi
Yazarlar: Ömer İSKENDEROĞLU, Saffet AKDAĞ
Konular:-
Anahtar Kelimeler:Economic Fitness,Economic Indicators,Panel Cointegration,Panel Causality
Özet: The economic fitness index is an index that measures countries’ ability of product differentiation and degree of competitiveness in producing complex products on a global scale. The index can also be identified as an indicator of global economic power. This study aims to determine whether or not economic growth, R&D expenditures, exports, and net foreign capital inflows are effective on this index. In this context, the relationship between GDP, R&D expenditures, exports, net foreign capital inflows, and economic fitness index data of 20 countries obtained over the period 1996-2015 is tested via panel causality, panel cointegration, FMOLS, and DOLS analyses. Cointegration and causality relationships between the variables are determined, and it is concluded that the R&D expenditures have a positive impact on the economic fitness index, respectively.