The Effect of Technological and Scientific Knowledge on Economic Growth in Turkey (1980 - 2015)

Abstract

In this study, we analyze the relationships among science, technology, andeconomic growth in Turkey for the period 1980 - 2015. We fitted linear regressionand ARDL models by using scientific articles and patents as representatives for thescientific and technological outputs, respectively. The results obtained from thefitted models reveal that there is no significant statistical evidence showing a strongrelation between science, technology, and economic growth. There are two possibleinterpretations of the results. First, the ties between university and industry are weakin Turkey. Second scientific papers of Turkey do not impact the productive sectorsof Turkish economy directly