Pregledni rad
THE CAUSALITY RELATIONSHIPS BETWEEN FDI AND R&D IN EUROPEAN UNION
Osman Murat Telatar
; Karadeniz Technical University, Economy Department, Turkey
Murat Can Genc
; Karadeniz Technical University, Economy Department, Turkey
Hilal Yildirir Keser
; Uludag University, Foreign Trade Department, Turkey
Sema Ay
; Uludag University, Foreign Trade Department, Turkey
M. Kemal Deger
; Karadeniz Technical University, Economy Department, Turkey
Sažetak
Technological development and R&D activities are accepted as one of the factors of basic production in
endogenous growth theories. There has been an increasing interest towards R&D on the level of both
firm and country. Moreover countries regard FDI as an important element which increase R&D activities.
Although there are numerous studies which investigate relationship of both FDI and R&D on
macroeconomic variables such as economic growth, employment and export; the number of studies
which investigate the relationship between FDI and R&D is quite few. The aim of this study is to analyze
relationships between FDI and R&D in the example of EU15 and EU27. For this aim, 1996–2009 period
data of mentioned countries were considered and dynamic panel causality testing was done. According
to the findings obtained from empirical test made in the study, there is one-way causality relationship
among EU15 and EU 27 countries from FDI towards R&D. This finding points out to the existence of
complementary relationship between FDI’s and R&D for EU.
Ključne riječi
European Union; FDI; Panel Causality; R&D
Hrčak ID:
128534
URI
Datum izdavanja:
1.3.2014.
Posjeta: 1.891 *