Interdependence between Gross Capital Formation, Public Expenditure on R&amp;D and Innovation in Turkey

Šatrović, Elma; Muslija, Adnan; Abul, Sadeq J.; Gligorić, Dragan; Dalwai, Tamanna

doi:10.1080/19448953.2020.1818027

Cited by 6 publications

(4 citation statements)

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“…Furthermore, the asymmetric Frontiers in Environmental Science frontiersin.org investigation revealed positive and negative shocks of domestic investments positively linked to technological innovation in the long and short run, suggesting that the domestic capital formation induces technological innovation in BRI nations with the motivation to achieve operational and energy efficiency. Our study findings are supported by the existing literature studies (Massell, 1960;Howitt and Aghion, 1998;Satrovic et al, 2021). The multiple effects of technical innovation on the economy are readily apparent in terms such as economic growth, global competitiveness, financial systems, quality of life, and trade openness (Satrovic et al, 2021).…”

Section: Discussionsupporting

confidence: 86%

“…Our study findings are supported by the existing literature studies (Massell, 1960;Howitt and Aghion, 1998;Satrovic et al, 2021). The multiple effects of technical innovation on the economy are readily apparent in terms such as economic growth, global competitiveness, financial systems, quality of life, and trade openness (Satrovic et al, 2021). Regarding innovation, businesses are considered crucial factors, and the government is viewed as enhancing their ability to absorb, improve, and develop new technologies.…”

Section: Discussionsupporting

confidence: 83%

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Nexus between green investment and technological innovation in BRI nations: What is the role of environmental sustainability and domestic investment?

Xiao

Qamruzzaman

2022

Front. Environ. Sci.

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The critical role of technological innovation has been extensively investigated by considering various aspects of macro-fundamentals across the world. Although the determents of technological innovation have been investigated predominantly from the perspective of firms, the role of macro-fundamentals is yet to be extensively explored. The aim of the study is to investigate the effects of green investment, measured by renewable energy; domestic investment measured by gross capital formation; and environmental sustainability measured by carbon emission on technological innovation in BRI nations for the period 2000–2021. The study used a cross-sectional dependency test, a unit root test following CADF and CIPS, an error correction-based panel cointegration test, ARDL, CS-ARDL, and a nonlinear ARDL. Furthermore, the directional causalities were documented by performing the heterogeneous causality test. Taking into account the findings of the study, it is revealed that green investment and domestic investment are positively connected with technological innovation in BRI nations, while environmental sustainability is correlated negatively and statistically significant to technological innovation. Furthermore, the asymmetric investigation established asymmetric effects from green investment, environmental sustainability, and domestic investment to technological innovation. According to the asymmetric coefficients, the positive and negative shocks of green and domestic investment disclosed positive and statistically significant links with technological innovation, whereas the asymmetric shocks in environmental sustainability revealed adverse ties to technological innovation in BRI nations. The study documented the unidirectional causal effects from green investment to technological innovation [GI→TI] and technological innovation to environmental sustainability [TI→ES]. Furthermore, the study documented bidirectional casualties between domestic investment, foreign direct investment, financial development, and technological innovation [TI←→DI; TI←→FDI; TI←→FD]. The study suggested that domestic capital formation and environmental protection in BRI nations should be actively promoted to accelerate technological innovation. Furthermore, the study postulated that investment in research and development should be encouraged with incentives for technological innovation.

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Section: Discussionsupporting

confidence: 86%

Section: Discussionsupporting

confidence: 83%

Nexus between green investment and technological innovation in BRI nations: What is the role of environmental sustainability and domestic investment?

Xiao

Qamruzzaman

2022

Front. Environ. Sci.

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“…This suggests that energy efficient products and technology improvements can help address environmental degradation. Financial inclusion can help with sustainable development efforts by increasing the adoption of such technology [ 55 ]. Financial inclusion is especially important for disadvantaged groups such as farmers and low-income families.…”

Section: Methodsmentioning

confidence: 99%

Does financial inclusion and information communication technology affect environmental degradation in oil-producing countries?

Alam,

Shichang,

Muneer

et al. 2024

PLoS ONE

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Advances in financial inclusions have contributed to economic growth and poverty alleviation, addressing environmental implications and implementing measures to mitigate climate change. Financial inclusions force advanced countries to progress their policies in a manner that does not hinder developing countries’ current and future development. Consequently, this research examined the asymmetric effects of information and communication technology (ICT), financial inclusion, consumption of primary energy, employment to population ratio, and human development index on CO2 emissions in oil-producing countries (UAE, Nigeria, Russia, Saudi Arabia, Norway, Kazakhstan, Kuwait, Iraq, USA, and Canada). The study utilizes annual panel data spanning from 1990 to 2021. In addition, this study investigates the validity of the Environmental Kuznets Curve (EKC) trend on the entire sample, taking into account the effects of energy consumption and population to investigate the impact of financial inclusion on environmental degradation. The study used quantile regression, FMOLS, and FE-OLS techniques. Preliminary outcomes revealed that the data did not follow a normal distribution, emphasizing the need to use quantile regression (QR). This technique can effectively detect outliers, data non-normality, and structural changes. The outcomes from the quantile regression analysis indicate that ICT consistently reduces CO2 emissions in all quantiles (ranging from the 1st to the 9th quantile). In the same way, financial inclusion, and employment to population ratio constrains CO2 emissions across each quantile. On the other side, primary energy consumption and Human development index were found to increase CO2 emissions in each quantile (1st to 9th). The findings of this research have implications for both the academic and policy domains. By unraveling the intricate interplay between financial inclusion, ICT, and environmental degradation in oil-producing nations, the study contributes to a nuanced understanding of sustainable development challenges. Ultimately, the research aims to guide the formulation of targeted policies that leverage financial inclusion and technology to foster environmentally responsible economic growth in oil-dependent economies.

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“…Service companies to become more competitive on the European market (Dobrzański et al, 2021 ; Hidalgo & D'Alvano, 2014 ; Li et al, 2018 ; Rua & Franca, 2017 ) should direct efforts towards the so-called “service innovations” related to social and business changes in companies (Gallouj et al, 2015 ), but not focus only on implementing innovations in their general understanding (Gonçalves et al, 2017 ; Jones & Basso, 2017 ). In the field of innovation-related activities, a special role in the development of competitiveness and increasing the attractiveness of the sector is assigned to expenditures on research and development (R&D), introduced innovations, but also factors independent of innovative activity, such as productivity (Satrovic et al, 2021 ). Among the above-mentioned determinants of competitiveness, the first two are particularly interesting in the context of the discussed issues.…”

Section: Introductionmentioning

confidence: 99%

Innovative Activity of the Service Sector of the EU Member States

Decyk

2023

J Knowl Econ

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Expenditures on innovative activities, including R&D, play a key role in introducing innovations and consequently in the level of innovativeness. The aim of the research was to assess the level of innovative activity in the service sector in the Member States of the European Union (EU), in terms of incurred expenditure and achieved effects. To achieve the given aim various methods were used, including: monographic method, analysis and criticism of the literature, index and statistical analyses. The implementation of the assumed goal was carried out on the basis of two groups of indicators — effects and expenditure incurred on innovative activities. The research procedure was carried out in three stages: detailed assessment of the indicators, identification of similarities within the studied countries and determination of correlations occurring in them, and assessment of the synthetic Perkal’s indicator regarding outlays and effects. The results of the research provided information on the level of the use of inputs in relation to the effects in the service sector of individual EU countries. Countries ranked high in the innovativeness ranking (Denmark, France) are characterized by higher outlays and the effects achieved as a result of them, as well as show favorable or neutral relations between them. A high level of effects in relation to the expenditure was also observed in Malta, Spain, and Croatia. The results of the research constitute valuable information on the effectiveness of the use of expenditure on innovative activities, especially significant from the point of view of service entities from countries with a low level of innovative activity. These enterprises should draw on good practices and experience and even try to cooperate in the creation of innovations with companies from countries with a high level of innovative activity. Consequently, such practices will contribute to a more dynamic and sustainable development of innovativeness in the service sector of all EU.

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Interdependence between Gross Capital Formation, Public Expenditure on R&D and Innovation in Turkey

Cited by 6 publications

References 0 publications

Nexus between green investment and technological innovation in BRI nations: What is the role of environmental sustainability and domestic investment?

Nexus between green investment and technological innovation in BRI nations: What is the role of environmental sustainability and domestic investment?

Does financial inclusion and information communication technology affect environmental degradation in oil-producing countries?

Innovative Activity of the Service Sector of the EU Member States

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