In:
Pamukkale Üniversitesi İşletme Araştırmaları Dergisi, Pamukkale University, Vol. 8, No. 1 ( 2021-06-30), p. 278-296
Abstract:
Today, considering technological advances and competition levels, innovation is one of the most important elements of the economic growth of countries. Human resource is an important asset in innovation and economic growth processes, reflecting the productivity of individuals with their knowledge, skills and qualifications. Many studies focus on the Turkish economy. In this study, the relationship between innovation, human capital and economic growth in OECD countries was researched using panel data analysis and comparisons between countries in order to make a comprehensive study and to make policy recommendations. The basic hypothesis in this research study was formed as "There is a relationship between innovation, human capital and economic growth". The classical, fixed effect and random effects models were estimated respectively, it was determined that the random effects model gave effective results with Hausman test and the analysis continued with the random effects model. Afterwards, the deviations from the assumptions were determined and the final model was reached by using robust standard errors. According to the analysis results; It has been determined that innovation and human capital variables have a statistically significant effect on economic growth. The meaningful results of the variables included in the econometric model indicate that human capital and innovation as determinants of economic growth are important determinants relevant to all OECD countries.
Type of Medium:
Online Resource
ISSN:
2757-7260
DOI:
10.47097/piar.937726
Language:
Unknown
Publisher:
Pamukkale University
Publication Date:
2021
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