Research-Development Expenditures and Economic Growth Relationship: An Applicat？on for Economies Rise Markets

Innovations in science and technology are one of the driving forces of economic development and growth. Investments in R & D activities are effective in increasing the level of competition as well as economic growth. It also draws attention to the impact of R & D on economic growth in internal growth models. It is important to adopt a continuous understanding of innovation in achieving sustainable economic growth. The development of innovative production systems is key to ensuring efficiency, economic growth and prosperity. In this context, the relationship between R & D and economic growth in the 15 countries that the IMF described as the rising market economy of the IMF was tested by using panel data analysis between 1996-2015. As a result of the analysis, a positive relationship was found between the expenditures made on R & D and economic growth in 15 emerging market economies, and it was also learned that there was a mutual bi-directional causality between the two variables