Türkiye'de teknolojinin ekonomik büyüme üzerindeki etkisi

The purpose of this thesis is to analyze the impact of technology on economic growth in Turkey between the years of 1980 and 2019. This phonemenon has been widely examined in economic literature for some time. Johansen Juselius (JJ) Cointegration Test, Vector Error Correction Model (VECM), VECM-Wald Test, Impulse-Response and Variance Decomposition analyses have been used to show the relationship between technology and economic growth. They indicate a positive relationship between these two variables especially in the long-run. On the other hand, there is a one way causality effect from technology to economic growth. In addition, increased research and development (R&D) expenditures contribute positively to technology thereby to economic growth. Turkish economy can certainly benefit from the manufacturing of technologically developed products which will increase in its international trade revenues. Turkish economy has been suffering from trade imbalance for a long time. Exporting high value-added products will decrease Turkey's dependence on foreign resources for capital and imported products. At the same time, it may be possible to divert more resources from Gross Domestic Product (GDP) to R&D funds. Appropriate and efficient usage of technology will help companies innovate and find new areas of employment. As a result, Turkish economy may have a bigger chance of obtaining a sustainable economic growth for the longer term. This study concludes that increased R&D expenditures increases technology and this increased technology contributes positively to economic growth. Keywords: Technology, Total R&D Expenditure, Economic Growth, Endogenous Growth Models, Turkey.