The effect of technological innovation on economic growth: the case of turkey-eu (15) countries

The purpose of this study is to measure the effect of technological innovation performance on economic growth during 1998-2013 for Turkey and the EU-15 countries. Rather than using a single indicator when evaluating the performances of countries in technological innovation, technological innovation index (TIE) values were calculated from the indexes of Technology Achievement Index (TAI) and Archibugi-CoCo (Ar-Co) in international literature. These values calculated for the all years and for all countries are used as independent variables in the econometric model. The coefficients in the panel ARDL model developed in the reference study light in the study were estimated with PMGE. According to the findings obtained, TIE performance of the countries across the panel has a statistically significant and positive effect on the economic growth levels. However, when assessing countries in terms of Turkey on the basis of the findings, that there is a relationship between the variables statistically strong evidence could not be obtained. As a result of Turkey's possible to say that both TIA value of the sample remains far behind both in terms of growth performance of countries.