Record Details

Macroeconomic Determinants of Technological Progress in Major Eurozone Member Countries

International Journal of Economic Practices and Theories

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Field Value
 
Title Macroeconomic Determinants of Technological Progress in Major Eurozone Member Countries
 
Creator Bayar, Yilmaz
 
Subject Macroeconomics
Macroeconomics; Technology; Eurozone
C35, O31, O33
 
Description Technological progress is one of the key factors that determine economic growth in both the exogenous growth models and the endogenous growth models. Therefore, technological progress is very important to achieve a sustainable economic growth. In this regard, macroeconomic environment exhibits importance for the decisions of the technological investments by both the governments and the firms which are one of the important determinants in the process of technological progress. This study investigates the relationship between technological progress and some key macroeconomic indicators including economic growth, financial development, inflation, foreign direct investment inflows, savings, high technology exports and research and development expenditures in major Eurozone countries during the period 1999-2012 by using panel Poisson regression and negative binomial regression. The findings from the both models indicated that economic growth, financial development, savings, research and development expenditures and high technology exports had positive impact on technological progress. 
 
Publisher International Journal of Economic Practices and Theories
 
Contributor —
 
Date 2015-10-01
 
Type info:eu-repo/semantics/article
info:eu-repo/semantics/publishedVersion
Peer-reviewed Article
 
Format application/pdf
 
Identifier http://www.ijept.org/index.php/ijept%20/article/view/Macroeconomic_Determinants_of_Technological_Progress_in_Major_Eurozone_Member_Countries
 
Source International Journal of Economic Practices and Theories; Vol 5, No 5 (2015): Special issue on Trends in Sustainable Business and Consumption; 420-427
2247 – 7225
 
Language eng
 
Relation http://www.ijept.org/index.php/ijept%20/article/view/Macroeconomic_Determinants_of_Technological_Progress_in_Major_Eurozone_Member_Countries/pdf