Edited By Engin ÇAKIR and Yusuf KADERLİ
Social sciences are made up of science disciplines that research humanity, society, and the world with a human dimension, and therefore its domain of influence is also serious and wide. Naturally, the social scientist has the power to influence society with his/her research and writing. This book aims to add the contributions of academicians from different disciplines to the social sciences fields they specialize in the academic literature and to give an idea about new researches. The book contains scientific articles on business, economics, public finance, tourism, and international relations.
Do Research and Development Investments and Financial Development Promote Human Development? Empirical Evidence from Developing Countries: Mehmet Levent Erdas and Zeynep Ezanoglu
Mehmet Levent Erdas and Zeynep Ezanoglu
Abstract To determine the welfare levels of countries, indexes are calculated through several financial and macroeconomic variables. However, it is necessary to apply social factors in addition to income to enable development in addition to the application of per capita income for the measurement of development levels. One of the indicators providing development levels considering those factors is the human development index (HDI). It has been applied by the United Nations Development Program as annual development reports since 1990. It measures the development levels of societies not only through the economic indicators but also based on other important aspects of human life such as healthy life, knowledge, and access to information and education. Accordingly, it is necessary to find ways to increase the HDI in developing market economies. To this end, this chapter aims to focus on the financial and macroeconomic factors affecting the HDI were analyzed through the Driscoll and Kraay (1998) standard errors estimators. Analyzes were made using selected developing countries between 2000 and 2017. The results indicate that HDI has a significant positive relationship with research and development investments and financial development. Therefore, human development accumulation is affected by research and development investments and financial development and such kind of policies should be implemented.
Keywords: Research and Development Investments, Financial Development, Human Development Index, Panel Data Analysis, Developing Countries
Since it is a comprehensive concept, economic welfare cannot be measured by economic growth. Several active factors have a role on the economic development...
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