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Strategic Priorities in Competitive Environments pp 281–299Cite as

The Role of R&D Investments on Labor Force: The Case of Selected Developed Countries

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Part of the book series: Contributions to Management Science ((MANAGEMENT SC.))

Abstract

Whether the change in R&D spending creates technological unemployment, in particular, is a controversial issue. Acceptance of this hypothesis might not be possible under all circumstances. At this point, especially if country-based research is conducted, it might be the right choice to consider the countries with the highest R&D expenditure. This study empirically analyses the role of R&D spending on unemployment by using annual data from 1996 to 2017 of 15 developed countries. In empirical results, it was first determined that there is no co-integration between the ratio of R&D expenditures to GDP and the unemployment rate. Therefore, an attempt was made to determine the existence of a hidden co-integration among the shocks of these variables. The direction of asymmetric causality among them was investigated as a result of the detection of findings that is evidence of hidden co-integration. Although there is an otherwise observation, asymmetric causality analysis results predominantly show that there is causality from R&D expenditures to unemployment.

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Notes

  1. 1.

    https://data.oecd.org/rd/gross-domestic-spending-on-r-d.htm

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Authors and Affiliations

  1. Vocational School of Social Sciences, Istanbul Medipol University, Kadıköy/İstanbul, Turkey

    Halim Baş

  2. Faculty of Political Sciences, Istanbul Medeniyet University, Kadıköy/İstanbul, Turkey

    İsmail Canöz

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  1. Halim Baş
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Correspondence to Halim Baş .

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  1. Istanbul Medipol University, Kadiköy, Istanbul, Turkey

    Hasan Dincer

  2. Istanbul Medipol University, Besiktas, Istanbul, Turkey

    Serhat Yüksel

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Baş, H., Canöz, İ. (2020). The Role of R&D Investments on Labor Force: The Case of Selected Developed Countries. In: Dincer, H., Yüksel, S. (eds) Strategic Priorities in Competitive Environments. Contributions to Management Science. Springer, Cham. https://doi.org/10.1007/978-3-030-45023-6_14

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