Article ID | Journal | Published Year | Pages | File Type |
---|---|---|---|---|
1110103 | Procedia - Social and Behavioral Sciences | 2015 | 7 Pages |
Abstract
This paper focuses on the influence of technological progress and innovation on the Turkish economy. The economic structure of Turkey has changed dramatically over the last three and a half decades during which technology has become a crucial endogenous variable in aggregate production function. The new technology investments brought with them high productivity rates and rapid, positive economic growth. The inter-relation between technological progress and economic growth is summarized and analyzed using quantitative methods. The Econometric results show a significant effect of technological progress and innovation on economic growth.
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