Research Information System
3rd International Conference on New Trends in Econometrics and Finance (ICNTEF’17 ), Helsinki, Finland, 28 - 29 April 2017, vol.1, pp.23-34, (Full Text)
This paper quantifies the patent applications regarding the effect of increasing academic investments and education expenditures in Turkey. For the last fifteen years, number of universities, research institutions (both state and private) and university graduates has increased sharply. It is important to look for the pecuniary and non-pecuniary returns of education to individuals and society. As a growing trend in the world, innovation-based growth has occupied the most efficient part of the whole economic growth. For this reason, innovation that depends on science and technology has become more studied subject in economic growth models and economics of education. As a result of rising investments and support for scientific research and educational facilities; many new bright ideas and patent applications by Turkish university students or researchers has appeared. To sum-up, this study has considered the number of patent grants and applications for an invention or development of a scientific product by university departments or a research institution.. etc. Finally, the relationship between investment in education system as well as R&D and the number of patent grants throughout the last decade in Turkey has been further analysed.