Government Support and SME Growth in Türkiye: A Romer Model Approach with Ridge Regression

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dc.authorid0000-0001-9891-9477
dc.authorid0000-0002-8289-6570
dc.contributor.authorŞengül, Serkan
dc.contributor.authorKarahan Dursun, Pınar
dc.contributor.authorid355807
dc.contributor.authorid414023
dc.date.accessioned2025-06-02T06:39:18Z
dc.date.available2025-06-02T06:39:18Z
dc.date.issued2025-05
dc.departmentFakülteler, Sanat ve Sosyal Bilimler Fakültesi, Ekonomi ve Finans Bölümü
dc.description.abstractPurpose: This study aims to analyze the growth performance of Small and Medium Enterprises (SMEs) in Türkiye using the Romer (1990) endogenous growth model. The focus is on examining the effects of government support, technological progress, and human capital on SME growth. Design/methodology: The study employs Ridge regression analysis on a dataset spanning the period 2015–2022. Variables such as government support, R&D expenditures, patent applications, human capital, and imports are included, aligning with the assumptions of Romer’s model. The structured approach addresses multicollinearity issues, ensuring robust parameter estimates. Findings: The results indicate that government support significantly enhances the growth performance of SMEs. Technological progress and human capital are confirmed as key drivers of economic growth in line with Romer’s model. While R&D expenditures and imports positively influence production, patent applications exhibit a negative short-term effect, suggesting a delayed commercialization process. Limitations: The dataset covers a limited timeframe (2015–2022), which restricts long-term impact assessments. Future studies could expand the analysis to include a longer timeframe and alternative econometric techniques. Originality/Value: This study is among the first to analyze the role of government support on SME growth in Türkiye through the lens of Romer’s endogenous growth model. The use of Ridge regression to address multicollinearity and the focus on micro-level data provide a unique contribution to the literature.
dc.identifier.citationŞengül, S., & Karahan Dursun, P. (2025). Government Support and SME Growth in Türkiye: A Romer Model Approach with Ridge Regression. Akademik Araştırmalar Ve Çalışmalar Dergisi (AKAD), 17(32), 447-463. https://doi.org/10.20990/kilisiibfakademik.1641024
dc.identifier.doi10.20990/kilisiibfakademik.1641024
dc.identifier.eissn2149-1585
dc.identifier.endpage463
dc.identifier.issue32
dc.identifier.startpage447
dc.identifier.urihttps://dspace.mudanya.edu.tr/handle/20.500.14362/325
dc.identifier.volume17
dc.institutionauthorŞengül, Serkan
dc.institutionauthorKarahan Dursun, Pınar
dc.language.isoen
dc.publisherKilis 7 Aralık Üniversitesi
dc.relation.journalAkademik Araştırmalar ve Çalışmalar Dergisi (AKAD)
dc.relation.publicationcategoryMakale- Ulusal-Hakemli Dergi- Kurum Öğretim Elemanı
dc.rightsinfo:eu-repo/semantics/openAccess
dc.rightsAttribution-NonCommercial-NoDerivs 3.0 United States*
dc.rights.urihttp://creativecommons.org/licenses/by-nc-nd/3.0/us/*
dc.subjectSMEs
dc.subjectRomer Growth Model
dc.subjectInnovation
dc.subjectGovernment Support
dc.subjectRidge Regression
dc.titleGovernment Support and SME Growth in Türkiye: A Romer Model Approach with Ridge Regression
dc.title.alternativeTürkiye'de Devlet Desteği ve KOBİ Büyümesi: Ridge Regresyon ile Bir Romer Modeli Yaklaşımı
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