THE ANALYSIS OF MAIN DETERMINANTS OF HIGH TECHNOLOGY EXPORTS: A PANEL DATA ANALYSIS
THE ANALYSIS OF MAIN DETERMINANTS OF HIGH TECHNOLOGY EXPORTS: A PANEL DATA ANALYSIS
Author(s): Sevcan Güneş, Sinem Pınar Gürel, Duygu Yolcu Karadam, Tuğba AkinSubject(s): Supranational / Global Economy, International relations/trade, Economic development
Published by: Kafkas Üniversitesi Sağlık, Kültür ve Spor Daire Başkanlığı Dijital Baskı Merkezi
Keywords: High Technology Exports; Panel Estimation; GMM;
Summary/Abstract: High technology exporter countries can increase their export volume and value more easily than the countries exporting primary goods because of high income elasticity in hightechnology products. In this context this study investigates the main determinants of high-technology exports by using a wide panel data set and a wide range of economic, political and institutional variables for 48 countries with the highest high-technology export to manufactured export ratio. Both panel fixed effects and GMM methodologies have employed to examine the effect of a number of indicators such as, human capital, per capita income, trade openness, foreign direct investments, domestic saving, political stability, reel effective exchange rate, world income growth and patent applications for the period from 1980 to 2017. Estimation results show that trade openness, FDI inflows, per capita income and human capital are important factors that affect high-technology export performance of countries.
Journal: Kafkas Üniversitesi İktisadi ve İdari Bilimler Fakültesi Dergisi
- Issue Year: 11/2020
- Issue No: 21
- Page Range: 242-267
- Page Count: 26
- Language: English