| Abstrakt: |
Economists believe that exports of high-tech industries by causing knowledge spillover, increasing competitiveness of firms in foreign markets, increasing the productivity of factors of production and rely on skilled labor, reducing risk and stabilizing export revenues, and so on, high-tech industries can be lead to rapid economic growth in all economic sectors. Several studies have stated that these effects occur only in developed countries. In this paper, the relationship between high-tech industry exports and GDP growth for 30 developing and 30 developed countries over the period of 2007–2020 by applying (Kónya, Economic Modelling, 23(6), 978-992, 2006) and (Dumitrescu and Hurlin, Economic Modelling, 29(4), 1450-1460, 2012) bootstrapping panel causality approaches has been examined and compared. Results of panel causality tests indicate that in the selected developing and developed countries, there is no significant effect of high technology export on GDP growth and there is only one-way causality from GDP growth to high technology export. In addition, the causality test at the level of countries shows that in some developing and developed countries, there is a positive causality from high technology export to GDP growth, although the number of these countries is limited in both groups. [ABSTRACT FROM AUTHOR] |
Full text from SpringerLink