Does High Tech Exports Really Matter for Economic Growth A Panel Approach for Upper Middle-Income Economies

Abstract

Bu çalışmada üst orta gelir seviyesindeki ülkelerin ihracatının sektörel kompozisyonunun teknoloji çeşitliliği ve ihracatın teknolojik yapısının iktisadi büyüme üzerindeki etkisi analiz edilmiştir. Dinamik panel veri analiz yöntemleri kullanılarak 34 üst orta gelir grubunda yer alan ülkelerin 19952015 yılları arasındaki verileri incelenerek, yüksek teknolojili ürün ihracatının önemli bir büyüme etkisine sahip iken orta teknolojili ürün ihracatının daha sınırlı etkisi olduğu görülmüştür. Düşük teknolojili ürünler ise uzun vadede büyüme üzerinde negatif etkiye sahip olmaktadır

Does High Tech Exports Really Matter for Economic Growth a Panel Approach for Upper Middle-Income Economies

Abstract

In this study, we analyzed the data about the technological diversification of export composition of upper middle-income countries and the impact of the technological composition of exported goods on GDP growth. Using the dynamic panel data analysis techniques for 34 countries between 1995-2015, we confirmed that exports of high technological products will have a significant positive impact on economic growth for upper middle-income countries as well as medium technological products’ exports which have a limited effect. The exports of low-tech products will have a negative effect for economic growth in the long run.

Keywords

• Economic growth
• export-led growth
• export composition
• pooled mean group estimate
• dynamic panel data analysis

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