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

Yıl 2018, , 43 - 54, 01.01.2018
https://doi.org/10.5824/1309-1581.2018.1.003.x

Öz

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

Kaynakça

  • Awokuse, T. O. (2003), Is the Export-led Growth Hypothesis Valid for Canada? Canadian Journal of Economics/Revue canadienne d'économique, 36, 126–136.
  • Balassa, B. (1978). “Exports and Economic Growth: Further Evidence”, Journal of Development of Economics, 5, 181-189.
  • Bbaale, E. and Mutenyo, J. (2011), “Export Composition and Economic Growth in Sub- Saharan Africa: A Panel Analysis”. Consilience: The Journal of Sustainable Development. 6, 1–19.
  • Bhagawati, J. N. (1982) “Directly Unproductive Profit Seeking (DUP) Activities”, Journal of Political Economy, 90, (5), 988–1002.
  • Cuaresma, J. C., & Wörz, J. (2005). On export composition and growth. Review of World Economics, 141(1), 33-49.
  • Dreger and Hezer (2013), “A Further Examination of the Export-led Growth”, Empirical Economics, 45: 39-60
  • Dunusinghe, P. (2009), “On Export Composition and Growth Evidence from Sri Lanka”. South Asia Economic Journal, 10 (2), 275-304
  • Eichengreen, B., Donghyun, P., Kwanho S., (2013), “Growth Slowdowns Redux: New Evidence on the Middle-Income Trap”, NBER Working Paper 18673
  • Fagerberg, J. (1994). Technology and international differences in growth rates. Journal of economic Literature, 32(3), 1147-1175.
  • Fagerberg, J. (2000). Technological progress, structural change and productivity growth: a comparative study. Structural change and economic dynamics, 11(4), 393-411.
  • Feder G. (1983) “On Exports and Economic Growth”; Journal of Development Economics 12, 59-73.
  • Ghatak, Subrata, and Stephen Wheatley Price. (1997), “Export Composition and Economic Growth: Cointegration and Causality Evidence for India” Review of World Economics, Vol. 133 (3), pp. 538–53.
  • Grancay, M., Grancay, N., Dudas T. (2015) “What You Export Matters: Does it Really?” Contemporary Economics, Vol. 9, No. 2, 233-244
  • Hausmann, R., Hwang, J. & Rodrik, D. J, “What You Export Matters”, Journal of Economic Growth (2007) 12: 1-25
  • Hummels, D., Klenow P.J., (2005), “The Variety and Quality of Nation’s Exports”, American Economic Review, 95:704–723
  • Jarreau, J., Poncet S. (2012), “Export sophistication and economic growth: Evidence from China”, Journal of Development Economics, 97 (2), 281-292
  • Kharas, H., Kohli, H. (2011), “What is middle-income trap, why do countries fall into it and how can it be avoided?”, Global Journal of Emerging Market Economies, 3 (3), 281-289
  • Koh, R. K., Mah J.S., (2013), “The Effect of Export Composition on Economic Growth: The Case of Korea”, The Journal of Developing Areas, 47, 171-179
  • Kruger, (1975), “The Benefits and Costs of Import Substitution in India: A Microeconomic Study, University of Minnesota Press
  • Lall, S. (2000), “The Technological Structure and Performance of Developing Country Manufactured Exports: 1995–1998”, Oxford Development Studies 28(3), 337–369
  • Lee, J. (2011). Export specialization and economic growth around the world. Economic Systems, 35(1), 45-63.
  • Loayza, N., & Rancière, R. (2006). Financial Development, Financial Fragility, and Growth. Journal of Money, Credit and Banking, 38(4), 1051-1076.
  • Mah, J. S. (2007). Economic growth, exports and export composition in China. Applied Economics Letters, 14(10), 749-752.
  • Pesaran, M.H., Smith, R., (1995), “Estimating Long-run Relationships from Dnamic Heterogeneous Panels”, Journal of Econometrics, 68, 79-113
  • Pesaran, M.H., Yongcheol S., Smith P. R. (1999), “Pooled Mean Group Estimation of Dynamic Heterogeneous Panels”, Journal of the American Statistical Association, 94, 621-634
  • Rodrik, D. (2006) “What’s so Special About China’s Exports?”, NBER Working Paper 11947
  • Santos-Paulino, A. U. (2011). Trade specialization, export productivity and growth in Brazil, China, India, South Africa, and a cross section of countries. Economic change and restructuring,44(1-2), 75-97.

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

Yıl 2018, , 43 - 54, 01.01.2018
https://doi.org/10.5824/1309-1581.2018.1.003.x

Öz

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.

Kaynakça

  • Awokuse, T. O. (2003), Is the Export-led Growth Hypothesis Valid for Canada? Canadian Journal of Economics/Revue canadienne d'économique, 36, 126–136.
  • Balassa, B. (1978). “Exports and Economic Growth: Further Evidence”, Journal of Development of Economics, 5, 181-189.
  • Bbaale, E. and Mutenyo, J. (2011), “Export Composition and Economic Growth in Sub- Saharan Africa: A Panel Analysis”. Consilience: The Journal of Sustainable Development. 6, 1–19.
  • Bhagawati, J. N. (1982) “Directly Unproductive Profit Seeking (DUP) Activities”, Journal of Political Economy, 90, (5), 988–1002.
  • Cuaresma, J. C., & Wörz, J. (2005). On export composition and growth. Review of World Economics, 141(1), 33-49.
  • Dreger and Hezer (2013), “A Further Examination of the Export-led Growth”, Empirical Economics, 45: 39-60
  • Dunusinghe, P. (2009), “On Export Composition and Growth Evidence from Sri Lanka”. South Asia Economic Journal, 10 (2), 275-304
  • Eichengreen, B., Donghyun, P., Kwanho S., (2013), “Growth Slowdowns Redux: New Evidence on the Middle-Income Trap”, NBER Working Paper 18673
  • Fagerberg, J. (1994). Technology and international differences in growth rates. Journal of economic Literature, 32(3), 1147-1175.
  • Fagerberg, J. (2000). Technological progress, structural change and productivity growth: a comparative study. Structural change and economic dynamics, 11(4), 393-411.
  • Feder G. (1983) “On Exports and Economic Growth”; Journal of Development Economics 12, 59-73.
  • Ghatak, Subrata, and Stephen Wheatley Price. (1997), “Export Composition and Economic Growth: Cointegration and Causality Evidence for India” Review of World Economics, Vol. 133 (3), pp. 538–53.
  • Grancay, M., Grancay, N., Dudas T. (2015) “What You Export Matters: Does it Really?” Contemporary Economics, Vol. 9, No. 2, 233-244
  • Hausmann, R., Hwang, J. & Rodrik, D. J, “What You Export Matters”, Journal of Economic Growth (2007) 12: 1-25
  • Hummels, D., Klenow P.J., (2005), “The Variety and Quality of Nation’s Exports”, American Economic Review, 95:704–723
  • Jarreau, J., Poncet S. (2012), “Export sophistication and economic growth: Evidence from China”, Journal of Development Economics, 97 (2), 281-292
  • Kharas, H., Kohli, H. (2011), “What is middle-income trap, why do countries fall into it and how can it be avoided?”, Global Journal of Emerging Market Economies, 3 (3), 281-289
  • Koh, R. K., Mah J.S., (2013), “The Effect of Export Composition on Economic Growth: The Case of Korea”, The Journal of Developing Areas, 47, 171-179
  • Kruger, (1975), “The Benefits and Costs of Import Substitution in India: A Microeconomic Study, University of Minnesota Press
  • Lall, S. (2000), “The Technological Structure and Performance of Developing Country Manufactured Exports: 1995–1998”, Oxford Development Studies 28(3), 337–369
  • Lee, J. (2011). Export specialization and economic growth around the world. Economic Systems, 35(1), 45-63.
  • Loayza, N., & Rancière, R. (2006). Financial Development, Financial Fragility, and Growth. Journal of Money, Credit and Banking, 38(4), 1051-1076.
  • Mah, J. S. (2007). Economic growth, exports and export composition in China. Applied Economics Letters, 14(10), 749-752.
  • Pesaran, M.H., Smith, R., (1995), “Estimating Long-run Relationships from Dnamic Heterogeneous Panels”, Journal of Econometrics, 68, 79-113
  • Pesaran, M.H., Yongcheol S., Smith P. R. (1999), “Pooled Mean Group Estimation of Dynamic Heterogeneous Panels”, Journal of the American Statistical Association, 94, 621-634
  • Rodrik, D. (2006) “What’s so Special About China’s Exports?”, NBER Working Paper 11947
  • Santos-Paulino, A. U. (2011). Trade specialization, export productivity and growth in Brazil, China, India, South Africa, and a cross section of countries. Economic change and restructuring,44(1-2), 75-97.
Toplam 27 adet kaynakça vardır.

Ayrıntılar

Birincil Dil İngilizce
Bölüm Research Article
Yazarlar

Oğuz Demir Bu kişi benim

Yayımlanma Tarihi 1 Ocak 2018
Gönderilme Tarihi 1 Ocak 2018
Yayımlandığı Sayı Yıl 2018

Kaynak Göster

APA Demir, O. (2018). Does High Tech Exports Really Matter for Economic Growth a Panel Approach for Upper Middle-Income Economies. AJIT-E: Academic Journal of Information Technology, 9(31), 43-54. https://doi.org/10.5824/1309-1581.2018.1.003.x