The Impact of Foreign Direct Investment on High Technology Product Exports: E7 Example
Öz
This study examines the impact of foreign direct investment in developing countries on exports of high-tech products. Foreign direct investment in developing countries enables them to acquire technology, new production and management strategies that are not available in their own countries. Developing countries can contribute to economic growth by producing new goods with new technology. In the light of this information, it is aimed to determine the effects of foreign direct investments on exports of high-tech products with panel cointegration analysis using annual data for the period 2010-2020 for E7 countries, which are developing countries. As a result of the analysis, the countries in which foreign direct investments have the most impact on exports of high-tech products are China, Russia, Brazil, India, and Indonesia, respectively. The countries that saw the least impact were Turkey and Mexico, respectively. When the short-run coefficient values are examined, the effects are lower compared to the long-run. In this case, it has been determined that foreign direct investment, which affects the export of high-tech products, provides more significant outputs in the long run, and the effects are lower in the short run. It was determined that the foreign direct investment variable increased the export of high technology products by 12.9%.
Anahtar Kelimeler
Foreign Direct Investment, High-Tech Product Export, E7 Countries
Kaynakça
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