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Year 2021, Volume: 20 Issue: 1, 22 - 31, 31.01.2021
https://doi.org/10.21547/jss.719642

Abstract

References

  • Abou-Stait, F. (2005). Are exports the engine of economic growth? An application of cointegration and causality analysis for Egypt, 1977-2003. African Development Bank Economic Research Working Paper Series,76, Tunusia.
  • Alkhateeb, T. T.Y., Mahmood, H. & Sultan, Z. A. (2016). The relationship between exports and economic growth in Saudi Arabia. Asian Social Science, 12(4), 117-124.
  • Barbieri, L. (2006). Panel unit root tests: A review. Serie Rossa: Economia - UCSC Piacenza, 43, 1-53.
  • Berrill, K. (1960). International trade and rate of economic growth. The Economic History Review, 12(3), 351-359.
  • Breitung, J. & Samarjit, D. (2005). Panel unit root tests under cross-sectional dependence. Statistica Neerlandica, 59(4), 414-433.
  • Falk, M. (2009). High-tech exports and economic growth in industrialized countries. Applied Economics Letters, 16(10), 1025-1028.
  • Feder, G. (1983). On exports and economic growth. Journal of Development Economics, 12 (1–2), 59-73.
  • Frolov, I. E. & Lebedev, K.K. (2007). Assessing the impact of high-technology exports on the growth rate and structure of the Russian Economy. Studies on Russian Economic Development, 18(5), 490-500.  
  • Gani, A. (2009). Technological achievement, high technology exports and growth. Journal of Comparative International Management, 12(2), 31-47.
  • Greene, H. W. (2012). Econometric Analysis. Harlow: Pearson Education.
  • Grossman, M. G. & E. Helpman (1991). Trade, knowledge spillovers and growth. European Economic Review, 35, 517–526.
  • Hadri, K. (2000). Testing for stationarity in heterogeneous panel data. Econometrics Journal, 3(2), 148–161.
  • Hall, E. R. & Lieberman, M. (2009). Macroeconomics: Principles & applications. Independence: Cengage Learning Company.
  • Hausman, J. A. (1978). Specification tests in econometrics. Econometrica, 46(6), 1251–1271.
  • Hoang, T. N. & McNown, R. F. (2006). Panel data unit roots tests using various estimation methods. Department of Economics- University of Colorado, Boulder Working papers, Colorado.
  • Hsiao, C. (2003). Analysis of panel data. Cambridge: Cambridge University Press.
  • Hsiao, C. (2006). Panel data analysis–advantages and challenges. IEPR Working Paper, 06-49, California, the USA.
  • Im, K. S., Pesaran, M. H. & Shin, Y. (1997). Testing for unit roots in heterogeneous panels. University of Cambridge Working Papers, Cambridge, the UK.
  • Kalaitzi, S. A. & Cleeve, E. (2018). Export-led growth in the UAE: Multivariate causality between primary exports, manufactured exports and economic growth. Eurasian Business Review, 8, 341-365.
  • Kunst, R. (2011). Summary Based on Chapter 12 of Baltagi: Panel Unit Root Tests. Retrieved 12 November 2019 from: http://homepage. univie.ac.at/robert.kunst/pan2011_pres _neil.pdf.
  • Levin, A. & Lin, C. (1992). Unit root test in panel data: asymptotic and finite sample properties. University of California at San Diego Discussion Paper, 92-93, California, the USA.
  • Levin, A. & Lin, C. (1993). Unit root test in panel data: New results. University of California at San Diego Working Paper, 93–56, California, the USA.
  • Maddala G.S. & Wu, S. (1999). A comparative study of unit root tests with panel data and new simple test. Oxford Bulletin of Economics and Statistics, Special Issue, 631-652.
  • Schrott, P. (2014). Strategies of German car companies in China. Hamburg: Anchor Academic Publishing.
  • Smith-Medina, J. E. (2001). Is the export-led growth hypothesis valid for developing countries? A case study of Costa Rica. Policy Issues in International Trade and Commodities Study Series, 7, Geneva.
  • Sun, P. & A. Heshmati (2010). International trade and its effects on economic growth in China. Institute of Labor Economics Discussion Paper, 5151.
  • Uçan, O., Akyıldız, A. & Maimaitimansuer, M. (2016). The relationship between export and economic growth in Turkey. European Scientific Journal, Special/ edition ISSN: 1857 – 7881, 61-70.
  • Ustabaş, A. & Ersin, Ö. Ö. (2016). The effects of R&D and high technology exports on economic growth: A comparative cointegration analysis for Turkey and South Korea. The Paper was presented at the 7th International Conference on Eurasian Economies, Kaposvár.
  • Waithe, K., Lorde, T. & Francis, B. (2011). Export-led growth: A case study of Mexico. International Journal of Business, Humanities and Technology, 1(1), 33-44.
  • Zahonogo, P. (2016). Trade and economic growth in developing countries: Evidence from Sub-Saharan Africa. Journal of Africa Trade, 3(1-2), 41-56.

The Relationship Between High-Tech Export and Economic Growth: A Panel Data Approach for Selected Countries

Year 2021, Volume: 20 Issue: 1, 22 - 31, 31.01.2021
https://doi.org/10.21547/jss.719642

Abstract

The study has analyzed the relationship between high-tech export, agriculture export, and economic growth, in the context of the export-led growth hypothesis, by using the panel data analysis. In this paper, 20 high-tech exporter countries were selected. These countries are Belgium, Canada, China, Czech Republic, France, Germany, India, Ireland, Italy, Japan, Korea, Malaysia, Mexico, Netherlands, Poland, Singapore, Switzerland, Thailand, the UK, and the USA. The data were collected from 2007 to 2018. Analysis results show that high technology export increases economic growth more than agricultural export. Policymakers should support to invest in manufacturing of aircraft, helicopters, nuclear reactors, spacecraft, automobile, and its components.

References

  • Abou-Stait, F. (2005). Are exports the engine of economic growth? An application of cointegration and causality analysis for Egypt, 1977-2003. African Development Bank Economic Research Working Paper Series,76, Tunusia.
  • Alkhateeb, T. T.Y., Mahmood, H. & Sultan, Z. A. (2016). The relationship between exports and economic growth in Saudi Arabia. Asian Social Science, 12(4), 117-124.
  • Barbieri, L. (2006). Panel unit root tests: A review. Serie Rossa: Economia - UCSC Piacenza, 43, 1-53.
  • Berrill, K. (1960). International trade and rate of economic growth. The Economic History Review, 12(3), 351-359.
  • Breitung, J. & Samarjit, D. (2005). Panel unit root tests under cross-sectional dependence. Statistica Neerlandica, 59(4), 414-433.
  • Falk, M. (2009). High-tech exports and economic growth in industrialized countries. Applied Economics Letters, 16(10), 1025-1028.
  • Feder, G. (1983). On exports and economic growth. Journal of Development Economics, 12 (1–2), 59-73.
  • Frolov, I. E. & Lebedev, K.K. (2007). Assessing the impact of high-technology exports on the growth rate and structure of the Russian Economy. Studies on Russian Economic Development, 18(5), 490-500.  
  • Gani, A. (2009). Technological achievement, high technology exports and growth. Journal of Comparative International Management, 12(2), 31-47.
  • Greene, H. W. (2012). Econometric Analysis. Harlow: Pearson Education.
  • Grossman, M. G. & E. Helpman (1991). Trade, knowledge spillovers and growth. European Economic Review, 35, 517–526.
  • Hadri, K. (2000). Testing for stationarity in heterogeneous panel data. Econometrics Journal, 3(2), 148–161.
  • Hall, E. R. & Lieberman, M. (2009). Macroeconomics: Principles & applications. Independence: Cengage Learning Company.
  • Hausman, J. A. (1978). Specification tests in econometrics. Econometrica, 46(6), 1251–1271.
  • Hoang, T. N. & McNown, R. F. (2006). Panel data unit roots tests using various estimation methods. Department of Economics- University of Colorado, Boulder Working papers, Colorado.
  • Hsiao, C. (2003). Analysis of panel data. Cambridge: Cambridge University Press.
  • Hsiao, C. (2006). Panel data analysis–advantages and challenges. IEPR Working Paper, 06-49, California, the USA.
  • Im, K. S., Pesaran, M. H. & Shin, Y. (1997). Testing for unit roots in heterogeneous panels. University of Cambridge Working Papers, Cambridge, the UK.
  • Kalaitzi, S. A. & Cleeve, E. (2018). Export-led growth in the UAE: Multivariate causality between primary exports, manufactured exports and economic growth. Eurasian Business Review, 8, 341-365.
  • Kunst, R. (2011). Summary Based on Chapter 12 of Baltagi: Panel Unit Root Tests. Retrieved 12 November 2019 from: http://homepage. univie.ac.at/robert.kunst/pan2011_pres _neil.pdf.
  • Levin, A. & Lin, C. (1992). Unit root test in panel data: asymptotic and finite sample properties. University of California at San Diego Discussion Paper, 92-93, California, the USA.
  • Levin, A. & Lin, C. (1993). Unit root test in panel data: New results. University of California at San Diego Working Paper, 93–56, California, the USA.
  • Maddala G.S. & Wu, S. (1999). A comparative study of unit root tests with panel data and new simple test. Oxford Bulletin of Economics and Statistics, Special Issue, 631-652.
  • Schrott, P. (2014). Strategies of German car companies in China. Hamburg: Anchor Academic Publishing.
  • Smith-Medina, J. E. (2001). Is the export-led growth hypothesis valid for developing countries? A case study of Costa Rica. Policy Issues in International Trade and Commodities Study Series, 7, Geneva.
  • Sun, P. & A. Heshmati (2010). International trade and its effects on economic growth in China. Institute of Labor Economics Discussion Paper, 5151.
  • Uçan, O., Akyıldız, A. & Maimaitimansuer, M. (2016). The relationship between export and economic growth in Turkey. European Scientific Journal, Special/ edition ISSN: 1857 – 7881, 61-70.
  • Ustabaş, A. & Ersin, Ö. Ö. (2016). The effects of R&D and high technology exports on economic growth: A comparative cointegration analysis for Turkey and South Korea. The Paper was presented at the 7th International Conference on Eurasian Economies, Kaposvár.
  • Waithe, K., Lorde, T. & Francis, B. (2011). Export-led growth: A case study of Mexico. International Journal of Business, Humanities and Technology, 1(1), 33-44.
  • Zahonogo, P. (2016). Trade and economic growth in developing countries: Evidence from Sub-Saharan Africa. Journal of Africa Trade, 3(1-2), 41-56.
There are 30 citations in total.

Details

Primary Language Turkish
Subjects Economics
Journal Section Economics
Authors

Levent Şahin 0000-0001-7042-7964

Dilek Kutluay Şahin 0000-0002-0118-4329

Publication Date January 31, 2021
Submission Date April 13, 2020
Acceptance Date November 21, 2020
Published in Issue Year 2021 Volume: 20 Issue: 1

Cite

APA Şahin, L., & Kutluay Şahin, D. (2021). The Relationship Between High-Tech Export and Economic Growth: A Panel Data Approach for Selected Countries. Gaziantep University Journal of Social Sciences, 20(1), 22-31. https://doi.org/10.21547/jss.719642

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