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The Role of High-Tech Exports and of Foreign Direct Investments (FDI) on Economic Growth

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  • Mahjus Ekananda
  • Dion Jogi Parlinggoman

Abstract

Earlier studies of economic growth models are generally characterized by macroeconomics variable using the behavior of capital, population, and exports. In fact, every country has its respective export composition according to human capabilities and technologies. This study involves FDI, high-tech and non high-tech exports, and GDP using 50 countries in the period 1992-2014. The results using random effect model shows that non-high-tech exports affect positively on GDP growth on the entire sample. Given this point, high-tech export industries in both groups (the non-high-tech and the high-tech intensive exports countries) have better productivity compared to domestic industry.

Suggested Citation

  • Mahjus Ekananda & Dion Jogi Parlinggoman, 2017. "The Role of High-Tech Exports and of Foreign Direct Investments (FDI) on Economic Growth," European Research Studies Journal, European Research Studies Journal, vol. 0(4A), pages 194-212.
    • Handle: RePEc:ers:journl:v:xx:y:2017:i:3a:p:194-212
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    Cited by:

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    2. Irena Lacka & Janusz Myszczyszyn & Sylwia Golab & Beata Bedzik & Blazej Supron, 2020. "Correlation between the Level of Economic Growth and Foreign Trade: The Case of the V4 Countries," European Research Studies Journal, European Research Studies Journal, vol. 0(3), pages 657-678.
    3. Özgür ERSİN & Ayfer USTABAŞ & Tuğçe ACAR, 2022. "The Nonlinear Effects of High Technology Exports, R&D and Patents on Economic Growth: A Panel Threshold Approach to 35 OECD Countries," Journal for Economic Forecasting, Institute for Economic Forecasting, vol. 0(1), pages 26-44, April.
    4. Emrah Sofuoğlu & Oktay Kızılkaya & Emrah Koçak, 2022. "Assessing the Impact of High-Technology Exports on the Growth of the Turkish Economy," Journal of Economic Policy Researches, Istanbul University, Faculty of Economics, vol. 9(1), pages 205-229, January.
    5. Mohd. FAYAZ & Sandeep KAUR, 2019. "An Empirical Analysis Of The Determinants Of India’S High-Technology Exports," Regional and Sectoral Economic Studies, Euro-American Association of Economic Development, vol. 19(2), pages 29-44.
    6. Rahman, Sarli & Suwitho, Suwitho & Oh, Andi & Purwati, Astri Ayu, 2019. "Commercialization of High-Tech Innovations and Economic Growth in The Worldwide Most Innovative Countries," MPRA Paper 97766, University Library of Munich, Germany.
    7. Idris, Zera Zuryana & Ismail, Normaz Wana & Ibrahim, Saifuzzaman & Hamzah, Hanny Zurina, 2021. "High-Technology Trade: Does it Enhance National Competitiveness?," Jurnal Ekonomi Malaysia, Faculty of Economics and Business, Universiti Kebangsaan Malaysia, vol. 55(3), pages 35-48.
    8. Devran Sanli & Aziz Konukman, 2021. "The Impact of High-Tech Exports on Income: Findings on the Translog Production Function," Istanbul Journal of Economics-Istanbul Iktisat Dergisi, Istanbul University, Faculty of Economics, vol. 71(71-2), pages 457-498, December.
    9. Carlos A. Carrasco & Edgar Demetrio Tovar-García, 2021. "Trade and growth in developing countries: the role of export composition, import composition and export diversification," Economic Change and Restructuring, Springer, vol. 54(4), pages 919-941, November.
    10. Piotr Borawski & Aneta Beldycka-Borawska & Adam Pawlewicz & Jayson K. Harper & Bogdan Klepacki & Agnieszka Brelik & Ireneusz Zuchowski, 2020. "Impact of New Member Accession to the European Union on Food Trade," European Research Studies Journal, European Research Studies Journal, vol. 0(Special 1), pages 149-159.

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    More about this item

    Keywords

    Technology; Economic Growth; Foreign Direct Investment; International Trade; Econometrics JEL Classification: O14; F43; F21; F16; C32;
    All these keywords.

    JEL classification:

    • O14 - Economic Development, Innovation, Technological Change, and Growth - - Economic Development - - - Industrialization; Manufacturing and Service Industries; Choice of Technology
    • F43 - International Economics - - Macroeconomic Aspects of International Trade and Finance - - - Economic Growth of Open Economies
    • F21 - International Economics - - International Factor Movements and International Business - - - International Investment; Long-Term Capital Movements
    • F16 - International Economics - - Trade - - - Trade and Labor Market Interactions
    • C32 - Mathematical and Quantitative Methods - - Multiple or Simultaneous Equation Models; Multiple Variables - - - Time-Series Models; Dynamic Quantile Regressions; Dynamic Treatment Effect Models; Diffusion Processes; State Space Models

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