IDEAS home Printed from https://ideas.repec.org/a/taf/apeclt/v16y2009i10p1025-1028.html
   My bibliography  Save this article

High-tech exports and economic growth in industrialized countries

Author

Listed:
  • Martin Falk

Abstract

The present article provides new evidence on the impact of the change in the high-tech export share on economic growth in OECD countries. We estimate a dynamic growth model on panel data for 22 OECD countries for 1980-2004, in which the data is measured as 5-year averages. Using the system GMM panel estimator, which corrects for simultaneity, we find that both business R&D intensity and the share of high-tech exports are significantly positively related to the GDP per working age population. The estimated elasticities are rather sizable but the magnitude suggests that business R&D intensity is more important than the share of high-tech exports in explaining GDP per working age population.

Suggested Citation

  • Martin Falk, 2009. "High-tech exports and economic growth in industrialized countries," Applied Economics Letters, Taylor & Francis Journals, vol. 16(10), pages 1025-1028.
    • Handle: RePEc:taf:apeclt:v:16:y:2009:i:10:p:1025-1028
    DOI: 10.1080/13504850701222228
    as

    Download full text from publisher

    File URL: http://www.informaworld.com/openurl?genre=article&doi=10.1080/13504850701222228&magic=repec&7C&7C8674ECAB8BB840C6AD35DC6213A474B5
    Download Restriction: Access to full text is restricted to subscribers.
    File URL: https://libkey.io/10.1080/13504850701222228?utm_source=ideas
    LibKey link: if access is restricted and if your library uses this service, LibKey will redirect you to where you can use your library subscription to access this item
    ---><---

    As the access to this document is restricted, you may want to search for a different version of it.

    References listed on IDEAS

    as
    1. Barro, Robert J & Lee, Jong-Wha, 2001. "International Data on Educational Attainment: Updates and Implications," Oxford Economic Papers, Oxford University Press, vol. 53(3), pages 541-563, July.
    2. Walter Nonneman & Patrick Vanhoudt, 1996. "A Further Augmentation of the Solow Model and the Empirics of Economic Growth for OECD Countries," The Quarterly Journal of Economics, President and Fellows of Harvard College, vol. 111(3), pages 943-953.
    3. Jesús Crespo Cuaresma & Julia Wörz, 2005. "On Export Composition and Growth," Review of World Economics (Weltwirtschaftliches Archiv), Springer;Institut für Weltwirtschaft (Kiel Institute for the World Economy), vol. 141(1), pages 33-49, April.
    4. Caselli, Francesco & Esquivel, Gerardo & Lefort, Fernando, 1996. "Reopening the Convergence Debate: A New Look at Cross-Country Growth Empirics," Journal of Economic Growth, Springer, vol. 1(3), pages 363-389, September.
    5. N. Gregory Mankiw & David Romer & David N. Weil, 1992. "A Contribution to the Empirics of Economic Growth," The Quarterly Journal of Economics, President and Fellows of Harvard College, vol. 107(2), pages 407-437.
    6. Peneder, Michael, 2003. "Industrial structure and aggregate growth," Structural Change and Economic Dynamics, Elsevier, vol. 14(4), pages 427-448, December.
    7. Blundell, Richard & Bond, Stephen, 1998. "Initial conditions and moment restrictions in dynamic panel data models," Journal of Econometrics, Elsevier, vol. 87(1), pages 115-143, August.
    8. Windmeijer, Frank, 2005. "A finite sample correction for the variance of linear efficient two-step GMM estimators," Journal of Econometrics, Elsevier, vol. 126(1), pages 25-51, May.
    Full references (including those not matched with items on IDEAS)

    Citations

    Citations are extracted by the CitEc Project, subscribe to its RSS feed for this item.
    as


    Cited by:

    1. Andriy Shtangret & Nataliia Korogod & Sofia Bilous & Nataliia Hoi & Yurii Ratushniak, 2021. "Management of Economic Security in the High-Tech Sector in the Context of Post-Pandemic Modernization," Postmodern Openings, Editura Lumen, Department of Economics, vol. 12(2), pages 535-552, July.
    2. Edinaldo Tebaldi, 2011. "The Determinants of High-Technology Exports: A Panel Data Analysis," Atlantic Economic Journal, Springer;International Atlantic Economic Society, vol. 39(4), pages 343-353, December.
    3. Acar, Pinar & Berk, Istemi, 2022. "Power infrastructure quality and industrial performance: A panel data analysis on OECD manufacturing sectors," Energy, Elsevier, vol. 239(PC).
    4. 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.
    5. 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.
    6. Aurel Burciu & Rozalia Kicsi & Ionel Bostan & Iulian Condratov & Cristian Valentin Hapenciuc, 2020. "Sustainable Economic Growth Based on R&D Amplification and Technological Content of Exports. Evidences from Romania and The V4 Economies," Sustainability, MDPI, vol. 12(5), pages 1-17, February.
    7. Sevcan GÜNEŞ & Tuğba AKIN, 2019. "High Technology Exports: The Analysis for Leader Countries and Turkey," Sosyoekonomi Journal, Sosyoekonomi Society, issue 27(40).
    8. Sandip SARKER & Arifuzzaman KHAN & Rezwan MAHMOOD, 2016. "Domestic Credit, School Enrollment & Hi-Tech Exports in Bangladesh," Romanian Economic Business Review, Romanian-American University, vol. 11(1), pages 7-23, March.
    9. 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.
    10. Hadad Shahrazad, 2018. "The geographic distribution of Knowledge Economy (KE) within the European Union (EU)," Management & Marketing, Sciendo, vol. 13(3), pages 1089-1107, September.
    11. Tatjana Stevanoviæ & Maja Ivanoviæ-Ðukiæ & Tamara Raðenoviæ & Ognjen Radoviæ, 2018. "The impact of national intellectual capital on the economic growth in the South-Eastern European Countries," Zbornik radova Ekonomskog fakulteta u Rijeci/Proceedings of Rijeka Faculty of Economics, University of Rijeka, Faculty of Economics and Business, vol. 36(2), pages 777-800.
    12. Olga N. Buchinskaya & Evgeniy P. Dyatel, 2019. "Influence of high-technology exports and foreign charges for the use of intellectual property on economic growth," Journal of New Economy, Ural State University of Economics, vol. 20(2), pages 114-126, May.
    13. Dina Dardir, 2020. "Does the R&D Public Procurement Matter for High-Tech Exports? Evidence from the USA," Post-Print hal-04048942, HAL.

    Most related items

    These are the items that most often cite the same works as this one and are cited by the same works as this one.
    1. William Hauk & Romain Wacziarg, 2009. "A Monte Carlo study of growth regressions," Journal of Economic Growth, Springer, vol. 14(2), pages 103-147, June.
    2. Bayraktar-Sağlam, Bahar & Yetkiner, Hakan, 2014. "A Romerian contribution to the empirics of economic growth," Journal of Policy Modeling, Elsevier, vol. 36(2), pages 257-272.
    3. Lee, Angela Y. & Aaker, Jennifer L., 2006. "A Monte Carlo Study of Growth Regressions," Research Papers 1836r1, Stanford University, Graduate School of Business.
    4. Hartwig, Jochen, 2012. "Testing the growth effects of structural change," Structural Change and Economic Dynamics, Elsevier, vol. 23(1), pages 11-24.
    5. Aisen, Ari & Veiga, Francisco José, 2013. "How does political instability affect economic growth?," European Journal of Political Economy, Elsevier, vol. 29(C), pages 151-167.
    6. Falk, Martin, 2007. "R&D spending in the high-tech sector and economic growth," Research in Economics, Elsevier, vol. 61(3), pages 140-147, September.
    7. Edwards, Jeffrey A. & Kasibhatla, Krishna, 2009. "Dynamic heterogeneity in cross-country growth relationships," Economic Modelling, Elsevier, vol. 26(2), pages 445-455, March.
    8. Thomas Gries & Rainer Grundmann, 2020. "Modern sector development: The role of exports and institutions in developing countries," Review of Development Economics, Wiley Blackwell, vol. 24(2), pages 644-667, May.
    9. Ding, Sai & Knight, John, 2009. "Can the augmented Solow model explain China's remarkable economic growth? A cross-country panel data analysis," Journal of Comparative Economics, Elsevier, vol. 37(3), pages 432-452, September.
    10. ?gel de la Fuente, "undated". "Convergence Across Countries And Regions: Theory And Empirics," UFAE and IAE Working Papers 447.00, Unitat de Fonaments de l'Anàlisi Econòmica (UAB) and Institut d'Anàlisi Econòmica (CSIC).
    11. Pop Silaghi, Monica Ioana & Alexa, Diana & Jude, Cristina & Litan, Cristian, 2014. "Do business and public sector research and development expenditures contribute to economic growth in Central and Eastern European Countries? A dynamic panel estimation," Economic Modelling, Elsevier, vol. 36(C), pages 108-119.
    12. Måns Söderbom & Francis Teal, 2003. "Openness and human capital as sources of productivity growth: An empirical investigation," CSAE Working Paper Series 2003-06, Centre for the Study of African Economies, University of Oxford.
    13. Yongfu Huang, 2011. "Private investment and financial development in a globalized world," Empirical Economics, Springer, vol. 41(1), pages 43-56, August.
    14. Bloom, David E. & Canning, David & Kotschy, Rainer & Prettner, Klaus & Schünemann, Johannes, 2018. "Health and Economic Growth: Reconciling the Micro and Macro Evidence," IZA Discussion Papers 11940, Institute of Labor Economics (IZA).
    15. Maria Adelaide Duarte & Marta Simões, 2004. "Human capital, mechanisms of technological diffusion and the role of technological shocks in the speed of diffusion. Evidence from a panel of Mediterranean countries," Notas Económicas, Faculty of Economics, University of Coimbra, issue 20, pages 102-134, December.
    16. Amparo Castelló-Climent, 2004. "A Reassessment Of The Relationship Between Inequality And Growth: What Human Capital Inequality Data Say?," Working Papers. Serie EC 2004-15, Instituto Valenciano de Investigaciones Económicas, S.A. (Ivie).
    17. Vusal Musayev, 2016. "Externalities in Military Spending and Growth: The Role of Natural Resources as a Channel through Conflict," Defence and Peace Economics, Taylor & Francis Journals, vol. 27(3), pages 378-391, June.
    18. Dimitar Eftimoski, 2020. "Some new insights on economic convergence and growth in Central, Eastern, and Southeastern Europe," Empirica, Springer;Austrian Institute for Economic Research;Austrian Economic Association, vol. 47(4), pages 863-884, November.
    19. Celine Bonnefond, 2014. "Growth Dynamics And Conditional Convergence Among Chinese Provinces: A Panel Data Investigation Using System Gmm Estimator," Journal of Economic Development, Chung-Ang Unviersity, Department of Economics, vol. 39(4), pages 1-25, December.
    20. Na Hou & Bo Chen, 2013. "Military Expenditure And Economic Growth In Developing Countries: Evidence From System Gmm Estimates," Defence and Peace Economics, Taylor & Francis Journals, vol. 24(3), pages 183-193, June.

    More about this item

    Statistics

    Access and download statistics

    Corrections

    All material on this site has been provided by the respective publishers and authors. You can help correct errors and omissions. When requesting a correction, please mention this item's handle: RePEc:taf:apeclt:v:16:y:2009:i:10:p:1025-1028. See general information about how to correct material in RePEc.

    If you have authored this item and are not yet registered with RePEc, we encourage you to do it here. This allows to link your profile to this item. It also allows you to accept potential citations to this item that we are uncertain about.

    If CitEc recognized a bibliographic reference but did not link an item in RePEc to it, you can help with this form .

    If you know of missing items citing this one, you can help us creating those links by adding the relevant references in the same way as above, for each refering item. If you are a registered author of this item, you may also want to check the "citations" tab in your RePEc Author Service profile, as there may be some citations waiting for confirmation.

    For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: Chris Longhurst (email available below). General contact details of provider: http://www.tandfonline.com/RAEL20 .

    Please note that corrections may take a couple of weeks to filter through the various RePEc services.

    IDEAS is a RePEc service. RePEc uses bibliographic data supplied by the respective publishers.