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High-tech exports and economic growth in industrialized countries

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  • 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
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    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.
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    Cited by:

    1. 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.
    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.

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