Tertiary education and science as drivers of high-technology exporting firms growth in developing countries

Jesús Peña-Vinces () and David Audretsch ()
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Jesús Peña-Vinces: Universidad de Sevilla
David Audretsch: Indiana University

The Journal of Technology Transfer, 2021, vol. 46, issue 6, No 2, 1734-1757

Abstract: Abstract In nearly all the Latin American-developing countries (LA-DC), entrepreneurial activity overseas is based on export commodities, mainly on mining and agriculture. Therefore, a shift of the entrepreneurial model-commodities-based toward high-technology represents a considerable challenge for both businesspersons and policymakers. In this sense, from an environment-industry perspective, we investigated whether a country’s tertiary education and science might be drivers of the high-technology exporting firms (HTEF) growth. Furthermore, considering that most of the current studies are focused on the firm-level, by contrast, our research was conducted at a country-level. Thus, we develop a ten-year panel dataset for ten LA-DC. Through an econometric model-OLS, we provide empirical support for our hypothesis. Our results reveal that a country’s tertiary education and science both together are drivers of the HTEF growth. Therefore, our conclusions will have implications at both a policy and a practical level.

Keywords: High-technology exporting firms; Education; Science; Developing countries; Latin America (search for similar items in EconPapers)
JEL-codes: F13 L6 M16 N86 O24 R3 (search for similar items in EconPapers)
Date: 2021
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Citations: View citations in EconPapers (2)

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DOI: 10.1007/s10961-020-09807-4

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