Determinants of Technological Progress: Panel Cointegration and Panel Causality Analysis for NIC Countries

İsmet Göçer
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İsmet Göçer: Adnan Menderes University

Journal of Finance Letters (Maliye ve Finans Yazıları), 2013, vol. 28, issue 100, 115-142

Abstract: Technological development is one of the most important factors of countries' economic growth. In this study determinant of technological progress analyzed for Newly Industrialized Countries by using 1996-2012 period data via panel cointegration and panel causality method. As a result of the analysis it was determinant that the most important factors of technological development are R&D expenditure, high technology product export, GDP per capita, health expenditure, foreign direct investment, total factor productivity and increases in the gross capital formation.

Keywords: Technological Progress; R&D; High Tech Product (search for similar items in EconPapers)
JEL-codes: N70 O14 O32 (search for similar items in EconPapers)
Date: 2013
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Persistent link: https://EconPapers.repec.org/RePEc:acc:malfin:v:28:y:2013:i:100:p:115-142

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