UNTAPPED POTENTIAL AND HIGH-TECH TRADE: THE CASE OF ASEAN-6 COUNTRIES’ EXPORTS

Nguyen Khanh Doanh, Ha Trong Quynh and Nguyen Thi Thanh Xuan
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Nguyen Khanh Doanh: International School, Thai Nguyen University, Vietnam
Ha Trong Quynh: International School, Thai Nguyen University, Vietnam
Nguyen Thi Thanh Xuan: Faculty of Economics and Business Administration, Hong Duc University

Ekonomski pregled, 2022, vol. 73, issue 6, 931-955

Abstract: This study aims to quantify the impact of untapped export potential on ASEAN-6 countries’ high-tech exports for the 2006-2016 period. Our innovative aspect sheds new light on the relationship between the untapped export potential in the previous year and export performance in the current year. Using a system GMM estimator, we found several significant results. Firstly, untapped export potential in the last year has a positive impact on ASEAN-6 countries’ high-tech exports in the current year. Secondly, the effect of untapped export potential on ASEAN-6 countries’ high-tech exports depends on supply competencies (ASEAN-6 countries’ human capital and research and development capability) and the bilateral linkage (importing countries’ trade barriers and institutional similarity between ASEAN-6 countries and importing countries). Thirdly, supply competencies are the most important when ASEAN-6 countries export high-tech goods to high-income countries. In contrast, the bilateral linkage is the most crucial when ASEAN-6 countries ship high-tech products to low-income countries. Measures to enhance human capital, upgrade research and development capability, promote trade liberalization, and minimize the institutional distance with the trading partners are the remedy for ASEAN-6 countries to tap the untapped potential.

Keywords: Untapped potential; high-tech exports; ASEAN; supply competencies; bilateral linkage. (search for similar items in EconPapers)
JEL-codes: C23 E24 F14 O32 (search for similar items in EconPapers)
Date: 2022
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