Effects of export and technology on economic growth: Selected emerging Asian economies

Md Reza Sultanuzzaman, Hongzhong Fan, Elyas Abdulahi Mohamued, Md Ismail Hossain and Mollah Aminul Islam

Economic Research-Ekonomska Istraživanja, 2019, vol. 32, issue 1, 2515-2531

Abstract: Recent studies regarding the impacts of technology spillover and international trade have gained momentum in the emerging economies. Empirical evidences show that some countries gain and other loss to grasp the opportunities of international trade and technological innovation to compete in the global market. This paper examines the effect of export and technology on the economic performance of emerging Asian countries, using the Generalized Method of Moments (GMM) model between the periods 2000–2016. Following the Solow economic growth model, the result identifies a positive and significant effect of export and technology on the economic growth of the emerging Asian economies. Similarly, the long-run estimation ascertains the significant and positive impacts of trade and technology on the economic growth of the countries. The results are robust using alternative dynamic panel models, representing the pivotal role of export and technology to the economic growth of the countries. Thus, we recommend policymakers to device attractive policies that can enhance the advancement of technology and trade to maintain sustained economic growth. This would also fasten the internationalisation process and enable to compete efficiently in the global markets in terms of quality of exports and standardisation.

Date: 2019
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DOI: 10.1080/1331677X.2019.1650656

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