Innovation and High-Tech Exports in Developed and Developing Countries

Yusuf Bayraktutan () and Hanife Bıdırdı ()
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Yusuf Bayraktutan: Faculty of Economics and Administrative Sciences, Department of Economics, Kocaeli University, 41380, İzmit/Kocaeli, Turkey
Hanife Bıdırdı: Faculty of Economics and Administrative Sciences, Department of Economics, Kocaeli University, 41380, İzmit/Kocaeli, Turkey

Journal of International Commerce, Economics and Policy (JICEP), 2018, vol. 09, issue 03, 1-21

Abstract: The purpose of this study is to investigate the effect of the number of patents on high and medium-high-tech export (HTEX) performance in developed and developing countries for the period of 1996–2012. In the empirical model, HTEX is explained by the number of patents (PAT), fixed capital (GFC), and FDI inflows. Estimation results show that PAT is one of the key determinants of HTEX in both groups of countries and PAT elasticity of HTEX in developing countries is higher than that of developed ones. However, while there is no short-run causality from PAT to HTEX, there is short-run causality from GFC and FDI to HTEX.

Keywords: High-tech exports; patent; panel co-integration; panel VECM (search for similar items in EconPapers)
Date: 2018
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Citations: View citations in EconPapers (4)

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DOI: 10.1142/S1793993318500114

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