Innovation and High-Tech Exports in Developed and Developing Countries

被引:4
|
作者
Bayraktutan, Yusuf [1 ]
Bidiri, Hanife [1 ]
机构
[1] Kocaeli Univ, Fac Econ & Adm Sci, Dept Econ, TR-41380 Izmit, Turkey
关键词
High-tech exports; patent; panel co-integration; panel VECM;
D O I
10.1142/S1793993318500114
中图分类号
F [经济];
学科分类号
02 ;
摘要
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.
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页数:21
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