Technology Intensive Exports and Growth of Asian Economies

Abstract

The emphasis on enhancing and specialising in technology exports and altering policy environment in Asian economies has been dominant since 2000. The present study is an attempt to empirically investigate the effect of technology exports on enhancing growth of Asian economies during the period 2001 to 2018. To assess the linkages between growth, investments, labour productivity and technology exports, panel least squares with cross section weights is applied for the economies. To assess the relationship between the variables for each individual country ARDL technique is applied. The results indicate long run relationship between low, medium low and medium high technology exports and growth as well as domestic investment and growth. For individual nations, the results indicate varying intensity of technology exports have a different relationship with growth. The results also suggest the need for Government of each nation to enhance its effort on the development of policies which focus on attracting investments and further promoting exports of technology intensive sectors. JEL Codes: F14, F60, O19

Assessment of Cyclical Fluctuations in the Share of High-Tech Products in the U.K. Foreign Trade

“…Özsoy et al (2022) focused on the impact of the digitalization of society on high-tech exports. The impact of the latter on economic growth has been studied for Turkey (Ustabaş & Ersin, 2016;Ege & Ege, 2017), the Philippines (Garces & Adriatico, 2019), Japan (Marukawa, 2013), Israel (Rivlin, 2010), the European Union (Srholec, 2007), OECD countries (Kabaklarli et al, 2018;Şahin & Şahin, 2021;Ersin et al, 2022), and Asian countries (Siddiqui, 2022). However, the issue of cyclicality in the behavior of high-tech exports has not been studied.…”