The Role of High-Tech Exports and of Foreign Direct Investments (FDI) on Economic Growth

Ekananda, Mahjus; Parlinggoman, Dion Jogi

doi:10.35808/ersj/828

Cited by 31 publications

(18 citation statements)

References 32 publications

Supporting

Mentioning

Contrasting

Order By: Relevance

“…One of the most important factors shaping economic growth is increasing export. The world trade is increasing 6 percent per year, and it is faster than world output (IMF report, 2009;Ekananda and Parlinggoman, 2017). The export increased from 55,7 billion EUR to 137,2 billion EUR (146,3 % increase).…”

Section: Resultsmentioning

confidence: 99%

Impact of New Member Accession to the European Union on Food Trade

Bórawski¹,

Bełdycka-Bórawska²,

Pawlewicz³

et al. 2020

ERSJ

View full text Add to dashboard Cite

Section: Resultsmentioning

confidence: 99%

Impact of New Member Accession to the European Union on Food Trade

Bórawski¹,

Bełdycka-Bórawska²,

Pawlewicz³

et al. 2020

ERSJ

View full text Add to dashboard Cite

“…De Mello (1999) found on the sample of OECD and non-OECD countries over the period 1970-1990 that extent to which FDI fosters economic growth depends upon the level of complementarity and substitution of FDI and domestic investment. Ekananda and Parlinggoman (2017) found positive role of FDI and domestic investment on economic growth on the sample of 50 countries over the period 1992-2014. Kurecic and Kozina (2017) examined the correlation between GDP and FDI in EU15 countries over the period 1980-2014 and found most of the EU15 member countries show a significant correlation.…”

Section: Introductionmentioning

confidence: 86%

What is the relationship between FDI and economic growth? Evidence from EU15 countries

Bilas

2020

Zb. Veleuč. Rij. (Online)

View full text Add to dashboard Cite

The aim of the paper is to examine the relationship between foreign direct investment (FDI) and economic growth in EU15 countries over the period 2002-2018. EU15 makes a group of countries which entered the EU prior to the biggest enlargement in 2004, namely latest in 1995 (Austria, Belgium, Denmark, Finland, France, Germany, Greece, Ireland, Italy, Luxembourg, Netherlands, Portugal, Spain, Sweden and United Kingdom). Paper findings contribute to the existing literature on the impact of FDI on economic growth. It employs different unit root tests, panel cointegration test (ARDL model) and Granger causality. Estimated panel ARDL model found some evidence that there are long-run equilibrium between LogGDP, LogFDI and LogFDIP series. The rate of adjustment back to equilibrium is between 4.43% and 5.95%. The long-run coefficients are all positive, but not all of them are statistically significant. In case of LogFDIP series long-run coefficients are statistically significant, varying between 0.1226 and 0.4398. These coefficients indicate that 1% increase in LogFDIP (logarithm of FDI to GDP) increases LogGDP between 0.1226% and 0.4398%. Results of Dumitrescu-Hurlin panel causality test indicated that there is only unidirectional causal relationship from GDP growth rate to FDI growth rate, and from GDP growth rate to LogFDIP. Conclusively, there is only a weak evidence that FDI had statistically significant impact on the GDP in EU15 countries.

show abstract

“…According to the export-led growth hypothesis, strong export growth is considered an advantage in terms of capital formation that increases productivity, importation of capital goods, and competition with foreign industries that encourages resource allocation to export industries, concluding that high-tech exports have a significant role in progressive economies (Suryanto, 2016). Moreover, (Ekananda & Parlinggoman, 2017), was able to identify that high-tech goods exports positively affect the economic growth in countries with a relatively large and small portion of high-tech exports in terms of productivity using the random effect model. Another theory called the growth principle in neoclassical theory justified that technological transformation increases the real GDP, claiming that technological transformation is positively correlated with growth (Caliskan, 2015).…”

Section: High-technology Exports On Economic Growthmentioning

confidence: 99%

Artificial Intelligence and Labor Productivity Paradox: The Economic Impact of AI in China, India, Japan, and Singapore

Bonsay

Cruz

Firozi

et al. 2021

JEFAS

View full text Add to dashboard Cite

Artificial intelligence is designed to generate technologies that potentially increase productivity and economic welfare. This study analyzes the relationship between GDP and high-technology exports, GDP per person employed, and unemployment rate in China, India, Japan, and Singapore. Recent concerns on technological unemployment claim that artificial intelligence disrupts the labor market which decreases employment over time. Using the multiple regression analysis, this study proved that Japan comparatively has better utilization of AI and labor productivity as all independent variables show significance to the GDP. Labor productivity in all countries is positively related to GDP. However, China and India showed signs of improper AI utilization as technological unemployment occurred. The unemployment rate in China is insignificant to its GDP, while India's unemployment rate is positively related to GDP, hence the jobless growth. In Singapore, the insignificance of high-tech exports to GDP is due to its lack of R&D investments these recent years. The results suggest that AI escalates growth through proper utilization trade liberalization, as exercised by Japan, as it helps the economy to be open and flexible to various free trade agreements which facilitates technological progress and enables the opening of new markets for growth and expansion, especially of artificial intelligence, which attracts and encourage foreign direct investments that will cater technology transfer, creation of new jobs, and economic growth.

show abstract

The Role of High-Tech Exports and of Foreign Direct Investments (FDI) on Economic Growth

Cited by 31 publications

References 32 publications

Impact of New Member Accession to the European Union on Food Trade

Impact of New Member Accession to the European Union on Food Trade

What is the relationship between FDI and economic growth? Evidence from EU15 countries

Artificial Intelligence and Labor Productivity Paradox: The Economic Impact of AI in China, India, Japan, and Singapore

Contact Info

Product

Resources

About