International Conference on Eurasian Economies
29-31 August 2016 – Kaposvár, HUNGARY
Paper detail
Paper ID : 1787
Status : Paper published
Language : Turkish
Topic : International Trade and Globalization
Presenter: Assoc. Prof. Dr. Erhan İşcan
Session : 5B Uluslararası Ticaret
The Export-Led Growth: A Technological View
İhracata Dayalı Büyüme: Teknolojik Bakış
- Prof. Dr. Harun Bal (Çukurova University, Türkiye)
- Assoc. Prof. Dr. Hakkı Çiftçi (Çukurova University, Türkiye)
- Assoc. Prof. Dr. Erhan İşcan (Çukurova University, Türkiye)
- Dr. Duygu Serin Oktay (Çukurova University, Türkiye)
Abstract
The details of the impact of exports on economic growth have been one of the most important topics in the literature. Numerous studies asserted that open economies grow faster than the closed ones because of the effect of the exports on GDP and increase of productivity and efficiency through foreign competition. Concurrently, these studies indicated that there are strong correlation exists between exports and economic growth. On the other hand, high share of production of technology in today's economies is the key for sustainable and high rates of growth and the relationship between technology exports and economic growth has been a topic of interest among economists. Many studies in the literature published on export-led hypothesis in recent years but only few studies addressed the technological issues. Therefore, the purpose of this study is to examine the impact of technology exports on economic growth of selected OECD countries using dynamic panel method. We established the model by using the yearly data of 2003-2015 periods for selected OECD countries provided by OECD.Stat. As a conclusion, it is revealed that technology exports have positive and statistically significant impact on economic growth. These results implied that high-tech exports led to growth in selected OECD countries. These results suggested that promoting the production of technology is one the drivers of the economic growth.
JEL codes: F10, O40, O30
Bal, Harun, Çiftçi, Hakkı, İşcan, Erhan, Serin Oktay, Duygu (2016). "The Export-Led Growth: A Technological View" in Proceedings of International Conference of Eurasian Economies 2016, pp.311-316, Kaposvár, HUNGARY.
DOI: https://doi.org/10.36880/C07.01787
Session 5B: Uluslararası Ticaret
