Journal of Korea Technology Innovation Society (기술혁신학회지)

Korea Technology Innovation Society (한국기술혁신학회)
권호 표지

High-Technology Exports and Economic Output： A Cross-Country Analysis

하이테크 수출과 경제적 성과에 대한 다국가 분석

  • Published : 2004.08.01
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Abstract

Evaluating the sources of economic output is obviously important, and numerous attempts have been made to judge the impact of many different factors on economic output. It is widely accepted that high-technology(HT) is one of the important factors in economic output. This paper empirically explores the impacts of HT exports on economic output using a cross-county analysis based on data from 89 countries for the year 1988-2000. To this end, several versions of the neoclassical growth models, explicitly including HT exports, are estimated. Subject to the appropriate caveats, the results provide further support for several key conclusions of the former studies - investment in physical capital, population growth, and the human capital are important in accounting fer economic output across countries. More importantly, it is concluded that HT exports significantly contribute to economic output. Interestingly, the conclusion is valid f3r developing countries, but not far developed countries.

Keywords

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