A SPATIAL EVIDENCE ON THE DETERMINANTS OF HIGH-TECH EXPORTS IN THE EUROPE-Reference-Cited by-同舟云学术

A SPATIAL EVIDENCE ON THE DETERMINANTS OF HIGH-TECH EXPORTS IN THE EUROPE

Published:2024-06-28 Issue:29 Volume:15 Page:243-270
ISSN:1309-4289
Container-title:Kafkas Üniversitesi İktisadi ve İdari Bilimler Fakültesi Dergisi
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Author:

İğdeli Arif¹^ORCID,Sever Erşan²^ORCID

Affiliation:

1. AKSARAY ÜNİVERSİTESİ, İKTİSADİ VE İDARİ BİLİMLER FAKÜLTESİ

2. AKSARAY UNIVERSITY, FACULTY OF ECONOMICS AND ADMINISTRATIVE SCIENCES

Abstract

The aim of this study is to analyze the determinants of high-tech exports in the 40 European countries sample from 2011-2021, while considering spatial spillover. To achieve this, a spatial panel data model was employed. The results indicate a positive impact of per capita GDP, per capita patent applications, and trade openness on high-tech exports. However, there is no significant impact of R&D expenditures, foreign direct investment, and economic freedom on high-tech exports. The results showed a differentiation when considering spatial effects. The analysis model revealed the presence of both spatial lag and spatial error. Additionally, the results suggest that high-tech exports from surrounding countries have a positive impact on the high-tech exports of the country. Based on these findings, it is recommended that policymakers work towards eliminating trade barriers between countries, ameliorating income and promoting the commercialization of knowledge.

Publisher

Kafkas Universitesi Iktisadi ve Idari Bilimler Fakultesi Dergisi

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