Hamid Sepehrdoust; Mohsen Tartar; Razieh Davarikish
Abstract
Export is one of the determinants of business development and sustainable economic growth, which in the modern economy is strongly influenced by superior technology and economic complexity index. Since scientific productivity provides the conditions for the acquisition of superior technology, therefore, ...
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Export is one of the determinants of business development and sustainable economic growth, which in the modern economy is strongly influenced by superior technology and economic complexity index. Since scientific productivity provides the conditions for the acquisition of superior technology, therefore, to the extent that export development can be tailored to the export-oriented characteristics of non-renewable sources in developing countries, the challenge is to what extent has the growth of scientific productivity been able to affect the export of high-tech in developing countries? The main purpose of this study is to investigate the impact of the scientific productivity index on high-tech exports of G15 developing countries during 2000-2018; using Panel Data Vector Autoregressive (PVAR) method. The results show that in a 10-yearly period, generating a shock in scientific productivity has a positive effect on high technology exports and over time the impact of increasing scientific productivity on high technology exports increases. Moreover, a positive shock in financial risk, initially leads to an ever-increasing export of high technology exports but the effects are not permanent and diminishes after about 4 years. The economic risk also has a positive effect on increasing high technology exports, while the impact of political risk is negligible on high technology exports in the long and short term. The results of variance decomposition also show that the variables with high technology export, economic risk and scientific productivity have the most impact on the high technology export respectively. Financial risk has little effect and political risk has the least impact on high-tech exports.
