The Relationship Between High-Tech Export and Economic Growth: A Panel Data Approach for Selected Countries

Abstract

The study has analyzed the relationship between high-tech export, agriculture export, and economic growth, in the context of the export-led growth hypothesis, by using the panel data analysis. In this paper, 20 high-tech exporter countries were selected. These countries are Belgium, Canada, China, Czech Republic, France, Germany, India, Ireland, Italy, Japan, Korea, Malaysia, Mexico, Netherlands, Poland, Singapore, Switzerland, Thailand, the UK, and the USA. The data were collected from 2007 to 2018. Analysis results show that high technology export increases economic growth more than agricultural export. Policymakers should support to invest in manufacturing of aircraft, helicopters, nuclear reactors, spacecraft, automobile, and its components.