Suchergebnisse

The emphasis on enhancing and specialising in technology exports and altering policy environment in Asian economies has been dominant since 2000. The present study is an attempt to empirically investigate the effect of technology exports on enhancing growth of Asian economies during the period 2001 to 2018. To assess the linkages between growth, investments, labour productivity and technology exports, panel least squares with cross section weights is applied for the economies. To assess the relationship between the variables for each individual country ARDL technique is applied. The results indicate long run relationship between low, medium low and medium high technology exports and growth as well as domestic investment and growth. For individual nations, the results indicate varying intensity of technology exports have a different relationship with growth. The results also suggest the need for Government of each nation to enhance its effort on the development of policies which focus on attracting investments and further promoting exports of technology intensive sectors. JEL Codes: F14, F60, O19

Technology being incorporated in products, intermediate inputs and processes varies from sector to sector. Using annual time series data (1991–2017), a comparative performance of two sectors, namely, a high-tech (electronics and hardware) and low-tech (textiles and clothing), is undertaken to elaborate on the linkages between trade and technology. The empirical analysis in the form of auto regressive distributive lag (ARDL) testing approach to co-integration concludes that there is strong evidence of positive long-run relationship between extensive margin, gross fixed capital formation and revealed comparative advantage (RCA) with gross exports (GE) for the textile and clothing sector. Also, there runs a bidirectional Granger causality between RCA and GE and unidirectional Granger causality from GE to extensive and intensive margins and production value. However, there is a lack of evidence of long-run co-integration in the electronics sector. Still, a short-run positive causal relationship exists between lagged values of GE, intensive margin and production with GE. Together, the impact of these variables on the sector's export performance varies, thus posing a challenge as well as providing a direction for the policies to reap further from this potential nexus of trade, investment and global value chains.

This study develops an information and communication technology (ICT) penetration index and examines the link between ICT penetration and economic growth, trade openness and foreign direct investment in major trading nations from 2001 to 2018. The nations have been selected based on total trade volume. The ICT penetration index constructed for the major trading nations is based on trade of ICT goods and services, Internet use, mobile and broadband subscriptions using principal component analysis. Based on the new endogenous growth model, co-integration and panel regression are applied to determine the relationship between ICT penetration, trade openness and economic growth. A few other control variables such as financial development and foreign direct investment are also considered to assess the relationship between growth, trade openness and ICT penetration along with cross-country effects. It is seen that there exists a relationship between ICT penetration, economic growth, trade openness and foreign direct investment for the selected countries, with emerging and high-income countries showing a significant relationship between ICT penetration and growth, while countries are focusing on enhancing the role of ICT in trade.