Assessing the Impact of High-Technology Exports on the Growth of the Turkish Economy
High technology product export is emerging as one of the issues that economists have discussed frequently in recent years. Increasing the high-tech product export performance provides a competitive advantage in international trade for countries. To this extent, this study aims to determine the impac...
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| Format: | Article |
| Language: | English |
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Istanbul University Press
2022-01-01
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| Series: | İktisat Politikası Araştırmaları Dergisi |
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| Online Access: | https://cdn.istanbul.edu.tr/file/JTA6CLJ8T5/AFFCE985315E45DFA25EF49357D48A60 |
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| _version_ | 1849313259100831744 |
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| author | Emrah Sofuoğlu Oktay Kızılkaya Emrah Koçak |
| author_facet | Emrah Sofuoğlu Oktay Kızılkaya Emrah Koçak |
| author_sort | Emrah Sofuoğlu |
| collection | DOAJ |
| description | High technology product export is emerging as one of the issues that economists have discussed frequently in recent years. Increasing the high-tech product export performance provides a competitive advantage in international trade for countries. To this extent, this study aims to determine the impact of high technology product export on economic growth for Turkey over the period 1990-2019. For the empirical analysis, Hatemi-J (2008), Gregory and Hansen (1996) Fully Modified Ordinary Least Squares (FMOLS), DOLS, and Canonical cointegration regression (CCR) methods are utilized. According to the Hatemi-J cointegration test, there is a long-term relationship between high-technology product export, fixed capital formation, and economic growth, yet a structural break was detected for 2008. In addition, the Gregory and Hansen test result also confirms the cointegration relationship under structural breaks for 2003 and 2006. FMOLS, DOLS, and CCR long-term coefficient test results indicate that high technology product export positively impacts economic growth. The fundamental policy recommendation of this study is to increase financial resources to boost high-tech exports and thus economic growth. |
| format | Article |
| id | doaj-art-05f8deecb8854fc2acb3e7669353989f |
| institution | Kabale University |
| issn | 2148-3876 |
| language | English |
| publishDate | 2022-01-01 |
| publisher | Istanbul University Press |
| record_format | Article |
| series | İktisat Politikası Araştırmaları Dergisi |
| spelling | doaj-art-05f8deecb8854fc2acb3e7669353989f2025-08-20T03:52:48ZengIstanbul University Pressİktisat Politikası Araştırmaları Dergisi2148-38762022-01-019120522910.26650/JEPR950483123456Assessing the Impact of High-Technology Exports on the Growth of the Turkish EconomyEmrah Sofuoğlu0https://orcid.org/0000-0001-7716-1599Oktay Kızılkaya1Emrah Koçak2Kırşehir Ahi Evran Üniversitesi, Kirsehir, TurkiyeKırşehir Ahi Evran Üniversitesi, Kirsehir, TurkiyeErciyes Üniversitesi, Kayseri, TurkiyeHigh technology product export is emerging as one of the issues that economists have discussed frequently in recent years. Increasing the high-tech product export performance provides a competitive advantage in international trade for countries. To this extent, this study aims to determine the impact of high technology product export on economic growth for Turkey over the period 1990-2019. For the empirical analysis, Hatemi-J (2008), Gregory and Hansen (1996) Fully Modified Ordinary Least Squares (FMOLS), DOLS, and Canonical cointegration regression (CCR) methods are utilized. According to the Hatemi-J cointegration test, there is a long-term relationship between high-technology product export, fixed capital formation, and economic growth, yet a structural break was detected for 2008. In addition, the Gregory and Hansen test result also confirms the cointegration relationship under structural breaks for 2003 and 2006. FMOLS, DOLS, and CCR long-term coefficient test results indicate that high technology product export positively impacts economic growth. The fundamental policy recommendation of this study is to increase financial resources to boost high-tech exports and thus economic growth.https://cdn.istanbul.edu.tr/file/JTA6CLJ8T5/AFFCE985315E45DFA25EF49357D48A60high technology product exporteconomic growthfixed capital formationstructural break cointegrationhatemi-j cointegration |
| spellingShingle | Emrah Sofuoğlu Oktay Kızılkaya Emrah Koçak Assessing the Impact of High-Technology Exports on the Growth of the Turkish Economy İktisat Politikası Araştırmaları Dergisi high technology product export economic growth fixed capital formation structural break cointegration hatemi-j cointegration |
| title | Assessing the Impact of High-Technology Exports on the Growth of the Turkish Economy |
| title_full | Assessing the Impact of High-Technology Exports on the Growth of the Turkish Economy |
| title_fullStr | Assessing the Impact of High-Technology Exports on the Growth of the Turkish Economy |
| title_full_unstemmed | Assessing the Impact of High-Technology Exports on the Growth of the Turkish Economy |
| title_short | Assessing the Impact of High-Technology Exports on the Growth of the Turkish Economy |
| title_sort | assessing the impact of high technology exports on the growth of the turkish economy |
| topic | high technology product export economic growth fixed capital formation structural break cointegration hatemi-j cointegration |
| url | https://cdn.istanbul.edu.tr/file/JTA6CLJ8T5/AFFCE985315E45DFA25EF49357D48A60 |
| work_keys_str_mv | AT emrahsofuoglu assessingtheimpactofhightechnologyexportsonthegrowthoftheturkisheconomy AT oktaykızılkaya assessingtheimpactofhightechnologyexportsonthegrowthoftheturkisheconomy AT emrahkocak assessingtheimpactofhightechnologyexportsonthegrowthoftheturkisheconomy |