INNOVATION INVESTMENT AND HIGH-TECHNOLOGY EXPORTS: EVIDENCE FROM ASIAN ECONOMIES
DOI:
https://doi.org/10.62985/j.huit_ojs.vol26.no3E.567Từ khóa:
Asian economies, high-technology exports, innovation investment, quantile regression, research and development.Tóm tắt
This study investigates the effects of innovation investment, proxied by research and development expenditure, on high-technology exports in Asian economies. Drawing on a panel dataset of nine Asian countries over the period 2010–2024 and employing quantile regression techniques, the analysis captures the heterogeneous impacts of innovation investment across different levels of high-technology export performance, thereby moving beyond the average-effect focus prevalent in the existing literature. The empirical results demonstrate that innovation investment exerts a robust and statistically significant positive effect on high-technology exports across all estimated quantiles. In addition, trade openness, labor, and foreign direct investment are found to play critical roles in facilitating the expansion of high-technology exports. From an academic standpoint, this study advances the innovation–trade nexus by providing novel evidence from Asian economies using a long-horizon panel dataset and a distribution-sensitive empirical approach. From a policy and managerial perspective, the findings underscore the importance of strengthening research and development investment. They also highlight the need to deepen trade liberalization, attract high-quality foreign direct investment, and enhance human capital. These factors serve as key strategic levers for upgrading export structures and improving the global competitiveness of Asian economies within global value chains.
Tài liệu tham khảo
[1] P. Aghion, D. Comin, P. Howitt, and I. Tecu, "When does domestic savings matter for economic growth?," IMF Economic Review, vol. 64, no. 3, pp. 381–407, 2016, doi: https://doi.org/10.1057/imfer.2015.41
[2] P. M. Romer, "Endogenous technological change," Journal of Political Economy, vol. 98, no. 5, pt. 2, pp. S71–S102, 1990, doi: https://doi.org/10.1086/261725
[3] M. V. Posner, "International trade and technical change," Oxford Economic Papers, vol. 13, no. 3, pp. 323–341, 1961, doi: https://doi.org/10.1093/oxfordjournals.oep.a040877
[4] R. Vernon, "International investment and international trade in the product cycle," The Quarterly Journal of Economics, vol. 80, no. 2, pp. 190–207, 1966, doi: https://doi.org/10.2307/1880689
[5] G. M. Grossman and E. Helpman, "Trade, knowledge spillovers, and growth," European Economic Review, vol. 35, no. 2, pp. 517–526, 1991, doi: https://doi.org/10.1016/0014-2921(91)90153-A
[6] W. M. Cohen and D. A. Levinthal, "Absorptive capacity: A new perspective on learning and innovation," Administrative Science Quarterly, vol. 35, no. 1, pp. 128–152, 1990, doi: https://doi.org/10.2307/2393553
[7] S. Sandu and B. Ciocanel, "Impact of R&D and innovation on high-tech export," Procedia Economics and Finance, vol. 15, pp. 80–90, 2014, doi: https://doi.org/10.1016/S2212-5671(14)00450-X
[8] A. Navarro Zapata, M. Arrazola, and J. de Hevia, "Determinants of high-tech exports: New evidence from OECD countries," Journal of the Knowledge Economy, vol. 15, no. 1, pp. 1103–1117, 2024, doi: https://doi.org/10.1007/s13132-023-01116-z
[9] H. Sepehrdoust, M. Tartar, and R. Davarikish, "Does scientific productivity stimulate intensified technology exports in developing economies?," Journal of the Knowledge Economy, vol. 12, no. 4, pp. 2111–2135, 2021, doi: https://doi.org/10.1007/s13132-021-00799-6
[10] I. M. Drapkin, A. A. Gainetdinova, and A. Z. Panzabekova, "Determinants of high-tech exports in CEE and CIS countries," Economy of Region, vol. 17, no. 2, pp. 486–501, 2021, doi: https://doi.org/10.17059/ekon.reg.2021-2-10
[11] R. M. Solow, "A contribution to the theory of economic growth," The Quarterly Journal of Economics, vol. 70, no. 1, pp. 65–94, 1956, doi: https://doi.org/10.2307/1884513
[12] T. W. Swan, "Economic growth and capital accumulation," Economic Record, vol. 32, no. 2, pp. 334–361, 1956, doi: https://doi.org/10.1111/j.1475-4932.1956.tb00434.x
[13] N. Bloom, C. I. Jones, J. Van Reenen, and M. Webb, "Are ideas getting harder to find?," American Economic Review, vol. 110, no. 4, pp. 1104–1144, 2020, doi: https://doi.org/10.1257/aer.20180338
[14] A. Mulliqi, "The role of education in explaining technology-intensive exports: A comparative analysis of transition and non-transition economies," Eastern Journal of European Studies, vol. 12, no. 1, pp. 141–172, 2021, doi: https://doi.org/10.47743/ejes-2021-0106
[15] T. S. Sara, F. H. Jackson, and L. T. Upchurch, "Role of innovation in hi-tech-exports of a nation," International Journal of Business and Management, vol. 7, no. 7, pp. 85–93, 2012, doi: https://doi.org/10.5539/ijbm.v7n7p85
[16] R. Koenker, "Quantile regression for longitudinal data," Journal of Multivariate Analysis, vol. 91, no. 1, pp. 74–89, 2004, doi: https://doi.org/10.1016/j.jmva.2004.05.006
