工业化国家的高科技产品出口和经济增长外文原文.pdfVIP

Applied Economics Letters, 2009, 16, 1025–1028 High-tech exports and economic growth in industrialized countries Martin Falk Austrian Institute of Economic Research (WIFO), P.O. Box 91, A-1103 Vienna, Austria E-mail: Martin.Falk@wifo.ac.at The present article provides new evidence on the impact of the change in the high-tech export share on economic growth in OECD countries. We estimate a dynamic growth model on panel data for 22 OECD countries for 1980–2004, in which the data is measured as 5-year averages. Using the system GMM panel estimator, which corrects for simultaneity, we find that both business RD intensity and the share of high-tech exports are significantly positively related to the GDP per working age population. The estimated elasticities are rather sizable but the magnitude suggests that business RD intensity is more important than the share of high-tech exports in explaining GDP per working age population. I. Introduction factors affecting the differences in GDP and productivity growth (Bassanini and Scarpetta, The share of high-technology exports in total 2001). However, the relationship between high- manufacturing exports has increased considerably in tech exports and economic growth in industrialized OECD countries throughout the last 25 years. Some countries remains somewhat unclear. Crespo- OECD countries such as Finland, Ireland, Korea, the Cuaresma and Worz¨ (2005) found that the export Netherlands and the United Kingdom have increased share of technology-intensive industries is signifi- their high-tech export share more than other coun- cantly positively related to the