Earlier studies of economic growth models are generally characterized by macroeconomics variable using the behavior of capital, population, and exports. In fact, every country has its respective export composition according to human capabilities and technologies. This study involves FDI, high-tech and non high-tech exports, and GDP using 50 countries in the period 1992-2014. The results using random effect model shows that non-high-tech exports affect positively on GDP growth on the entire sample. Given this point, high-tech export industries in both groups (the non-high-tech and the high-tech intensive exports countries) have better productivity compared to domestic industry.
|Number of pages||19|
|Journal||European Research Studies Journal|
|Publication status||Published - 1 Jan 2017|
- Economic growth
- Foreign direct investment
- International trade