Please use this identifier to cite or link to this item: https://hdl.handle.net/10419/323144 
Year of Publication: 
2024
Citation: 
[Journal:] Ekonomika [ISSN:] 2424-6166 [Volume:] 103 [Issue:] 1 [Year:] 2024 [Pages:] 127-144
Publisher: 
Vilnius University Press, Vilnius
Abstract: 
High-tech export-led growth is an important determinant in terms of having a milestone feature for the level of development of countries. Although the restrictions arise from recent literature, it is obvious that countries, like Korea with 35.7% the high-technology product export ratio and China with 31.3%, that have set a strategy on the high-technology export-led growth could have managed to achieve what they aimed to have. It is obvious that to make any investment in high-technology products, a certain level of savings should be achieved. The purpose of this paper is to determine the savings level that is necessary for achieving a high-technology export level for economic growth. The motivation arises from the willingness to shed light on policymakers on their way to achieve the high-technology export-led growth. Sixteen countries with high-technology product export levels higher than the World's average are chosen in order to test the HXT export-led growth strategy at the initial stage. The period of 2007-2020 has been chosen due to the availability of the data. After achieving the result that there is a bidirectional casualty relationship between HTX and economic growth, by using the threshold regression model it is concluded that after achieving the savings level of 38.73%, countries can create an increase in their HTX level. And this is a very important output for policymakers for setting their strategies for the high-technology export-led growth. Hence the main aim of the policymakers is to increase welfare level of citizens, they should aim to reach 38.73% in order to achieve the high-technology export-led growth. After reaching this savings level they will have a chance to make investments for producing high-technology products by routing their savings to research and development and getting patents. In this way, they will have a chance to increase the welfare levels with the HTX-led growth strategy.
Subjects: 
Dimutrescue and Hurlin Casualty
Economic Development
High-technology export-led growth
saving level
Threshold Regression
Persistent Identifier of the first edition: 
Creative Commons License: 
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Document Type: 
Article

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