TY  - JOUR
TI  - Does High Technology Product Exports Increase Welfare or Countries with High Welfare Levels Innovate Better? A Causality Analysis
AB  - After the Second World War, globalization has been promoted andsupported by the leading countries, especially after the 1980s, globalizationhas accelerated. 18.8% percent of exports within total world trade as of 1980has become 30.6% by 2019. Export became important, especially for reachingacceptable growth rates for countries, as manifested in the studies of Balassa,Chow and Heller. However, some countries changed their strategies towardexporting the products that create higher values to their trade level, whichmeans exporting the more profitable high-technology products. By this newgovernment strategy, it is aimed to find the answer to the question ‘DoesHigh Technology Product Exports Increase Welfare or Countries withHigh Welfare Levels Innovate Better?’ using the causality test ofDimutriscue and Hurlin for 20 countries of the top10 and bottom 10 hightech exporters of the world with the time span of 2007-2018. It is concludedthat for bottom high-technology exporters, there is two-way causalitybetween welfare and high technology exports, but for top ten hightechnology exporters, there is one-way causality from welfare to hightechnology exports. This may be the sign of after a certain saturation level ofwelfare; high-tech product exports do not create any value on welfare. Toour knowledge, this research paper is the first study that makes acomparison between top high-tech exporters and bottom high-tech exportsin terms of analysing the effects of high-tech exports on welfare. Moreover,this is the first paper on two-way impact analysis; the impacts of welfare onhigh-tech export and the impacts of high-tech export on welfare.
AU  - YILMAZ, EBRU GÜL
PY  - 2021
JO  - İnsan ve Toplum Bilimleri Araştırmaları Dergisi
VL  - 10
IS  - 2
SN  - 2147-1185
SP  - 1373
EP  - 1396
DB  - TRDizin
UR  - http://search/yayin/detay/432264
ER  -