Yıl: 2021 Cilt: 71 Sayı: 2 Sayfa Aralığı: 457 - 498 Metin Dili: Türkçe DOI: 10.26650/ISTJECON2021-974011 İndeks Tarihi: 02-06-2022

Yüksek Teknoloji Ürün İhracatının Gelir Üzerine Etkisi: Translog Üretim Fonksiyonuna Dair Bulgular*

Öz:
Bu çalışmanın amacı, yüksek teknoloji(HT) ihracatın gelir üzerindeki etkisini panel veri yöntemleriyle 49 ülke ve 1988-2017 dönemi için hem Cobb-Dougles hem de Translog üretim fonksiyonu altında analiz ederek literatüre yeni bulgular sunmaktır. Translog üretim fonksiyonunda HT-Gelir ilişkisini araştıran başka bir çalışmaya rastlanılmamıştır. Bu yönüyle mevcut analiz öncül bir çalışma özelliği taşımaktadır. Referans modelde SEK varsayımlarının karşılanamaması nedeniyle söz konusu problemlerin varlığında dirençli standart hatalar üreten Driscoll-Kraay yöntemiyle regresyon katsayıları tahmin edilmiştir. Ayrıca, seriler arasında eşbütünleşmenin varlığı artıkların durağanlığı ile araştırılmıştır. Elde edilen bulgulara göre, fiziki sermayenin ölçeğe katkısı olan gelir esnekliği 0,668; beşeri sermayenin gelir esnekliği 0,584 ve HT ihracatının gelir esnekliği 0,071 düzeyinde hesaplanmıştır. Bununla birlikte, HT ihracatının işgücü başına gelire azalarak artan, beşeri sermayenin ise işgücü başına gelire ise artarak artan bir eğri boyunca katkı verdiği tespit edilmiştir. Fiziki sermaye ve gelir ilişkisinin ise doğrusal olduğu görülmektedir. Bu bulgular ana modellere ek olarak alternatif regresyon yöntemleriyle sağlamlık kontrolünden geçirilmiş ve mevcut modellerle uyumlu neticeler elde edilmiştir.
Anahtar Kelime:

The Impact of High-Tech Exports on Income: Findings on the Translog Production Function

Öz:
This study aims to present new findings to the literature by analyzing the impact of high-tech(HT) exports on revenue using panel data methods in 49 countries and under both CobbDouglas and Translog production functions for the period 1988- 2017. No other study has been found in the literature investigating the HT-Income relationship in the Translog production function. In this aspect, the current analysis is a pioneer study. Regression coefficients were estimated by the Driscoll-Kraay method, which produces robust standard errors in cases where OLS assumptions cannot be met. Furthermore, the existence of cointegration between the series was investigated by the stationarity of the residuals. According to the findings, the income elasticity of the physical capital contributing to the scale is 0.668; income elasticity of human capital was calculated as 0.584 and income elasticity of HT exports was calculated as 0.071. However, HT exports have been found to contribute to income per labor force, while human capital contributes to income per labor force along an increasing curve. The relationship between physical capital and income seems decidedly linear. These findings were tested for robustness with alternative regression methods in addition to the main models, and results compatible with the existing models were obtained.
Anahtar Kelime:

Belge Türü: Makale Makale Türü: Araştırma Makalesi Erişim Türü: Erişime Açık
  • Aghion, Ph. & Howitt, P. (1998). Endogenous growth theory. USA: MIT Press
  • Aiginger, K. & Falk, M. (2005). Explaining differences in economic growth among OECD countries. Empirica, 32(1), 19-43.
  • Amable, B. (2000). International specialisation and growth. Structural change and economic dynamics, 11(4), 413-431.
  • Arrow, K. J., Chenery, H. B., Minhas, B. S. & Solow, R. M. (1961). Capital-labor substitution and economic efficiency. The review of Economics and Statistics, 225-250.
  • Avila-Lopez, L. A., Lyu, C. & Lopez-Leyva, S. (2019). Innovation and growth: Evidence from Latin American countries. Journal of Applied Economics, 22(1), 287-303.
  • Bal, H., Çiftçi, H., İşcan, E. & Serin, D. (2016). İhracata dayalı büyüme: Teknolojik bakış The export-led growth: A technological view. In International Conference on Eurasian Economies. 311-316.
  • Baltagi, B. H. & Wu, P. X. (1999). Unequally spaced panel data regressions with AR (1) disturbances. Econometric Theory, 814-823
  • Barro, R. J. & Lee, J. W. (2013). A new data set of educational attainment in the world, 1950– 2010. Journal of Development Economics, 104, 184-198. Erişim: http://www.barrolee.com/.
  • Berndt, E. R. & Christensen, L. R. (1973). The translog function and the substitution of equipment, structures, and labor in US manufacturing 1929-68. Journal of Econometrics, 1(1), 81-113.
  • Bosworth, B. & Collins, S. M. (2003). The empirics of growth: An update. Brookings Papers on Economic Activity, 2003(2), 113-206.
  • Carrasco, C. A. & Tovar-García, E. D. (2020). Trade and growth in developing countries: the role of export composition, import composition and export diversification. Economic Change and Restructuring, 1-23.
  • Castro, G. Á. & Camarillo, D. B. R. (2014). Determinants of tax revenue in OECD countries over the period 2001–2011. Contaduría y Administración, 59(3), 35-59.
  • Chrid, N., Saafi, S. & Chakroun, M. (2020). Export upgrading and economic growth: A panel cointegration and causality analysis. Journal of the Knowledge Economy, 1-31.
  • Christensen, L. R., Jorgenson, D. W. & Lau, L. J. (1973). Transcendental logarithmic production frontiers. The Review of Economics and Statistics, 55(1), 28-45.
  • Cobb, C. W. & Douglas, P. H. (1928). A theory of production. The American Economic Review, 18(1), 139-165.
  • Coe, D. T. & Helpman, E. (1995). International R&D spillovers. European Economic Review, 39(5), 859-887.
  • Cohen, D., Leker, L. & Soto, M. (2014). International educational attainment database. Erişim: http:// www.parisschoolofeconomics.eu/en/cohen-daniel/international-educational-attainment-database/
  • Cuaresma, J. C. & Wörz, J. (2005). On export composition and growth. Review of World Economics, 141(1), 33-49.
  • Debertin, D. L. (2012). Agricultural production economics (2nd. ed.), USA: Pearson
  • Driscoll, J. C. & Kraay, A. C. (1998). Consistent covariance matrix estimation with spatially dependent panel data. Review of Economics and Statistics, 80(4), 549-560.
  • Du, K. (2017). Translog: Stata module to create new variables for a translog function. Statistical Software Components S458318. Erişim: https://ideas.repec.org/c/boc/bocode/s458318.html
  • Durbin, J., & Watson, G. S. (1950). Testing for serial correlation in least squares regression: I. Biometrika, 37(3/4), 409-428.
  • Ekananda, M. & Parlinggoman, D. J. (2017). The role of high-tech exports and of foreign direct investments (fdı) on economic growth. European Research Studies Journal, 20(4A), 194-212.
  • Erkişi, K. & Boğa, S. (2019). High-techonology products export and economic growth: A panel data analysis for EU-15 countries. Bingöl Üniversitesi Sosyal Bilimler Enstitüsü Dergisi, 9(18), 669-684.
  • Fagerberg, J., Srholec, M. & Knell, M. (2007). The competitiveness of nations: Why some countries prosper while others fall behind. World Development, 35(10), 1595-1620.
  • Falk, M. (2007). R&D spending in the high-tech sector and economic growth. Research in Economics, 61(3), 140-147.
  • Falk, M. (2009). High-tech exports and economic growth in industrialized countries. Applied Economics Letters, 16(10), 1025-1028.
  • Fang, C., Kuo, K. H. & Lee, C. T. (2019). Free trade and economic growth: The role of talent diversity. Bulletin of Economic Research, 72(1), 1-13.
  • Feder, G. (1983). On exports and economic growth. Journal of Development Economics, 12(1-2), 59-73.
  • Gani, A. (2009). Technological achievement, high technology exports and growth. Journal of Comparative International Management, 12(2), 31-47.
  • Geary, R. C. (1950). A note on “A constant-utility index of the cost of living”. The Review of Economic Studies, 18(1), 65-66.
  • Harberger, A. (1978), Perspectives on capital and technology in less developed countries. In M.J. Artis & A.R. Nobey (Eds.), Contemporary Economic Analysis London: Croom Helm.
  • Herzer, D. & Nowak-Lehmann D, F. (2006). Export diversification, externalities and growth: Evidence for Chile. In Proceedings of the German Development Economics Conference, Berlin 2006 (No. 12).
  • Işık, N. ve Kılınç, E. C. (2016). İnovasyon-temelli ekonomi: seçilmiş ülkeler üzerine bir uygulama. Anadolu Üniversitesi Sosyal Bilimler Dergisi, 16(1), 13-27.
  • Jaccard, J. & Turrisi, R. (2003). Interaction effects in multiple regression. SAGE Publications.
  • Jarreau, J. & Poncet, S. (2012). Export sophistication and economic growth: Evidence from China. Journal of Development Economics, 97(2), 281-292.
  • Kalaitzi, A. S. & Chamberlain, T. W. (2020). The validity of the export-led growth hypothesis: some evidence from the GCC. The Journal of International Trade & Economic Development, 1-22.
  • Kennedy, P. (2008). A guide to econometrics, Oxford. Willey Blackwell.
  • Kılavuz, E., & Altay Topçu, B. (2012). Export and economic growth in the case of the manufacturing industry: panel data analysis of developing countries. International Journal of Economics and Financial Issues, 2(2), 201-215.
  • Kim, D. S. (1999). A standardization technique to reduce the problem of multicollinearity in polynomial regression analysis. Erişim: http://citeseerx.ist.psu.edu/viewdoc/ download?doi=10.1.1.573.1999&rep=rep1&type =pdf.
  • Kim, H. Y. (1992). The translog production function and variable returns to scale. The Review of Economics and Statistics, 546-552.
  • Kim, M. (2019). Cross-industry distribution of R&D investments and economic growth. Applied Economics Letters, 27(8), 679-684.
  • Kmenta, J. (1967). On estimation of the ces production function. International Economic Review, 8(2), 180-189.
  • Kögel, T. (2004). Did the association between fertility and female employment within OECD countries really change its sign? Journal of Population Economics, 17(1), 45-65.
  • Kumbhakar, S. C., Lien, G. & Hardaker, J. B. (2014). Technical efficiency in competing panel data models: a study of Norwegian grain farming. Journal of Productivity Analysis, 41(2), 321-337.
  • Kumbhakar, S. C., Wang, H. J. & Horncastle, A. P. (2015). A practitioner’s guide to stochastic frontier analysis using Stata. Cambridge University Press.
  • Lee, J. (2011). Export specialization and economic growth around the world. Economic systems, 35(1), 45-63.
  • Leontief, W. W. (1941). The structure of the american economy 1919-1929. Harvard University Press,
  • Lin, B. & Ahmad, I. (2016). Technical change, inter-factor and inter-fuel substitution possibilities in Pakistan: a trans-log production function approach. Journal of Cleaner Production, 126, 537-549
  • Lin, B. & Xie, C. (2014). Energy substitution effect on transport industry of China-based on trans-log production function. Energy, 67, 213-222.
  • Lucas Jr, R. E. (1988). On the mechanics of economic development. Journal of Monetary Economics, 22(1), 3-42.
  • Madsen, J. B. (2007). Technology spillover through trade and TFP convergence: 135 years of evidence for the OECD countries. Journal of International Economics, 72(2), 464-480.
  • Mankiw, N. G., Romer, D. & Weil, D. N. (1992). A contribution to the empirics of economic growth. The Quarterly Journal of Economics, 107(2), 407-437. Markandya, A. & Pedroso-Galinato, S. (2007). How substitutable is natural capital? Environmental and Resource Economics, 37(1), 297-312.
  • Miller, E. (2008). An assessment of CES and Cobb-Douglas production functions (pp. 2008-2005). Washington, DC: Congressional Budget Office.
  • Minondo, A. (2010). Exports’ productivity and growth across Spanish regions. Regional Studies, 44(5), 569-577.
  • Morishima, M. (1963). Equilibrium, stability and growth: A multi-sectoral analysis. Oxford University Press.
  • Naude, W., Bosker, M. & Matthee, M. (2010). Export specialisation and local economic growth. World Economy, 33(4), 552-572.
  • Neter, J. M. H. Kutner, C. J. Nachtsheim & W. Wasserman. (1996). Applied linear statistical models. USA: Irwin.
  • Nguyen, L. P. & Pham, V.H.T. (2020). Trade of ıct products, government, and economic growth: Evidence from east asia-pacific region. The Journal of Asian Finance, Economics and Business ( JAFEB), 7(8), 175-183.
  • O’Brien, R. M. (2007). A caution regarding rules of thumb for variance inflation factors. Quality & Quantity, 41(5), 673-690.
  • Orviská, M., Huňady, J., Pisár, P. & Hudson, J. (2019). From academic publications and patents to the technological development of the economy: Short and long run causalities. Quality Innovation Prosperity, 23(1), 74- 101.
  • Ostbye, S. (2010). The translog growth model. Journal of Macroeconomics, 32(2), 635-640.
  • Pablo-Romero, M. D. P. & Gómez-Calero, M. D. L. P. (2013). A translog production function for the spanish provinces: Impact of the human and physical capital in economic growth. Economic Modelling, 32, 77-87.
  • Pablo-Romero, M. D. P. & Sánchez-Braza, A. (2017). Residential energy environmental Kuznets curve in the EU-28. Energy, 125, 44-54.
  • Pablo-Romero, M. D. P., Sánchez-Braza, A. & Expósito, A. (2019). Industry level production functions and energy use in 12 EU countries. Journal of Cleaner Production, 212, 880-892.
  • Paroush, J. (1966). The h-homogeneous production function with constant elasticity of substitution: A note. Econometrica, 34(1), 225-227.
  • Peneder, M. (2003). Industrial structure and aggregate growth. Structural Change and Economic Dynamics, 14(4), 427-448.
  • Pesaran, M. H. (2003). A simple panel unit root test in the presence of cross section dependence (No. 0346). Faculty of Economics, University of Cambridge.
  • Pesaran, M. H. (2004). General diagnostic tests for cross section dependence in panels (No. 1240). IZA Discussion Paper.
  • Plümper, T. & Graff, M. (2001). Export specialization and economic growth. Review of International Political Economy, 8(4), 661-688.
  • Revankar, N. S. (1971). A class of variable elasticity of substitution production functions. Econometrica: Journal of the Econometric Society, 61-71.
  • Ribeiro, A. P., Carvalho, V. & Santos, P. (2016). Export-led growth in the EU: Where and what to export? The International Trade Journal, 30(4), 319-344.
  • Romer, P. M. (1986). Increasing returns and long-run growth. Journal of Political Economy, 94(5), 1002-1037.
  • Santos, P. G., Ribeiro, A. P. & Carvalho, V. M. (2013). Export-led growth in Europe: Where and what to export? FEP Working papers No, 479.
  • Satrovic, E. (2018). Economic output and high-technology export: Panel causality analysis. Uluslararası Ekonomik Araştırmalar Dergisi, 4(3), 55-63.
  • Shacham, M. & Brauner, N. (1997). Minimizing the effects of collinearity in polynomial regression. Industrial & Engineering Chemistry Research, 36(10), 4405-4412.
  • Shimbov, B., Alguacil, M. & Suárez, C. (2019). Export structure upgrading and economic growth in the western Balkan countries. Emerging Markets Finance and Trade, 55(10), 2185-2210.
  • Solow, R. M. (1957). Technical change and the aggregate production function. The Review of Economics and Statistics, 39(3), 312-320.
  • Stone, R. (1954). Linear expenditure systems and demand analysis: an application to the pattern of British demand. The Economic Journal, 64(255), 511-527.
  • Şanlı, D. (2019). The long-run relationship between energy consumption and export sophistication in OECD countries. Ankara Hacı Bayram Veli Üniversitesi İktisadi ve İdari Bilimler Fakültesi Dergisi, 21(2), 342-361.
  • Topallı, N. (2015). Doğrudan yabancı yatırımlar, ekonomik büyüme ve yüksek teknoloji ihracatı arasında bir nedensellik ilişkisi. International Journal of Social Sciences and Education Research, 1(1), 277-285.
  • Walras, L. (1954). Elements of pure economics or the theory of social wealth (Çev. W. Jaffé). Homewood, IL: Richard D. Irwin (Eserin orjinali 1874 yılında yayınlandı).
  • Wooldridge, J. M. (2003). Introductory econometrics-A modern approach. Thomson Mason: Ohio.
  • Yaman, H. ve Sungur, O. (2020). İleri teknoloji ihracatı ve büyüme ilişkisi: OECD ülkelerine yönelik ekonometrik bir analiz. Bolu Abant İzzet Baysal Üniversitesi Sosyal Bilimler Enstitüsü Dergisi, 20(1), 63-80.
  • Yoo, S. H. (2003). Does information technology contribute to economic growth in developing countries? A cross-country analysis. Applied Economics Letters, 10(11), 679-682.
  • Yoo, S. H. (2008). High-technology exports and economic output: An empirical investigation. Applied Economics Letters, 15(7), 523-525.
APA Şanlı D, Konukman A (2021). Yüksek Teknoloji Ürün İhracatının Gelir Üzerine Etkisi: Translog Üretim Fonksiyonuna Dair Bulgular* . , 457 - 498. 10.26650/ISTJECON2021-974011
Chicago Şanlı Devran,Konukman Aziz Yüksek Teknoloji Ürün İhracatının Gelir Üzerine Etkisi: Translog Üretim Fonksiyonuna Dair Bulgular* . (2021): 457 - 498. 10.26650/ISTJECON2021-974011
MLA Şanlı Devran,Konukman Aziz Yüksek Teknoloji Ürün İhracatının Gelir Üzerine Etkisi: Translog Üretim Fonksiyonuna Dair Bulgular* . , 2021, ss.457 - 498. 10.26650/ISTJECON2021-974011
AMA Şanlı D,Konukman A Yüksek Teknoloji Ürün İhracatının Gelir Üzerine Etkisi: Translog Üretim Fonksiyonuna Dair Bulgular* . . 2021; 457 - 498. 10.26650/ISTJECON2021-974011
Vancouver Şanlı D,Konukman A Yüksek Teknoloji Ürün İhracatının Gelir Üzerine Etkisi: Translog Üretim Fonksiyonuna Dair Bulgular* . . 2021; 457 - 498. 10.26650/ISTJECON2021-974011
IEEE Şanlı D,Konukman A "Yüksek Teknoloji Ürün İhracatının Gelir Üzerine Etkisi: Translog Üretim Fonksiyonuna Dair Bulgular* ." , ss.457 - 498, 2021. 10.26650/ISTJECON2021-974011
ISNAD Şanlı, Devran - Konukman, Aziz. "Yüksek Teknoloji Ürün İhracatının Gelir Üzerine Etkisi: Translog Üretim Fonksiyonuna Dair Bulgular* ". (2021), 457-498. https://doi.org/10.26650/ISTJECON2021-974011
APA Şanlı D, Konukman A (2021). Yüksek Teknoloji Ürün İhracatının Gelir Üzerine Etkisi: Translog Üretim Fonksiyonuna Dair Bulgular* . İstanbul İktisat Dergisi, 71(2), 457 - 498. 10.26650/ISTJECON2021-974011
Chicago Şanlı Devran,Konukman Aziz Yüksek Teknoloji Ürün İhracatının Gelir Üzerine Etkisi: Translog Üretim Fonksiyonuna Dair Bulgular* . İstanbul İktisat Dergisi 71, no.2 (2021): 457 - 498. 10.26650/ISTJECON2021-974011
MLA Şanlı Devran,Konukman Aziz Yüksek Teknoloji Ürün İhracatının Gelir Üzerine Etkisi: Translog Üretim Fonksiyonuna Dair Bulgular* . İstanbul İktisat Dergisi, vol.71, no.2, 2021, ss.457 - 498. 10.26650/ISTJECON2021-974011
AMA Şanlı D,Konukman A Yüksek Teknoloji Ürün İhracatının Gelir Üzerine Etkisi: Translog Üretim Fonksiyonuna Dair Bulgular* . İstanbul İktisat Dergisi. 2021; 71(2): 457 - 498. 10.26650/ISTJECON2021-974011
Vancouver Şanlı D,Konukman A Yüksek Teknoloji Ürün İhracatının Gelir Üzerine Etkisi: Translog Üretim Fonksiyonuna Dair Bulgular* . İstanbul İktisat Dergisi. 2021; 71(2): 457 - 498. 10.26650/ISTJECON2021-974011
IEEE Şanlı D,Konukman A "Yüksek Teknoloji Ürün İhracatının Gelir Üzerine Etkisi: Translog Üretim Fonksiyonuna Dair Bulgular* ." İstanbul İktisat Dergisi, 71, ss.457 - 498, 2021. 10.26650/ISTJECON2021-974011
ISNAD Şanlı, Devran - Konukman, Aziz. "Yüksek Teknoloji Ürün İhracatının Gelir Üzerine Etkisi: Translog Üretim Fonksiyonuna Dair Bulgular* ". İstanbul İktisat Dergisi 71/2 (2021), 457-498. https://doi.org/10.26650/ISTJECON2021-974011