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High-technology exports and economic growth: panel data analysis for selected OECD countriesHigh-technology exports and economic growth: panel data analysis for selected OECD countries

100%

Kabaklarli E., Duran M. S., Üçler Y. T.

Forum Scientiae Oeconomia

2018

issue Volume 6 (2018) Issue No. 2: Economic Growth, Innovations and Lobbying

47-60

This paper uses a panel cointegration model to analyse the long-term relationship between high-technology exports and economic growth in selected OECD countries in the period from 1989 to 2015. We used high-technology exports (current US$) as the dependent variable and the GDP growth rate, FDI (foreign direct investment), application of patents by residents, and gross capital formation % of GDP as explanatory variables. The export structure of countries is moving increasingly towards technology-intensive products such as ICT (information and communications technology), aerospace, computing and office equipment, electronics, chemical products, pharmaceuticals, and electrical machinery. The export structure has played an important role in the economic growth theories of many countries since the 1960s, as export growth has been associated with faster productivity and GDP growth. We aimed to find out the relationship between high-technology exports and the explanatory variables which we listed for 14 selected OECD countries (Canada, Denmark, Finland, France, Germany, Israel, Korea, the Netherlands, Norway, Switzerland, Sweden, Turkey, the UK, and the USA). According to our empirical results, there is a long-term relationship between high-technology exports and economic growth in selected OECD countries. The empirical results show that an improvement in patent applications and foreign direct investment play a decisive role in upgrading selected OECD countries’ high-tech exports, while growth rate and investment play a negative role in enhancing these countries’ high-tech exports.

LONG-TERM DEPENDENCE OF HOUSING PRICES AND CONSTRUCTION COSTS IN EASTERN POLAND

88%

Zbyrowski R.

Metody Ilościowe w Badaniach Ekonomicznych

2018

vol. 19

issue 1

92-103

The main purpose of the study is to verify the hypothesis on the occurrence of a long-term relationship between the average prices of 1m2 UFA (i.e. Usable Floor Area) and the construction costs of residential real estate per 1m2 for selected 5 cities of Eastern Poland (Białystok, Kielce, Lublin, Olsztyn & Rzeszów). The panel model for cointegrated variables and panel cointegration tests are the tools of the analysis. On the basis of the econometric model constructed, the long-term elasticity coefficient, which shows how average prices of flats change (i.e. the price of 1m2 UFA) in selected cities of Eastern Poland as a result of changes in their production costs, was estimated.

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1 Forum Scientiae Oeconomia

1 Metody Ilościowe w Badaniach Ekonomicznych

1 Duran M. S.

1 Kabaklarli E.

1 Zbyrowski R.

1 Üçler Y. T.

2 2018

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High-technology exports and economic growth: panel data analysis for selected OECD countriesHigh-technology exports and economic growth: panel data analysis for selected OECD countries

LONG-TERM DEPENDENCE OF HOUSING PRICES AND CONSTRUCTION COSTS IN EASTERN POLAND