Identification of Factors Affecting the Exports of High-Tech Products

Abstract

Innovation activities, which have been on a rapid increase, impact countries' degrees of development. Countries that are able to produce and export advanced technology are one step ahead of other countries in terms of international competition. For this reason, exports of high-tech products and related determining factors have become an issue that needs to be addressed. The aim of this study is to examine the determinants of high technology product exports between 2010-2020 for the BRICS-T developing country group using panel regression analysis. As a result of the analysis, GDP and R&D were specified as the most influential variables on exports of high-tech products. A GDP variable of 29.1%, R&D variable 28.9%, FDI variable 16.5%, EMP variable 13.5%, and finally, an ICT variable of 12.8% positively affect high technology product exports in terms of statistics. For developing countries, it is important to improve policies that increase income as well as achieve higher levels of R&D.