Abstract
This study aims to reveal whether financial development and regulatory efficiency have a noteworthy role in developing countries ' relationship between foreign direct investment and export of high-tech products. Rich panel data from 70 developing countries for the period 2002-2015 are used in the analysis to examine the relevant relationship. The Generalized Moments Method (GMM) is utilized in the study, since it allows to control the endogeneity relationship between variables. Findings shows that financial development and regulatory quality level affect the contribution of FDI on exports of high-tech products in developing countries. According to results, in countries where regulatory quality and financial development level are higher, FDI may contributes positively to export of high technology products. However, it couldn't be found any significant relationship for countries which have less regulatory quality and financial development level.
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