What Is the Level of Savings Needed for High-Technology Export Led Growth?

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dc.authorscopusid57226389099
dc.contributor.authorYilmaz, Ebru Gül
dc.date.accessioned2024-09-11T19:57:45Z
dc.date.available2024-09-11T19:57:45Z
dc.date.issued2024
dc.departmentİstanbul Gelişim Üniversitesien_US
dc.description.abstractHigh-tech export-led growth is an important determinant in terms of having a milestone feature for the level of development of countries. Although the restrictions arise from recent literature, it is obvious that countries, like Korea with 35.7% the high-technology product export ratio and China with 31.3%, that have set a strategy on the high-technology export-led growth could have managed to achieve what they aimed to have. It is obvious that to make any investment in high-technology products, a certain level of savings should be achieved. The purpose of this paper is to determine the savings level that is necessary for achieving a high-technology export level for economic growth. The motivation arises from the willingness to shed light on policymakers on their way to achieve the high-technology export-led growth. Sixteen countries with high-technology product export levels higher than the World’s average are chosen in order to test the HXT export-led growth strategy at the initial stage. The period of 2007–2020 has been chosen due to the availability of the data. After achieving the result that there is a bidirectional casualty relationship between HTX and economic growth, by using the threshold regression model it is concluded that after achieving the savings level of 38.73%, countries can create an increase in their HTX level. And this is a very important output for policymakers for setting their strategies for the high-technology export-led growth. Hence the main aim of the policymakers is to increase welfare level of citizens, they should aim to reach 38.73% in order to achieve the high-technology export-led growth. After reaching this savings level they will have a chance to make investments for producing high-technology products by routing their savings to research and development and getting patents. In this way, they will have a chance to increase the welfare levels with the HTX-led growth strategy. © 2024 Ebru Gül Yilmaz. Published by Vilnius University Press.en_US
dc.identifier.doi10.15388/Ekon.2024.103.1.8
dc.identifier.endpage144en_US
dc.identifier.issn1392-1258en_US
dc.identifier.issue1en_US
dc.identifier.scopus2-s2.0-85190347994en_US
dc.identifier.scopusqualityQ4en_US
dc.identifier.startpage127en_US
dc.identifier.urihttps://doi.org/10.15388/Ekon.2024.103.1.8
dc.identifier.urihttps://hdl.handle.net/11363/8348
dc.identifier.volume103en_US
dc.indekslendigikaynakScopusen_US
dc.language.isoenen_US
dc.publisherVilnius University Pressen_US
dc.relation.ispartofEkonomikaen_US
dc.relation.publicationcategoryMakale - Uluslararası Hakemli Dergi - Kurum Öğretim Elemanıen_US
dc.rightsinfo:eu-repo/semantics/openAccessen_US
dc.snmz20240903_Gen_US
dc.subjectDimutrescue and Hurlin Casualty; Economic Development; High-technology export-led growth; saving level; Threshold Regressionen_US
dc.titleWhat Is the Level of Savings Needed for High-Technology Export Led Growth?en_US
dc.typeArticleen_US

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