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Determinants of Technological Progress: Panel Cointegration and Panel Causality Analysis for NIC Countries

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  • İsmet Göçer

    (Adnan Menderes University)

Abstract

Technological development is one of the most important factors of countries' economic growth. In this study determinant of technological progress analyzed for Newly Industrialized Countries by using 1996-2012 period data via panel cointegration and panel causality method. As a result of the analysis it was determinant that the most important factors of technological development are R&D expenditure, high technology product export, GDP per capita, health expenditure, foreign direct investment, total factor productivity and increases in the gross capital formation.

Suggested Citation

  • İsmet Göçer, 2013. "Determinants of Technological Progress: Panel Cointegration and Panel Causality Analysis for NIC Countries," Journal of Finance Letters (Maliye ve Finans Yazıları), Maliye ve Finans Yazıları Yayıncılık Ltd. Şti., vol. 28(100), pages 115-142, October.
    • Handle: RePEc:acc:malfin:v:28:y:2013:i:100:p:115-142
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    More about this item

    Keywords

    Technological Progress; R&D; High Tech Product;
    All these keywords.

    JEL classification:

    • N70 - Economic History - - Economic History: Transport, International and Domestic Trade, Energy, and Other Services - - - General, International, or Comparative
    • O14 - Economic Development, Innovation, Technological Change, and Growth - - Economic Development - - - Industrialization; Manufacturing and Service Industries; Choice of Technology
    • O32 - Economic Development, Innovation, Technological Change, and Growth - - Innovation; Research and Development; Technological Change; Intellectual Property Rights - - - Management of Technological Innovation and R&D

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