THE DETERMINANTS OF HIGH-TECHNOLOGY EXPORTS: A PANEL DATA APPROACH FOR SELECTED OECD COUNTRIES

Sa？etak This paper uses a panel data approach to analyze the determinants of high-technology exports in selected OECD countries between the years 1989 to 2015. We used High-technology exports (current US$) as dependent variable and FDI (foreign direct investment), patent application of residents, GDP growth rate and Gross capital formation - % of GDP as explanatory variables. The export structure of countries is increasingly moving towards technology-intensive products such as ICT (information, communication technology), aerospace, computing and office equipment, electronic, chemical products, pharmaceutical electrical machinery. The Export structure had 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 the high-technology exports and explanatory variables which we listed for selected 14 OECD countries (Canada, Denmark Finland, France, Germany, Israel, Korea, Netherland, Norway Switzerland, Sweden, Turkey, UK, USA)