“IMPACT OF HIGH TECHNOLOGY EXPORTS, PATENT APPLICATIONS AND RESEARCH AND DEVELOPMENT EXPENDITURE ON ECONOMIC GROWTH: EVIDENCE FROM ASEAN COUNTRIES”

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Pashatai Charutawephonnukoon, Kittisak Jermsittiparsert, Krisada Chienwattanasook

Abstract

The increasing importance of economic growth and its crucial determinants such as high technology exports, R&D expenditures and patent applications have been found to have some impact on economic growth in one way or the other. This study has been conducted for the same purpose for which the data has been collected by the author for 26 years for Thailand. The authenticity of this data can be evident based on the databases of data gathering process. When different approaches such as unit root test, cointegration test, coefficient estimation test etc. were applied to analyze data in different contexts, the results for these tests were obtained. According to these results, the impact of high technology exports as well as R&D expenditures has been found as significant on economic growth. In addition, the impact of one control variable i.e. innovation has also been declared as significant. Moreover, in the concluding section of the study the author has also identified several benefits of this study in context of theory, practice and policy making. Apart from this, several limitations in different contexts along with recommendations to improve them have also been discussed which will be assisting the future researchers in their studies.  


 

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