Oil discoveries and innovation

Mhuru, Mercy; Daglish, Toby; Geng, Heng

doi:10.1016/j.eneco.2022.105997

Cited by 9 publications

(4 citation statements)

References 30 publications

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“…Notably, the magnitude of the coefficient for ores and metal export (-0.0779) is lower than that for fuel export (-0.0222). This finding points to the counterproductive nature of resource endowment on high-tech export development, which is in line with the studies conducted by Mhuru et al (2022) r-economy.com R-ECONOMY, 2024, 10(1), 41-54 doi 10.15826/recon.2024.10.1.003 and Wang et al (2021). These studies emphasize that countries often struggle with managing the resource curse and fail to optimize the use of natural resources, leading to a detriment in high-tech export performance.…”

Section: Resultssupporting

confidence: 90%

“…Countries rich in natural resources heavily rely on resource exports and rents, impeding the development of high-tech product exports (Alsharif, 2018). Oil discoveries, as evidenced by Mhuru et al (2022), reduce innovation activities in resource-rich nations, contributing to a negar-economy.com R-ECONOMY, , 10(1), 41-54 doi 10.15826/recon.2024 tive impact on economic and innovation development (Wang et al, 2021). While some studies propose that resource-rich countries can alleviate the resource curse through technological development (Entele, 2021) and optimizing natural resource use, Zhu & Fu (2013) find an ambiguous effect where land area negatively impacts hightech exports, but oil reserves have a positive effect.…”

Section: Natural Resources and High-tech Exportmentioning

confidence: 99%

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Determinants of high-tech export: evidence from a cross-country analysis

Drapkin,

Vasilyeva,

Kandalintseva

2024

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Relevance. The adoption of new technologies and the rapid emergence of innovation spur high-tech production and export-led economic growth. We aim to provide fresh evidence on the determinants of high-tech exports, considering different macroeconomic factors within the framework of the gravity model. Research Objective. The aim of the research is to empirically assess the impact of macroeconomic instability, tax policies, natural resources endowment, human capital, and institutional environment on the promotion of high-tech exports. Data and Methods. In considering the institutional indicator, six distinct indices from the World Bank are examined, and a common indicator is computed using principal component analysis. The econometric modeling uses a panel dataset covering the world's 80 largest economies from 1996 to 2019. To test the assumptions of the gravity model and tackle the heteroscedasticity problem, the Poisson Pseudo Maximum Likelihood methodology is employed. Results. Higher inflation and unemployment rates are found to significantly decrease high-tech exports, while government external debt contributes to their enhancement. Tight tax policy and an increase in tax contribution are counterproductive in spurring high-tech exports. A negative and significant result is found for resource endowment, indicating that an increase in resource exports is counterproductive for technological advances and high-tech production. In most cases, the institutional environment and human capital significantly promote high-tech exports. Conclusions. Based on the presented empirical findings, we offer recommendations for the government to stimulate high-tech exports.

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Section: Resultssupporting

confidence: 90%

Section: Natural Resources and High-tech Exportmentioning

confidence: 99%

Determinants of high-tech export: evidence from a cross-country analysis

Drapkin,

Vasilyeva,

Kandalintseva

2024

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“…This result is also confirmed by Mhuru et al. (2022), who found that governance quality is a possible channel through which a decline in innovative activity occurs after a resource windfall. On the other hand, recent findings by Avom et al.…”

Section: Resultssupporting

confidence: 83%

“…For instance, Kamguia, Keneck-Massil, et al (2022) show that resource-rich countries invest relatively less in R&D than their less resource-dependent counterparts. This result is also confirmed by Mhuru et al (2022), who found that governance quality is a possible channel through which a decline in innovative activity occurs after a resource windfall. On the other hand, recent findings by Avom et al (2022) highlight the role of the so-called resource curse in the literature on economic complexity.…”

Section: Does Natural Resources Endowment Matter?supporting

confidence: 73%

Sophistication gap between countries: The effect of research and development expenditure

Kamguia,

Keneck‐Massil,

Njangang

et al. 2023

Econ of Transit and Inst Chang

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A recent strand of the literature suggests that economic sophistication is a strong predictor of economic development. Given that this branch of literature is relatively young, the determinants of economic sophistication have not yet been fully explored. This study contributes to this literature by examining the effect of research and development (R&D) investments on economic complexity. By applying a dynamic panel model to a panel of 67 countries, the following results are established: First, the results showed that research and development investments are associated with greater economic complexity. Second, when analyzing R&D by sector, the results highlight the importance of research spending by higher education, business, public sector and private non‐profit sector in improving economic complexity. In the same vein, investments in different R&D activities, including basic research, applied research and experimental research, increase economic complexity. In addition, we provided evidence that R&D spending in several fields, including medicine, engineering, natural sciences, social sciences and arts, also increases economic complexity. Third, we further analyze the heterogeneity of the results, highlighting the role of natural resource endowment and income level. However, investments in research and development remain associated with higher levels of economic complexity in resource‐poor countries in contrast to resource‐rich countries, where they have no effect. Based on these results, policy implications were discussed.

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