The Impact of Innovation in the Process of High Technology Exports: An Analysis on Brics Countries

Abstract

The purpose of this study is to investigate the effects of innovation on high-tech exports in BRICS countries. For this purpose, in this study, the relations between the R&D expenditures of the relevant countries and the number of patents they have and the export of high-technology are examined for the period of 1999-2018. In the study using panel data techniques, firstly, the existence of cross-section dependence in the series was investigated. Following the determination of the cross-section dependency, the stationarity of the series was investigated by Pesaran (2007) unit root test, which can also be applied in the presence of cross-section dependence. Afterwards, the series, which were found to be non-stationary at level, were made stationary by taking the difference of the series and the relations between the variables were analyzed by panel fixed effects and panel random effects methods. In the outputs of the study, a significant positive relationship was found between the number of patents and high-tech exports in the countries subject to the study. Accordingly, innovation is a highly important factor in the export of high-tech products for BRICS countries, and it is understood that innovation activities should be given importance to create high added value in these countries

Global Inequality: Will The Inequality Among the Brics Nations Hinder Manoeuvring the Global Economy

“…This includes access to necessary tools and resources and the knowledge and skills to utilize them effectively. Technological capacity can vary widely depending on factors such as financial resources, infrastructure, education, and government support (Durmaz and Yildiz, 2020). Having a strong technological capacity can help a country, organization, or individual to innovate, improve productivity, and stay competitive in a rapidly changing world.…”

“…However, differences in technological capabilities among BRICS nations can create disparities in their ability to compete globally. According to Ali et al (2023) and Durmaz and Yildiz, 2020), bridging the technological gap and fostering innovation is crucial for sustaining economic growth. Despite some inequalities and challenges, BRICS nations also collaborate on various fronts, such as economic cooperation, development initiatives, and efforts to reform international institutions.…”