Who Exports High-Quality Manufacturing Products? Some Empirical Regularities From Greek Exporting Firms

Kalyvitis, Sarantis

doi:10.1007/978-3-319-63706-8_14

Cited by 2 publications

(1 citation statement)

References 29 publications

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“…Data are obtained from the World Bank's open database. Population has been a commonly used variable in literature (Zhu & Fu, 2013;Kalyvitis, 2015).…”

Section: High-tech Manufacturing Exports As a Share Of Total Employmentmentioning

confidence: 99%

Determinants of High-tech Exports: New Evidence from OECD Countries

2023

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High export capacity is a key element for sustained long-term economic growth. To achieve this goal, the technological sophistication of exports plays a key role. To enhance exports with a high level of technological sophistication, it is critical to target key drivers of high-tech exports. Hence, this article studies the determinants of international trade flows of manufactures according to their technological content in the case of OECD countries. Given a panel of 35 countries and 15 years (2004 to 2018), panel data estimation techniques are used in the analysis. In addition, two alternative measures have been considered to measure the importance of high-technology content manufacturing exports: High-tech manufacturing exports and high-tech manufacturing exports as a share of total employment. Results obtained show strong evidence of the relevance of variables such as gross fixed capital formation on total employment, the land area per capita, the percentage of university graduates relative to the population group, R&D expenditure in terms of GDP, the stock of inward foreign direct investment in terms of GDP, imports of high-tech manufactures as a share of GDP, the quality of national governance and regulation, the country population and EU membership as determinants of technology-intensive exports. Moreover, the findings have significant implications for trade and industrial policies in OECD countries, to ensure the effectiveness of policies targeting the technological upgrading of exports.

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“…Data are obtained from the World Bank's open database. Population has been a commonly used variable in literature (Zhu & Fu, 2013;Kalyvitis, 2015).…”

Section: High-tech Manufacturing Exports As a Share Of Total Employmentmentioning

confidence: 99%

Determinants of High-tech Exports: New Evidence from OECD Countries

2023

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Non-Performing Loans in the Euro Area: Are Core-Periphery Banking Markets Fragmented?

2016

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The objective of this study is to examine the causes of non-performing loans (NPLs) in the banking system of the euro area for the period 2003-2013 and distinguish between core and periphery country determinants. The increase in NPLs post crisis has put into question the robustness of many European banks and the stability of the whole sector. It still remains a serious challenge, especially in peripheral countries which are hardest hit by the financial crisis. By employing both Fully Modified OLS and Panel Cointegrated VAR we estimate that NPLs are affected by the same macroeconomic and bank-specific conditions but the responses are stronger in the periphery. Following the FMOLS estimations NPLs in the euro area have performed an upward (much higher in the periphery) shift after 2008 and are mostly related to worsening macroeconomic conditions especially with respect to unemployment, growth and taxes. Fiscal consolidation and interest rate margins are significant for the periphery while credit to GDP is significant only for the core. Quality of management and loans to deposits play an important role, while size is negatively significant only in the periphery. Most of these findings were confirmed by the panel Cointegrated VAR results. A chi-square test comparing the estimated coefficients for the core and periphery NPLs rejects the hypothesis of equality revealing another aspect of banking fragmentation in the euro area. Such findings can be helpful when designing macro-prudential as well as NPL resolution policies, which should be adjusted appropriately to the different responses between core and periphery banks.

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Who Exports High-Quality Manufacturing Products? Some Empirical Regularities From Greek Exporting Firms

Cited by 2 publications

References 29 publications

Determinants of High-tech Exports: New Evidence from OECD Countries

Determinants of High-tech Exports: New Evidence from OECD Countries

Non-Performing Loans in the Euro Area: Are Core-Periphery Banking Markets Fragmented?

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