Teknolojik Başarının Ekonomik Büyüme Üzerindeki Etkisi: Panel ARDL Yaklaşımından Kanıt

Abstract

In recent times, technological innovations among nations are the most powerful instrument for higher economic growth rates and development. A higher level of achievement in the diffusion/adoption of technology can create more effective economic growth. Given this motivation, the study aims to examine the impact of technological achievements on economic growth, gross capital formation, medium and high-tech exports, and employment in chosen 72 countries over the period of 1990 - 2020. The unit root tests of the cross-section augmented Im-Pesaran-Shin (CIPS) test of Pesaran and also covariate Augmented Dickey-Fuller (CADF) test of Hansen, the Pedroni cointegration test, and then Pesaran ARDL model has been applied in the analysis of data. The ARDL model results reveal a statistically significant causality and positive relationships between the technology achievement index and GDP growth, gross capital formation, medium and high-tech exports, and employment significance at 1 percent level in the long run according to Pooled Mean Group (PMG) estimator. Consequently, technological innovations are linked with economic growth and macroeconomic factors, that is to say, to get higher growth needs to grow up adaptation of technology and also to produce and trade technology-specific products.