High Technology Trade and the Roles of Absorptive Capabilities in Malaysia

IF 1.3 Q1 AREA STUDIES

Millennial Asia Pub Date : 2022-01-24 DOI:10.1177/09763996211065565

Leonard Fong, Litt Lam, S. Law, W. Azman-Saini, Normaz Wana

引用次数: 2

Abstract

This article analyses the importance of high-technology trade as a channel of economic growth to ease Malaysia out of the middle-income trap. This study also wonders upon the missing absorptive capabilities that validate the likelihoods of dismal gross domestic product (GDP) growth since the 1990s. Using the autoregressive distributed lag (ARDL) approach and fully modified ordinary least squares (FMOLS) estimator as robustness checks, this study identifies the determinants of high-technology trade and the appropriate absorptive capability in enhancing economic growth. The empirical results from quarterly data from 1990 to 2015 proved that foreign direct investment, financial development and infrastructure are vital to develop a successful high-technology trade. Another important finding is that it validates the presence of trade openness (as absorptive capability) in order to magnify the benefits of research and development (R&D). This explains why, despite spending on R&D, these spending do not project to economic growth.

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高技术贸易和马来西亚吸收能力的作用

本文分析了高科技贸易作为经济增长渠道对马来西亚摆脱中等收入陷阱的重要性。这项研究还对缺失的吸收能力提出质疑，这种吸收能力证实了自20世纪90年代以来国内生产总值(GDP)增长低迷的可能性。采用自回归分布滞后(ARDL)方法和完全修正的普通最小二乘(FMOLS)估计量作为鲁棒性检验，本研究确定了高技术贸易的决定因素和促进经济增长的适当吸收能力。1990 - 2015年季度数据的实证结果证明，外商直接投资、金融发展和基础设施对发展成功的高技术贸易至关重要。另一个重要的发现是，它验证了贸易开放(作为吸收能力)的存在，以放大研究与开发(R&D)的利益。这就解释了为什么尽管在研发上有支出，但这些支出并没有转化为经济增长。

本文章由计算机程序翻译，如有差异，请以英文原文为准。

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来源期刊

Millennial Asia AREA STUDIES-

CiteScore

4.50

自引率

12.50%

发文量

期刊介绍： Millennial Asia: An International Journal of Asian Studies is a multidisciplinary, refereed biannual journal of the Association of Asia Scholars (AAS)–an association of the alumni of the Asian Scholarship Foundation (ASF). It aims to encourage multifaceted, multidisciplinary and interdisciplinary research on Asia, in order to understand its fast changing context as a growth pole of global economy. By providing a forum for Asian scholars situated globally, it promotes dialogue between the global academic community, civil society and policy makers on Asian issues. The journal examines Asia on a regional and comparative basis, emphasizing patterns and tendencies that go beyond national borders and are globally relevant. Modern and contemporary Asia has witnessed dynamic transformations in cultures, societies, economies and political institutions, among others. It confronts issues of collective identity formation, ecological crisis, rapid economic change and resurgence of religion and communal identifies while embracing globalization. An analysis of past experiences can help produce a deeper understanding of contemporary change. In particular, the journal is interested in locating contemporary changes within a historical perspective, through the use of interdisciplinary and multidisciplinary approaches. This way, it hopes to promote comparative studies involving Asia’s various regions. The journal brings out both thematic and general issues and the thrust areas are: Asian integration, Asian economies, sociology, culture, politics, governance, security, development issues, arts and literature and any other such issue as the editorial board may deem fit. The core fields include development encompassing agriculture, industry, regional trade, social sectors like health and education and development policy across the region and in specific countries in a comparative perspective.