Yilmaz Bayar

Department of Economics, Usak University

Turkey

yilmaz.bayar@usak.edu.tr

Intellectual property rights, R&D expenditures, and high-tech exports in the EU transition economies

Rita Remeikienė

Faculty of Economics and Business, Mykolas Romeris University

Lithuania

rita.remeikiene@mruni.eu

Ligita Gasparėnienė

Faculty of Economics and Business, Mykolas Romeris University

Lithuania

ligitagaspareniene@mruni.eu

Abstract. Several countries have begun to follow export-led growth strategy along with the accelerating liberalization and globalization processes. One of the key goals behind this strategy is to enhance the share of high-tech exports with relatively much higher value added in exports. This study investigates the effect of intellectual property rights and R&D expenditures together with foreign direct investment inflows on high-tech exports of the EU transition economies over the 2000-2016 period through panel data analysis. The methods of this research include systematic and comparative literature analysis, and panel data analysis. The analyses reveal that intellectual property rights and R&D expenditures positively affect high-tech export, while FDI negatively affects high-tech export in the long run.

Received: June, 2019

1st Revision: February, 2020

Accepted: March, 2020

DOI: 10.14254/2071-8330.2020/13-1/9

JEL Classification: C23, F14, O30, O40

Keywords: Intellectual Property Rights, R&D Expenditures, FDI inflows, High-Tech Exports, Panel Data Analysis