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A new approach to the analysis of the high-tech exports dynamics (on the example of the Czech Republic)

Title: 


A new approach to the analysis of the high-tech exports dynamics (on the example of the Czech Republic)


Authors: 


Belov, Aleksandr


Affiliation: 


Poltava State Agrarian University St. Skovorody 1/3, Poltava, Ukraine 36003


Bibliographic description (International): 


Belov, A. (2023) A new approach to the analysis of the high-tech exports dynamics (on the example of the Czech Republic). Socio-Economic Problems and the State (electronic journal), Vol. 28, no. 1, pp. 53-65. URL: http://sepd.tntu.edu.ua/images/stories/pdf/2023/23bovprc.pdf


Journal/Collection:

 

Scientific Journal "Socio-Economic Problems and the State"


Issue: 


1(28)


Issue Date: 


Jun-2023


Submitted date: 


Apr-2023


Date of entry: 


2-Aug-2023


Publisher: 


Ternopil Ivan Puluj National Technical University


Country (code):

 

UA


Place of the edition/event: 


Termopil


ORCID Id: 


https://orcid.org/0000-0002-7910-8174


DOI:


UDC: 


https://doi.org/10.33108/sepd2023.01.053


339.5:519.25:330.4


JEL: 


C51
E32
O33


Keywords: 


competitiveness
scientific and technical development
economic cycle
high-tech export


Number of pages: 


13


Page range: 


53-65


Start page: 


53


End page: 


65


Abstract: 


The article is a part of general research of the numerical assessment of the country's scientific and technical development impact on its economic growth. It is included in its first part, in which the analysis of the production and the export of high-tech products dynamics in different world countries is considered. Such a research will make it possible for Ukraine to use certain positive experiences and take into account negative trends in the process of restoring its own economy in the post-war period. The purpose of the research is to apply the author's own approach to the analysis of the high-tech products export dynamics in the Czech Republic. As a tool of state regulation in the field of innovation, scientific and technical development, the author's methodology for analyzing the structure of the high-tech products export dynamics is proposed. The methodology reveals the economic meaning and makes it possible to distinguish the following components in the structure of the high-tech products export dynamics: uniform growth, accelerated growth and cyclical growth. It also allows to consider how the share of the cyclical component impact changes, if high-tech exports are considered as a share of all industrial exports and as a share of GDP, and also compared with the structure of the country's GDP dynamics as a whole. The research results testified that the Chech Republic’s high-tech export dynamics has a cyclical nature of development. Economic cycles with periods of 3.3 and 7.9 years are determined and the level of impact of the cyclical component on the general trend is calculated. It is revealed that the determined overall weighted impact of the cyclical component on the high-tech exports dynamics is quite significant and ranges from -20.17% to +16.04%. The obtained research results will ensure the implementation of an effective state policy for the Ukraine’s economy recovery in the post-war period.


Sponsorship: 


The authors received no direct funding for this research.


URI: 


http://elartu.tntu.edu.ua/handle/lib/42449


ISSN: 


2223-3822


Copyright owner: 


Scientific Journal "Socio-Economic Problems and the State"


URL for reference material: 


http://sepd.tntu.edu.ua/images/stories/pdf/2023/23bovprc.pdf
https://www.worldbank.org/en/news/press-release/2023/03/23/updated-ukraine-recovery-and-reconstruction-needs-assessment
https://doi.org/10.1016/j.seps.2021.101037
https://databank.worldbank.org/reports.aspx?source=2&series=TX.VAL.TECH.CD&country=
https://www.statbureau.org/en/united-states/inflation-tables


References (International): 


1. Updated Ukraine Recovery and Reconstruction Needs Assessment. (2023). World Bank. https://www.worldbank.org/en/news/press-release/2023/03/23/updated-ukraine-recovery-and-reconstruction-needs-assessment
2. Dobrov G. M. et al. (1987). Scientific and technical potential: Structure, dynamics, efficiency. Naukova dumka.
3. Geets, V. M., Danylenko, A. I., Libanova, E. M., Hrytsenko, A. A., & Makarova, O. V. (2015). Innovative Ukraine 2020: National Report (NAS of Ukraine, p. 336).
4. Salikhova, O. B. (2012). High-tech production: From assessment methodology to promotion in Ukraine: Monograph. Institute of Economics and Forecasting of the National Academy of Sciences of Ukraine (Kyiv).
5. Bazhal, I. (2015). Development of innovation activities within knowledge triangle “government-university-industry.” Economics and Forecasting, 1, 76–88. https://doi.org/10.15407/eip2015.01.076 
6. Hatzichronoglou, T. (1997). Revision of the High-Technology Sector and Product Classification. OECD. https://doi.org/10.1787/134337307632 
7. Ross, A. (2017). The Industries of the Future (Reprint edition). Simon & Schuster.
8. Zhu, F., Shi, Q., Balezentis, T., & Zhang, C. (2023). The impact of e-commerce and R&D on firm-level production in China: Evidence from manufacturing sector. Structural Change and Economic Dynamics, 65, 101–110. https://doi.org/10.1016/j.strueco.2023.02.008
9. Yang, B., & Zhu, S. (2021). Public funds in high-tech industries: A blessing or a curse. Socio-Economic Planning Sciences https://doi.org/10.1016/j.seps.2021.101037
10. Özsoy, S., Ergüzel, O. Ş., Ersoy, A. Y., & Saygılı, M. (2022). The impact of digitalization on export of high technology products: A panel data approach*. The Journal of International Trade & Economic Development, 31(2), 277–298. https://doi.org/10.1080/09638199.2021.1965645
11. Ersin, Ö., Ustabaş, A., & Acar, T. (2022). The nonlinear effects of high technology exports, R&D and patents on economic growth: A panel threshold approach to 35 OECD countries. Romanian Journal of Economic Forecasting, 25, 26–44.
12. Oliynyk, O. V. (2005). Cyclicity of the reproductive process in agriculture (Kharkiv National Agrarian University named after V. V. Dokuchaev.-Kh.: KhNAU named after V. V. Dokuchaev).
13. Belov А. V., & Svistun L. А. (2015). Simulation of trends of real estate market cyclic development. Institutional Framework for the Functioning of the Economy in the Context of Transformation: Collection of Scientific Articles. Publishing House «BREEZE», Montreal, Canada, 268–271.
14. World Development Indicators | DataBank. (n.d.). Retrieved December 22, 2021, from https://databank.worldbank.org/reports.aspx?source=2&series=TX.VAL.TECH.CD&country=
15. The United States of America Annual and Monthly Inflation Tables. (n.d.). Retrieved December 23, 2021, from https://www.statbureau.org/en/united-states/inflation-tables


Content type: 


Article


Appears in Collections:


Scientific Journal "Socio-Economic Problems and the State", Vol.28, No.1

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