Aligning innovation and information with development: a comparative analysis of developed and developing nations

Rapid economic progress is possible because of the production and sale of premium-priced products. High-technology export is an emerging way to achieve economic growth as it enables a country to sell high-priced products and generate revenue and foreign reserves. This study aims to analyze certain factors that can increase high-tech exports. All countries of the world, that have more than one percent share of high-tech export to manufactured products, are taken from 2011 to 2021. Feasible generalized least square (FGLS-hetero) estimation is used for robust heteroscedasticity. Countries are classified into two groups; developing and developed nations. The main purpose of country classification and two model formation is to assess whether explanatory variables have the same impact on high-technology export in the case of developing and developed nations. Results show that innovation, information, institutions, and university-industry collaboration have a positive and significant impact on high-tech exports of developed and developing nations but their values of coefficients are different. To conduct a comparative analysis for high-technology export is the uniqueness of this study. The authors have not found any paper about high-tech exports where a comparison of developed and developing nations has been made.