DOES TECHNOLOGICAL SPECIALIZATION SPUR HIGH-TECHNOLOGY EXPORTS? EVIDENCE FROM PANEL QUANTILE REGRESSIONS

In view of the technological advances made by emerging economies, we revisit the role of technological specializations of different economies in determining their exports. Employing revealed technological advantage (RTA) index and revealed symmetric technological advantage (RSTA) index, this study explores the technological specialization of countries in different fields and its contribution to high-technology exports. Technological specializations are operationalized using patent data and further analyzed in context of country's exports data of 63 countries during 2000-2013. Using panel quantile regressions analysis, this paper finds that technological specialization determines the export performance of countries in different categories. We find that middle-income countries are among the top countries with respect to few fields of technological specializations. Hence, there is a need to change the perspective whereby developing countries are viewed as mere technological fol- lower. This finding has an implication for the role of patents in technological specialization and export performance, both of which are important factors in international competitiveness.