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• W2899160936 abstract "This study examines the relationship between high technology exports, gross capital formation and economic growth in Uganda with the ultimate aim of establishing whether exportation of high-tech goods and gross capital formation have a significant effect on economic growth. Motivated by the continued policy shift in Sub-Saharan Africa and generally in the developing world, towards outward looking strategies, this study seeks to provide a validation test to this trend from a small open developing country perspective. The study utilizes data from the World Bank Development Indicators. This study estimates a basic Vector Autoregressive model to establish the likely effects of high-tech exports and gross capital formation on growth. The authors later provide in-depth analysis of our results using impulse response functions (IRF). Our Vector Auto Regression (VAR) results indicate that in the short run, high-tech exports do not have a significant effect on economic growth in Uganda and gross capital formation has a negative and significant effect. However, IRF reveals gross capital formation having a positive and significant effect on growth and the effect of high-tech exports improving significantly over a long horizon. Our findings do not contradict previous studies but support the belief that once economic fundamentals are put in place, high-tech exportation can spur growth more than mere export volumes." @default.
• W2899160936 created "2018-11-09" @default.
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• W2899160936 date "2018-11-01" @default.
• W2899160936 modified "2023-09-23" @default.
• W2899160936 title "High Technology Exports, Gross Capital Formation and Economic Growth in Uganda: A Vector Auto Regressive Approach" @default.
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• W2899160936 doi "https://doi.org/10.11648/j.ijber.20180706.13" @default.
• W2899160936 hasPublicationYear "2018" @default.
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