Abstract:

The world growth rate is mainly driven by the technologically leading economies. Technology and science are important factors in terms of increasing the growth, development and welfare level of countries. In the study, the technology phenomenon and whether the countries can be independent in terms of this phenomenon or not are also evaluated. Technological developments are important agents of change of a society both at the social and economic level. Technology is based on innovation. Various variables such as R&D expenses, R&D inputs, internet usage, number of personnel and number of patents are used to measure the innovation level. In this study, in the context of the technology phenomenon, for the 1996-2017 period, the countries which are industrialized and have high technology such as USA, Canada, Germany, Japan and France are selected. And as the important indicators of the trade performance; the relationship between imports, exports, real gross domestic product per capita and the number of patents accepted as an innovation indicator is determined. Panel data analysis method is used for this study. The model is tested by the panel data analysis and controlled whether the model provided the assumptions or not. The model is estimated by the Driscoll-Kraay resistive standard estimator. The random-effects model is included in the analysis and when the outputs are examined, it is concluded that all variables used in the model were significant in explaining the patent variable.

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