The Influencing Factors of High-Technology Industries in the Global Market
Abstract
The high-tech industry and high-tech exports are vital drivers of economic growth, technological advancement, and global competitiveness. They create jobs, foster innovation, drive productivity, and contribute to sustainable development, making them highly relevant in today's interconnected and technology-driven world. The purpose of this study is to examine how medium and high-tech manufacturing value added, mobile phone subscriptions, and secure Internet servers collectively impact high-tech exports. In this study, Ordinary Least Squares (OLS) and Structural Equation Modeling (SEM) were used for analyzing the 47 countries data in 2020 that were obtained from the World Bank, and statistical software was Stata. Based on the results identified, high-tech exports are influenced by factors such as medium- and high-tech manufacturing value added and mobile phone subscriptions. At the end of the study, the researchers develop strategies that can improve high-tech export value via secure Internet servers.