Evaluation of Competitiveness Power of OECD Countries in High-Technology Products

The main purpose of this study to present the competitiveness power of OECD Countries’ in high-technology products. Within this concept, the data classified according to Foders’s (1995) high, medium and standard-technology distinction and analysed for 2004-2013 period with Revealed Comparative Advantage Index, which is developed by Balassa (1965). Also, competitiveness determinants of OECD countries in high-technology products tested with dynamic panel data estimators which are Generalized Method of Moments (GMM) first difference and GMM system. According to test results, the most important competitiveness determinant of OECD countries ensues as productivity variable (only for GMM first difference). Nevertheless, there have been no relationship determined with competitiveness power, foreign direct investment and technological change level (the number of patent applications).