Impact of Import and Export of High Technology Industries on Economic Growth of Iran

Nowadays, the importance of using modern high technology to industrialize developing countries that intend to inter in world economy is more and more evident. High-tech imported commodities as a proxy variable for spillover effect and technology transfer would the knowledge level in these countries. This process might increase the share of high tech industries in GDP and improve their exportation. In this study, using Romer’s endogenous growth model, the impact of import and export of low technology industries have been studied on economic growth of Iran for the period of 2003-2013. In this regard, seasonal data were used in an autoregressive distributed lag (ARDL) model to examine the relationship between variables. Results indicated a positive and significant impact of import and export of low technology industries on Iran’s economic growth. Also other variables i.e. capital stock, employment and research and development expenditures have had a positive and significant effects on Iranian economic growth.