The impacts of non-macroeconomic indicators on the exports of goods and services the case of in OECD countries

Abstract

Research studies regarding micro- and macro-level variables have been faced regularly in the literature taking thefactors that affect the export performances of countries into consideration, Nonetheless, the objective of this study was toexplicate the impacts of non-macroeconomic variables such as trade freedom index, R&D expenditures, the number of patententitlements, and the number of newly established companies on exports of goods and services by utilizing the pertinentdata compiled from 36 OECD countries throughout the period 2006 - 2020 via the GMM (Generalized Moments Method)analysis method. The findings revealed that trade freedom, the number of newly established companies, and the number ofpatent entitlements had positive impacts on the share of exports of goods and services in the GDP, whereas R&D expenditureshad a negative impact on the share of exports in the GDP