UTICAJ IZVOZA VISOKOTEHNOLOŠKIH PROIZVODA NA EKONOMSKI RAST REPUBLIKE SRBIJE

Abstract

Innovation capacity can be defined as the ability of a national economy to produce and commercialize the flow of innovations, i.e. it represents the potential of the national economy to produce goods and services based on the creation of new skills and knowledge. It also represents one of the key determinants of economic prosperity, growth and development of the national economy, influencing the creation of competitive advantage. Accordingly, the aim of this paper is to analyze the impact of exports of high-tech domestic products on economic growth measured by gross domestic product per capita of the Republic of Serbia. The World Bank international database was used as the main source of data, the time period covered by this research from 2008 to 2023. The analysis applied a simple linear regression model to determine the relationship between exports of high-tech products and gross domestic product per capita. The research results in this paper show that there is a positive impact of exports of high-tech products on gross domestic product per capita of the Republic of Serbia.