High-Tech Products Export Competitiveness, BRIC Countries in U.S Market: A Comparative Analysis

This paper compares the competitive advantages of high technology products export from BRIC countries to the United States using quantitative (ESI and RCA index) and qualitative analyzing of export value and distribution performance. We estimate a Varying Coefficient Model on panel data for BRIC countries from 2000 to 2010, using the Seemingly Unrelated Regression (SUR) estimator to correct cross-sectional heteroscedasticity and serial autocorrelation. We found that BRIC countries high tech products have comparative advantages. Research and Development investment and patents are significantly positively related to the high tech export of the United State market while FDI still does not directly promote the competitiveness. The BRIC countries should learn from each other’s successful ways concerning FDI management, patent application and research regulation to achieve better and more comprehensive improvement of high tech export competitiveness.