1ST INTERNATIONAL AZERBAIJAN ACADEMIC RESEARCH CONGRESS, Baku, Azerbaycan, 28 - 29 Mayıs 2022, ss.353-354
Industrial revolutions have had significant effects on national economies. In the economies of the countries experiencing the first industrial revolution, there have been significant developments in terms of growth. For example, after the first industrial revolution, steam power began to be used instead of muscle power in production. In the second industrial revolution, the increase in railway investments significantly increased domestic and international trade. This had a positive impact on both production and economic growth. In the third industrial revolution, with the spread of the internet and the machines that produce one type of product, severe increases were experienced in production. With the use of intelligent machines within the scope of Industry 4.0, which is called the fourth industrial revolution, on the one hand, production costs are expected to decrease. On the other hand, an increase in
the production of products with high added value is expected In this study, Industry 4.0 on national economies is investigated. For this purpose, the effect of high value-added product exports in BRICS-T countries on economic growth is examined. Export of high value-added products used in the study and economic growth data were obtained from the World Bank database. The study determined that the data were correlated between units and had a heterogeneous structure. For this reason, estimators with inter-unit correlation and heterogeneity-sensitive estimators were used. According to the findings obtained from the study, it has been determined that exports with high added value have a positive effect on economic growth in China, India, South Africa and Turkey. However, no relationship was found between the variables in Brazil and Russia.