Technology Trade in Economic Development
Recent evidence on the respective contributions of institutions and trade to income levels across countries has demonstrated that – once endogeneity is considered – institutional quality clearly dominates the effect of trade. We argue that overall trade is not the most appropriate measure for techno...
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| Veröffentlicht in: | World economy 2008-04, Vol.31 (4), p.569-592 |
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| container_title | World economy |
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| creator | Busse, Matthias Groizard, José L. |
| description | Recent evidence on the respective contributions of institutions and trade to income levels across countries has demonstrated that – once endogeneity is considered – institutional quality clearly dominates the effect of trade. We argue that overall trade is not the most appropriate measure for technology diffusion as a source of productivity growth and propose to focus on imports of research and development (R&D)‐intensive goods instead. Overall, we confirm previous findings that institutions matter most and that overall trade is not positively associated with per‐capita income levels. Yet this does not hold for technology trade, as there is a positive and significant linkage between technology imports and income levels. This outcome is robust to various model specifications, including an instrumental variables approach. |
| doi_str_mv | 10.1111/j.1467-9701.2007.01066.x |
| format | Article |
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| fulltext | fulltext |
| identifier | ISSN: 0378-5920 |
| ispartof | World economy, 2008-04, Vol.31 (4), p.569-592 |
| issn | 0378-5920 1467-9701 |
| language | eng |
| recordid | cdi_proquest_miscellaneous_59879328 |
| source | Political Science Complete; Wiley Online Library Journals Frontfile Complete; PAIS Index; Worldwide Political Science Abstracts; EBSCOhost Business Source Complete |
| subjects | Accounting Development gap Economic Development Economic models Exports and Imports Geography Income Institutions International Trade Personal income Productivity R&D Research & development Research and Development Studies Technology Technology Transfer |
| title | Technology Trade in Economic Development |
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