Madden, Gary G and Savage, Scott J and Thong, Su Yin (1999): Technology, investment and trade: empirical evidence for five Asia-Pacific countries. Published in: Applied Economics Letters , Vol. 6, No. 6 (1999): pp. 361-363.
Download (64Kb) | Preview
Traditional models of international trade flows find that prices explain significant growth in export market shares. In the new international trade theory non-price factors are seen to be of great importance for the explanation of trade. Following Magnier and Toujas-Bernate (1994), this study introduces non-price factors, namely gross fixed investment and technology (number of patents accepted), into the export market share equation. Empirical estimation is carried out on five Asia-Pacific countries for the period 1978 to 1993. Results are similar to those of Magnier and Toujas-Bernate (1994) for the OECD, which show that non-price factors have played an important role in determining export market share during the last decade.
|Item Type:||MPRA Paper|
|Original Title:||Technology, investment and trade: empirical evidence for five Asia-Pacific countries|
|Subjects:||O - Economic Development, Technological Change, and Growth > O5 - Economywide Country Studies > O53 - Asia including Middle East|
|Depositing User:||Gary G Madden|
|Date Deposited:||19. Sep 2008 10:59|
|Last Modified:||14. Feb 2013 12:56|
Coe, D.T. and Helpman, E. (1995), “International R&D Spillovers”, European Economic Review, 39, 859-87.
Conlon, R.M. (1992), “Determinants of manufacturing industry exports: A comparative study of Australia, Republic of Korea, Singapore and Taiwan”, Australia Economic Papers, 31, 427-42.
Fagerberg, J., (1988), “International competitiveness”, The Economic Journal, 98, 355-74.
Fagerberg, J., Hansson, P., Lundberg, L. and Melchior, A. (ed.) (1997), Technology and International Trade, Edward Elgar Publishing Limited, UK.
Glaeser, E.L., Kallal, H.D., Scheinkman, J.A. and Shleifer, A. (1992), Growth in cities”, Journal of Political Economy, 100, 1126-52.
Greene, W.H. (1997), Econometric Analysis, Third Edition, Prentice Hall, Sydney.
IMF (1977), Direction of Trade Statistics Yearbook, Washington. IMF (1984), Direction of Trade Statistics Yearbook, Washington. IMF (1991), Direction of Trade Statistics Yearbook, Washington. IMF (1996), Direction of Trade Statistics Yearbook, Washington.
Kmenta, J. (1986), Elements of Econometrics, Second Edition, Macmillan Publishing Company, USA.
Krugman, P.R. (1983), “New theories of trade among industrial countries”, American Economic Review, Papers and Proceedings, 73, 343-47.
Krugman, P.R. (1989), “Differences in income elasticities and trends in real exchange rates”, European Economic Review, 33, 1031-54.
Krugman, P.R. (1990), Rethinking International Trade, MIT Press, Cambridge, MA.
Landesmann, M. and Pfaffermayr, M. (1997), “Technological competition and trade performance”, Applied Economics, 29, 179-96.
Magnier, A. and Toujas-Bernate, J. (1994), “Technology and trade: Empirical evidences for the major five industrialised countries”, Weltwirtschaftliches Archiv, 130, 494-520.
Papaconstantinou, G. (1997), “Technology and Industrial Performance”, The OECD Observer, 204, 6-10.
Spencer, B.J. and Brander, J.A. (1983), “International R&D rivalry and industrial strategy”, The Review of Economics and Studies, 50, 707-22.
UN (1980), Statistical Yearbook Thirty-first issue, New York. UN (1981), Statistical Yearbook Thirty-second issue, New York. UN (1982), Statistical Yearbook Thirty-third issue, New York. UN (1984), Statistical Yearbook Thirty-fourth issue, New York. UN (1987), Statistical Yearbook Thirty-sixth issue, New York. UN (1989), Statistical Yearbook Thirty-seventh issue, New York. UN (1991), Statistical Yearbook Thirty-eighth issue, New York. UN (1994), Statistical Yearbook Forty-first issue, New York.
Verspagen, B. and Wakelin, K. (1997), “Trade and technology from a Schumpeterian perspective”, International Review of Applied Economics, 11, 181-94.
World Bank (1997), World Development Indicators 1997, Washington D.C.