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.
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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, Innovation, 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:||23. Feb 2015 12:48|
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