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Technology Trade in Economic Development.
- Source :
- World Economy; May2008, Vol. 31 Issue 5, p569-592, 24p, 10 Charts, 3 Graphs
- Publication Year :
- 2008
-
Abstract
- 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. [ABSTRACT FROM AUTHOR]
Details
- Language :
- English
- ISSN :
- 03785920
- Volume :
- 31
- Issue :
- 5
- Database :
- Complementary Index
- Journal :
- World Economy
- Publication Type :
- Academic Journal
- Accession number :
- 31506823
- Full Text :
- https://doi.org/10.1111/j.1467-9701.2007.01066.x