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DO FDI AND PATENTS DRIVE SOPHISTICATION OF EXPORTS? A PANEL DATA APPROACH.
- Source :
- Prague Economic Papers; 2021, Vol. 30 Issue 2, p216-244, 29p
- Publication Year :
- 2021
-
Abstract
- This paper investigates whether inflows of FDI and innovative activities act as a channel of knowledge spillovers in improving quality of countries' output. In measuring export quality, sophistication of a country's export basket is utilized. Utilizing panel data of countries for the period 2002-2015 and applying GMM methodology, the results indicate that the level of financial development, the quality of human capital and globalization of a country have a determinant role on the relation between knowledge spillover channels and the quality of exports. Patent applications generally positively affect sophistication of exports. FDI serves as a channel for knowledge spillovers to benefit the sophistication level of exports only for developed, more educated, financially developed and globalized countries. [ABSTRACT FROM AUTHOR]
- Subjects :
- PANEL analysis
PATENT applications
HUMAN capital
EXPORTS
DEVELOPING countries
PATENTS
Subjects
Details
- Language :
- English
- ISSN :
- 12100455
- Volume :
- 30
- Issue :
- 2
- Database :
- Supplemental Index
- Journal :
- Prague Economic Papers
- Publication Type :
- Academic Journal
- Accession number :
- 149955130
- Full Text :
- https://doi.org/10.18267/j.pep.755