International Business Visits and the Technology Frontier
AbstractThis paper studies the impact of international business trips on the stock of knowledge available to an economy. It develops a theoretical model to analyse the possible effects, and presents an empirical application using productivity data for a panel of twelve Australian industries during 1991/2-2005/6. Business trips emerge as a significant source of productivity growth. As the knowledge transferred through business visits is non-rival, both countries of origin and destination can gain from the human capital of travellers. As a result, even countries traditionally disadvantaged by geography, size, or level of economic development have the opportunity to access the latest technology and information to stimulate growth.
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Bibliographic InfoPaper provided by Institute for the Study of Labor (IZA) in its series IZA Discussion Papers with number 3417.
Length: 23 pages
Date of creation: Mar 2008
Date of revision:
Publication status: published in: Economics Letters, 2011, 110 (3), 209-212
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Other versions of this item:
- Dowrick, Steve & Tani, Massimiliano, 2011. "International business visits and the technology frontier," Economics Letters, Elsevier, Elsevier, vol. 110(3), pages 209-212, March.
- F2 - International Economics - - International Factor Movements and International Business
- J6 - Labor and Demographic Economics - - Mobility, Unemployment, Vacancies, and Immigrant Workers
This paper has been announced in the following NEP Reports:
- NEP-ALL-2008-04-15 (All new papers)
- NEP-EFF-2008-04-15 (Efficiency & Productivity)
- NEP-KNM-2008-04-15 (Knowledge Management & Knowledge Economy)
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