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International Business Visits and the Technology Frontier

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Author Info
Dowrick, Steve () (Australian National University)
Tani, Massimiliano () (Macquarie University, Sydney)

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Abstract

This 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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Publisher Info
Paper provided by Institute for the Study of Labor (IZA) in its series IZA Discussion Papers with number 3417.

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Length: 23 pages
Date of creation: Mar 2008
Date of revision:
Handle: RePEc:iza:izadps:dp3417

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Related research
Keywords: international labour movements; face-to-face meetings; business trips; growth; productivity;

Find related papers by JEL classification:
F2 - International Economics - - International Factor Movements and International Business
J6 - Labor and Demographic Economics - - Mobility, Unemployment, and Vacancies

This paper has been announced in the following NEP Reports:

References listed on IDEAS
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  1. Cohen, Wesley M & Levinthal, Daniel A, 1989. "Innovation and Learning: The Two Faces of R&D," Economic Journal, Royal Economic Society, vol. 99(397), pages 569-96, September. [Downloadable!] (restricted)
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This page was last updated on 2009-11-23.

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