Innovation and Export Volumes and Prices- A Disaggregated Study
AbstractThis paper explores the role of innovation in the determination of both net exports and export prices. The analysis is conducted for thirty-six industry groups covering both manufacturers and services in the United Kingdom. The data are annual time series and these are analyzed using the techniques of cointegration to establish the existence of significant time-series relationships between innovation and trade performance. Innovation was measured by survey data and by patent statistics. The empirical findings support the view that successful R&D has a quantitatively significant impact on the balance of trade in a variety of industries and services. Copyright 1994 by Royal Economic Society.
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Bibliographic InfoPaper provided by University of Oxford, Department of Economics in its series Economics Series Working Papers with number 99107.
Length: 33 pages
Date of creation: 1991
Date of revision:
innovations ; international trade ; economic models;
Other versions of this item:
- Greenhalgh, Christine & Taylor, Paul & Wilson, Rob, 1994. "Innovation and Export Volumes and Prices--A Disaggregated Study," Oxford Economic Papers, Oxford University Press, vol. 46(1), pages 102-35, January.
- Greenhalgh, Christine Anne & Taylor, Paul, 1990. "Innovation and Export Volumes and Prices: A Disaggregated Study," CEPR Discussion Papers 487, C.E.P.R. Discussion Papers.
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