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R&D Spillovers, Trade Integration and Expansion of Trade Flows in East -West Asia and Pacific

Author

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  • Seyed Komail Tayebi

    (Associate Professor, Department of Economics University of Isfahan)

  • Fereshte Eshraghi

    (M.A. in Economics, University of Isfahan)

Abstract

Globalization is a complementary pattern beyond borders that brings about international investment, foreign trade, expansion of information and technology, convergence of production and consumption and integration of financial markets. Economic integration is an aspect of globalization which causes a decrease in prejudicial preventions among countries. In addition, it leads to the simplification of more extensive consumption markets, proficiency in production, use of capital and financial sources, use of technology spillovers, access to foreign investment and international cooperation. In this paper we focus on spillovers, arising from R&D development, trade relations and technology transfer. This study investigates the relationship between R&D spillovers, trade integration and their cross effects on expansion of trade flows in East - West Asia and Pacific. Accordingly, we use an augmented gravity trade model and estimate it the panel data approach to analyze the impacts of R&D spillovers and other determinants on bilateral trade relations among the selected Asia-Pacific countries over the period of 1995-2008. The results indicate that R&D spillovers and integration accelerate the trade flows.

Suggested Citation

  • Seyed Komail Tayebi & Fereshte Eshraghi, 2010. "R&D Spillovers, Trade Integration and Expansion of Trade Flows in East -West Asia and Pacific," Iranian Economic Review (IER), Faculty of Economics,University of Tehran.Tehran,Iran, vol. 15(2), pages 1-15, spring.
    • Handle: RePEc:eut:journl:v:15:y:2010:i:2:p:1
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    References listed on IDEAS

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    3. I-Hui Cheng & Howard J. Wall, 2005. "Controlling for heterogeneity in gravity models of trade and integration," Review, Federal Reserve Bank of St. Louis, vol. 87(Jan), pages 49-63.
    4. Anderson, James E, 1979. "A Theoretical Foundation for the Gravity Equation," American Economic Review, American Economic Association, vol. 69(1), pages 106-116, March.
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    Cited by:

    1. Hwa-Taek Lee & Gawon Yoon, 2013. "Does purchasing power parity hold sometimes? Regime switching in real exchange rates," Applied Economics, Taylor & Francis Journals, vol. 45(16), pages 2279-2294, June.

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