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Innovation – The Key Factor in Global Trade Flow

Author

Listed:
  • Nicolae MOROIANU

    (The Bucharest Academy of Economic Studies, Romania)

  • Daniel BELINGHER

    (The Bucharest Academy of Economic Studies, Romania)

Abstract

This paper presents in its first part several theoretical approaches on the impact that the innovative factor has globally on the trade circuit. The last part of the paper reveals a quantitative approach of this matter, using an econometric study, which emphasizes the gross expenditures allocated for R & D in European Union and also the exports level towards areas outside EU, during 2002-2009.

Suggested Citation

  • Nicolae MOROIANU & Daniel BELINGHER, 2011. "Innovation – The Key Factor in Global Trade Flow," Economia. Seria Management, Faculty of Management, Academy of Economic Studies, Bucharest, Romania, vol. 14(2), pages 304-309, December.
    • Handle: RePEc:rom:econmn:v:14:y:2011:i:2:p:304-309
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    Cited by:

    1. Luoana Florentina Pascu & Bogdan Pascu & Dumitru Alexandru Bodislav, 2015. "The evolution of macro-risk in EU11 area seen from Business Intelligence side," International Journal of Academic Research in Business and Social Sciences, Human Resource Management Academic Research Society, International Journal of Academic Research in Business and Social Sciences, vol. 5(2), pages 114-121, February.

    More about this item

    Keywords

    innovation; research-development; trade.;
    All these keywords.

    JEL classification:

    • O31 - Economic Development, Innovation, Technological Change, and Growth - - Innovation; Research and Development; Technological Change; Intellectual Property Rights - - - Innovation and Invention: Processes and Incentives
    • O32 - Economic Development, Innovation, Technological Change, and Growth - - Innovation; Research and Development; Technological Change; Intellectual Property Rights - - - Management of Technological Innovation and R&D
    • O52 - Economic Development, Innovation, Technological Change, and Growth - - Economywide Country Studies - - - Europe

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