Innovation – The Key Factor in Global Trade Flow
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.
Volume (Year): 14 (2011)
Issue (Month): 2 (December)
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