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Technology, investment and trade: empirical evidence for five Asia-Pacific countries

  • Gary Madden
  • Scott Savage
  • Su Yin Thong

Traditional models of international trade flows find that prices explain significant growth in export market shares. In the new international trade theory nonprice factors are seen to be of great importance for the explanation of trade. Following Magnier and Toujas-Bernate (Weltwirtschaftliches Archiv., 130, 1994), this study introduces nonprice factors, namely gross fixed investment and technology (number of patents accepted), into the export market share equation. Empirical estimation is carried out on five Asia-Pacific countries for the period 1978 to 1993. Results are similar to those of Magnier and Toujas-Bernate (1994) for the OECD, which show that nonprice factors have played an important role in determining export market share during the last decade.

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Article provided by Taylor & Francis Journals in its journal Applied Economics Letters.

Volume (Year): 6 (1999)
Issue (Month): 6 ()
Pages: 361-363

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Handle: RePEc:taf:apeclt:v:6:y:1999:i:6:p:361-363
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  1. Antoine Magnier & Joël Toujas-Bernate, 1994. "Technology and trade: Empirical evidences for the major five industrialized countries," Review of World Economics (Weltwirtschaftliches Archiv), Springer, vol. 130(3), pages 494-520, September.
  2. Barbara J. Spencer & James A. Brander, 1983. "International R&D Rivalry and Industrial Strategy," NBER Working Papers 1192, National Bureau of Economic Research, Inc.
  3. Krugman, Paul, 1983. "New Theories of Trade among Industrial Countries," American Economic Review, American Economic Association, vol. 73(2), pages 343-47, May.
  4. Conlon, R M, 1992. "Determinants of Manufacturing Industry Exports: A Comparative Study of Australia, Republic of Korea, Singapore and Taiwan," Australian Economic Papers, Wiley Blackwell, vol. 31(59), pages 427-42, December.
  5. Jan Fagerberg, 1988. "International Competitiveness," Working Papers Archives 1988001, Centre for Technology, Innovation and Culture, University of Oslo.
  6. Glaeser, Edward Ludwig & Kallal, Hedi D. & Scheinkman, Jose A. & Shleifer, Andrei, 1992. "Growth in Cities," Scholarly Articles 3451309, Harvard University Department of Economics.
  7. Paul Krugman, 1988. "Differences In Income Elasticities and Trends in Real Exchange Rates," NBER Working Papers 2761, National Bureau of Economic Research, Inc.
  8. Bart Verspagen & Katharine Wakelin, 1997. "Trade and Technology from a Schumpeterian Perspective," International Review of Applied Economics, Taylor & Francis Journals, vol. 11(2), pages 181-194.
  9. M. Landesmann & M. Pfaffermayr, 1997. "Technological competition and trade performance," Applied Economics, Taylor & Francis Journals, vol. 29(2), pages 179-196.
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