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International Business Visits and the Technology Frontier

Author

Listed:
  • Dowrick, Steve

    () (Australian National University)

  • Tani, Massimiliano

    () (University of New South Wales)

Abstract

This paper studies the impact of international business trips on the stock of knowledge available to an economy. It develops a theoretical model to analyse the possible effects, and presents an empirical application using productivity data for a panel of twelve Australian industries during 1991/2-2005/6. Business trips emerge as a significant source of productivity growth. As the knowledge transferred through business visits is non-rival, both countries of origin and destination can gain from the human capital of travellers. As a result, even countries traditionally disadvantaged by geography, size, or level of economic development have the opportunity to access the latest technology and information to stimulate growth.

Suggested Citation

  • Dowrick, Steve & Tani, Massimiliano, 2008. "International Business Visits and the Technology Frontier," IZA Discussion Papers 3417, Institute for the Study of Labor (IZA).
  • Handle: RePEc:iza:izadps:dp3417
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    References listed on IDEAS

    as
    1. Sid Shanks & Simon Zheng, 2006. "Econometric Modelling of R&D and Australia's Productivity," Staff Working Papers 0604, Productivity Commission, Government of Australia.
    2. Cohen, Wesley M & Levinthal, Daniel A, 1989. "Innovation and Learning: The Two Faces of R&D," Economic Journal, Royal Economic Society, vol. 99(397), pages 569-596, September.
    3. John C. Driscoll & Aart C. Kraay, 1998. "Consistent Covariance Matrix Estimation With Spatially Dependent Panel Data," The Review of Economics and Statistics, MIT Press, vol. 80(4), pages 549-560, November.
    4. Giovanni Dosi & Christopher Freeman & Richard Nelson & Gerarld Silverberg & Luc Soete (ed.), 1988. "Technical Change and Economic Theory," LEM Book Series, Laboratory of Economics and Management (LEM), Sant'Anna School of Advanced Studies, Pisa, Italy, number dosietal-1988, August.
    5. Thomas Barnebeck Andersen & Carl-Johan Dalgaard, 2006. "Cross-Border Flows of People, Technology Diffusion and Aggregate Productivity," DEGIT Conference Papers c011_006, DEGIT, Dynamics, Economic Growth, and International Trade.
    6. Edward Anderson, 2007. "Travel and communication and international differences in GDP per capita," Journal of International Development, John Wiley & Sons, Ltd., vol. 19(3), pages 315-332.
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    Citations

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    Cited by:

    1. Nune Hovhannisyan & Wolfgang Keller, 2015. "International business travel: an engine of innovation?," Journal of Economic Growth, Springer, vol. 20(1), pages 75-104, March.
    2. Piva, Mariacristina & Tani, Massimiliano & Vivarelli, Marco, 2017. "The Productivity Impact of Business Mobility: International Evidence," GLO Discussion Paper Series 14, Global Labor Organization (GLO).
    3. Tomohiro MACHIKITA & Yasushi UEKI, 2013. "Who Disseminates Technology to Whom, How, and Why: Evidence from Buyer-Seller Business Networks," Working Papers DP-2013-26, Economic Research Institute for ASEAN and East Asia (ERIA).
    4. Jacques Poot, 2015. "Cross-border migration and travel: A virtuous relationship," IZA World of Labor, Institute for the Study of Labor (IZA), pages 209-209, November.
    5. Norasingh, Xaysomphet & Machikita, Tomohiro & Ueki, Yasushi, 2015. "South-South technology transfer to Laos through face-to-face contacts," Journal of Business Research, Elsevier, vol. 68(7), pages 1420-1425.
    6. Piva, Mariacristina & Tani, Massimiliano & Vivarelli, Marco, 2016. "Business Visits, Knowledge Diffusion and Productivity," IZA Discussion Papers 10421, Institute for the Study of Labor (IZA).
    7. Tani, Massimiliano & Joyeux, Roselyne, 2013. "Do Business Visits Cause Productivity Growth?," IZA Discussion Papers 7827, Institute for the Study of Labor (IZA).
    8. Piva, Mariacristina & Tani, Massimiliano & Vivarelli, Marco, 2017. "Labour mobility through business visits as a way to foster productivity," MERIT Working Papers 004, United Nations University - Maastricht Economic and Social Research Institute on Innovation and Technology (MERIT).
    9. Christiane Hellmanzik, 2013. "Does travel inspire? Evidence from the superstars of modern art," Empirical Economics, Springer, vol. 45(1), pages 281-303, August.
    10. Thomas Andersen & Carl-Johan Dalgaard, 2011. "Flows of people, flows of ideas, and the inequality of nations," Journal of Economic Growth, Springer, vol. 16(1), pages 1-32, March.

    More about this item

    Keywords

    business trips; face-to-face meetings; international labour movements; growth; productivity;

    JEL classification:

    • F2 - International Economics - - International Factor Movements and International Business
    • J6 - Labor and Demographic Economics - - Mobility, Unemployment, Vacancies, and Immigrant Workers

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