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Technological Revolutions, Innovations, and Trade Performance

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  • Jakob B. Madsen

    (Institute of Economics, University of Copenhagen)

Abstract

This paper addresses two puzzles in international trade, namely why traditional estimates of income elasticities of exports are implausibly high and why the export growth varies much more markedly across countries than can be explained by price competitiveness and variations in income in export markets. Using data for 18 OECD countries it is shown that integration, the level of technology and the technological competitive position can, to a large degree, explain these two puzzles.

Suggested Citation

  • Jakob B. Madsen, 2004. "Technological Revolutions, Innovations, and Trade Performance," EPRU Working Paper Series 04-12, Economic Policy Research Unit (EPRU), University of Copenhagen. Department of Economics.
    • Handle: RePEc:kud:epruwp:04-12
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    File URL: http://web.econ.ku.dk/epru/files/wp/wp-04-12.pdf
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    References listed on IDEAS

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    1. Carlin, Wendy & Glyn, Andrew & Van Reenen, John, 2001. "Export Market Performance of OECD Countries: An Empirical Examination of the Role of Cost Competitiveness," Economic Journal, Royal Economic Society, vol. 111(468), pages 128-162, January.
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    Cited by:

    1. Frenkel Michael & Zimmermann Lilli, 2020. "What Drives Germany's Exports?," International Journal of Management and Economics, Warsaw School of Economics, Collegium of World Economy, vol. 56(2), pages 99-108, June.
    2. Frenkel Michael & Zimmermann Lilli, 2020. "What Drives Germany's Exports?," International Journal of Management and Economics, Warsaw School of Economics, Collegium of World Economy, vol. 56(2), pages 99-108, June.

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    More about this item

    Keywords

    technology; external patents; product variety; trade; ICT revolution;
    All these keywords.

    JEL classification:

    • F10 - International Economics - - Trade - - - General
    • O30 - Economic Development, Innovation, Technological Change, and Growth - - Innovation; Research and Development; Technological Change; Intellectual Property Rights - - - General

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