Innovation and Export Volumes and Prices- A Disaggregated Study
The paper explores the role of innovation in the determination of both net exports and export prices. The analysis is conducted for 36 industry groups covering both manufacturers and services in the UK. The data are annual time series and these are analysed using the techniques of cointegration to establish the existence of significant time-series relationships between innovation and trade performance. Alternative econometric estimates of these relationships were obtained for 24 manufacturing industries using patents as the indicator of scientific advance and rising product quality in place of innovations. Patents provide a measure of relative technological performance of the United Kingdom, but for a smaller range of economic activities. The empirical findings support the view that successful R&D (which can raise product quality or reduce production costs) and good industrial relations (which improve a reliability of supply) have quantitatively significant impacts on the balance of trade in a variety of industries and services. Our findings also raise concern over issues of measurement quality for the monitoring of both input to and outputs from the R&D production process, which is critical for designing policy to improve performance.
(This abstract was borrowed from another version of this item.)
To our knowledge, this item is not available for
download. To find whether it is available, there are three
1. Check below under "Related research" whether another version of this item is available online.
2. Check on the provider's web page whether it is in fact available.
3. Perform a search for a similarly titled item that would be available.
|Date of creation:||1991|
|Contact details of provider:|| Postal: Manor Rd. Building, Oxford, OX1 3UQ|
Web page: http://www.economics.ox.ac.uk/
More information through EDIRC
When requesting a correction, please mention this item's handle: RePEc:oxf:wpaper:99107. See general information about how to correct material in RePEc.
For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: (Monica Birds)
If references are entirely missing, you can add them using this form.