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Technology, Growth and Trade: Schumpeterian Perspectives

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  • Fagerberg, Jan

Abstract

This is an attempt to apply Schumpeterian theory to the study of "international economics". The first chapter gives a brief out­ line of the Schumpeterian perspective, considers how it may apply (and has been applied) to the study of international economics and presents some preliminary hypotheses, to be further developed and tested in later chapters. Chapter 2 uses the Schumpeterian model of innovation-diffusion as a framework for the study of "why growth rates differ" between countries, while chapter 3 extends the analysis to include international trade - or "competitiveness" - as well. The main finding of chapters 2-3 is that differences in the growth of national technological activities, whether measured through R&D or patent statistics, contribute significantly to differences in economic growth and export performance across countries. Chapter 4, which focuses on the relation between innovation-diffusion, structural changes in world trade and export performance, extends the analysis of the preceding chapters to the multi-sector frame-work. The results show that the structural changes in world trade in the Post-War period were most favourable for countries with a high level of national technological activity, an advanced export structure and a large domestic market. However, the rapid growth in world trade in this period did at the same time allow countries on a lower level of economic and technological development to catch up through imitation and exploitation of cost-advantages. The countries least favourably affected were small countries with a high level of income and costs, but a relatively low level of national technological activity. Chapter 5 considers the problems of small, developed countries in more detail, using the Nordic countries as illustrations, while chapter 6 uses the same empirical material to discuss the implications of innovation-diffusion for changes in specialization patterns/intra-industry trade. The final chapter (7) contains summary and conclusions.

Suggested Citation

  • Fagerberg, Jan, 1988. "Technology, Growth and Trade: Schumpeterian Perspectives," MPRA Paper 59156, University Library of Munich, Germany.
  • Handle: RePEc:pra:mprapa:59156
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    File URL: https://mpra.ub.uni-muenchen.de/59156/1/MPRA_paper_59156.pdf
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    References listed on IDEAS

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    1. Balassa, Bela, 1986. "Intra-Industry specialization : A cross-country analysis," European Economic Review, Elsevier, vol. 30(1), pages 27-42, February.
    2. D. W. Jorgenson & Z. Griliches, 1967. "The Explanation of Productivity Change," Review of Economic Studies, Oxford University Press, vol. 34(3), pages 249-283.
    3. Anthony P. Thirlwall, 2011. "Balance of payments constrained growth models: history and overview," PSL Quarterly Review, Economia civile, vol. 64(259), pages 307-351.
    4. Fagerberg, Jan, 1987. "A technology gap approach to why growth rates differ," Research Policy, Elsevier, vol. 16(2-4), pages 87-99, August.
    5. Lancaster, Kelvin, 1980. "Intra-industry trade under perfect monopolistic competition," Journal of International Economics, Elsevier, vol. 10(2), pages 151-175, May.
    6. P. Tharakan, 1986. "The intra-industry trade of Benelux with the developing world," Review of World Economics (Weltwirtschaftliches Archiv), Springer;Institut für Weltwirtschaft (Kiel Institute for the World Economy), vol. 122(1), pages 131-149, March.
    7. John W. Kendrick, 1961. "Productivity Trends in the United States," NBER Books, National Bureau of Economic Research, Inc, number kend61-1, December.
    8. Moses Abramovitz, 1956. "Resource and Output Trends in the United States Since 1870," NBER Books, National Bureau of Economic Research, Inc, number abra56-1, December.
    9. Gary Hufbauer, 1970. "The Impact of National Characteristics & Technology on the Commodity Composition of Trade in Manufactured Goods," NBER Chapters,in: The Technology Factor in International Trade, pages 145-231 National Bureau of Economic Research, Inc.
    10. Michaely, Michael, 1977. "Exports and growth : An empirical investigation," Journal of Development Economics, Elsevier, vol. 4(1), pages 49-53, February.
    11. Anthony P. Thirlwall, 2011. "The Balance of Payments Constraint as an Explanation of International Growth Rate Differences," PSL Quarterly Review, Economia civile, vol. 64(259), pages 429-438.
    12. Finger, J M, 1975. "Trade Overlap and Intra-Industry Trade," Economic Inquiry, Western Economic Association International, vol. 13(4), pages 581-589, December.
    13. Cornwall, John, 1976. "Diffusion, Convergence and Kaldor's Laws," Economic Journal, Royal Economic Society, vol. 86(342), pages 307-314, June.
    14. Moses Abramovitz, 1956. "Resource and Output Trends in the United States Since 1870," NBER Chapters,in: Resource and Output Trends in the United States Since 1870, pages 1-23 National Bureau of Economic Research, Inc.
    15. Abramovitz, Moses, 1986. "Catching Up, Forging Ahead, and Falling Behind," The Journal of Economic History, Cambridge University Press, vol. 46(02), pages 385-406, June.
    16. Dixit, Avinash, 1987. " Issues of Strategic Trade Policy for Small Countries," Scandinavian Journal of Economics, Wiley Blackwell, vol. 89(3), pages 349-367.
    17. Smith, R P, 1977. "Military Expenditure and Capitalism," Cambridge Journal of Economics, Oxford University Press, vol. 1(1), pages 61-76, March.
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    Cited by:

    1. Wolff, Edward N., 1995. "Technological change, capital accumulation, and changing trade patterns over the long term," Structural Change and Economic Dynamics, Elsevier, vol. 6(1), pages 43-70, March.

    More about this item

    Keywords

    Technology; Innovation; Growth; Trade; Competitiveness; Schumpeterian;

    JEL classification:

    • F14 - International Economics - - Trade - - - Empirical Studies of Trade
    • F43 - International Economics - - Macroeconomic Aspects of International Trade and Finance - - - Economic Growth of Open Economies
    • O1 - Economic Development, Innovation, Technological Change, and Growth - - Economic Development
    • O33 - Economic Development, Innovation, Technological Change, and Growth - - Innovation; Research and Development; Technological Change; Intellectual Property Rights - - - Technological Change: Choices and Consequences; Diffusion Processes

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