RESEARCH AND DEVELOPMENT SPENDING AND EXPORT PERFORMANCE BY THE TECHNOLOGICAL INTENSITY OF THE PRODUCTS

• Authors: Bojnec Štefan , Imre Fertӧ
• Languages of publication: EN

Abstracts

EN

This article examines the effects of research and development (R&D) spending on merchandise export by low, medium-low, medium-high, and high technological intensity of the products between OECD countries by panel data econometric approaches using a gravity model. R&D spending is positively associated with merchandise exports, particularly for high technological intensity products in exporting countries. R&D spending can contribute to offsets the effect of distance on merchandise export, except for low technological intensity products. R&D spending fostered catching-up in merchandise export from developing to developed OECD countries in each technological intensity of the products, particularly for high and medium low technological intensity of the products and served in successful import penetration in medium-high and medium-low technological intensity of the products. R&D spending can play important role in strategies of export-oriented industrialization by a shift of merchandise exports towards higher technological intensity of the products and in successful import penetration.

Keywords

EN

MERCHANDISE EXPORTS; TECHNOLOGICAL INTENSITY; RESEARCH AND DEVELOPMENT; SPENDING; OECD COUNTRIES; PANEL DATA ANALYSIS

• Publisher: Institute of Slovak and World Economics and Institute for Forecasting, Slovak Academy of Sciences
• Journal: Ekonomický časopis (Journal of Economics)
• Year: 2014
• Volume: 62
• Issue: 10
• Pages: 1065 – 1080

Contributors

author

Bojnec Štefan

• University of Primorska, Faculty of Management, Cankarjeva 5, SI-6104 Koper, p.p. 345, Slovenia

author

Imre Fertӧ