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

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Bojnec Š., Fertӧ I.
Ekonomický časopis (Journal of Economics)
|
2014
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vol. 62
|
issue 10
1065 – 1080
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.
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