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Economic gains from technology-intensive trade: an empirical assessment
Authors:Daniels   P
Affiliation:School of Australian Environmental Studies, Griffith University, Nathan 4111, Brisbane, Australia
E-mail: p.daniels@ens.gu.edu.au
Abstract:National investment in technological activity is commonly justifiedin terms of the positive impacts upon productivity, internationalcompetitiveness and related aspects of national economic performance.This premise has found a supportive theoretical framework inthe new technology and growth models. Based on extended technology-gapmodels, this study examines cross-country empirical evidenceon the relationship between technology-intensive trade performance(as a proxy for technological output) and per capita economicperformance, utilising 1978 to 1992 data for around 45 nations.The results provide some support for a positive relationshipbetween trade performance and economic returns. However, theweak and often inconsistent results suggest that the unconditionalpursuit of technology-intensive trade improvements may not necessarilyhave the expected net benefits.
Keywords:Technology   International trade   Economic welfare  Growth.
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