Trade and the impact of innovations and standards: the case of Germany and the UK |
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| Authors: | Knut Blind Andre Jungmittag |
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| Institution: | 1. Fraunhofer Institute for Systems and Innovation Research ISI , Breslauer Strasse 48, 76139 Karlsruhe, Germany;2. Macroeconomic Theory and Policy , FBB, University of Wuppertal , Gau?stra?e 20, 42119 Wuppertal, Germany |
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| Abstract: | The effects of patents as indicators for innovations and standards on German trade performance are analysed in general and German–British trade in detail. The latter analysis goes a step further than the approach of Swann et al. () and is based on a broader and more detailed database. The results show that Germany's export performance can primarily be explained by its innovative capacity and only to a small extent by its strength in standards. Furthermore, the results underscore the common view of the trade-fostering effect of international standards, while ‘idiosyncratic' standards have ambiguous effects on exports. |
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