Direction of Causality in Innovation-Exporting Linkage: Evidence on Korean Manufacturing

Chin Hee Hahn and Chang-Gyun Park
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Chin Hee Hahn: Chin Hee HAHN Kyungwon University
Chang-Gyun Park: Chang-Gyun PARK Chung-Ang University

No DP-2012-07, Working Papers from Economic Research Institute for ASEAN and East Asia (ERIA)

Abstract: This paper examines various possible bi-directional causal relationships among exporting, innovation, and productivity utilizing plant-level data on Korean manufacturing. Based on both propensity score matching technique and three-variable panel VAR estimation, we find a significantly positive effect of exporting on new product introduction. The effect for the other direction of causality is estimated to be positive but not significant. Panel VAR estimation results suggest that plant productivity has a significantly positive effect on both exporting and new product introduction.

Pages: 39 pages.
Date: 2012-06-01
New Economics Papers: this item is included in nep-eff and nep-ino
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Citations: View citations in EconPapers (6)

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