Business Services,Trade,and Research Intensity

Chu-Ping Lo and Chih-Hai Yang

Hitotsubashi Journal of Economics, 2020, vol. 61, issue 1, 38-59

Abstract: This paper constructs a theoretical framework of trade to investigate how business services function as a mean of reducing costs and then encouraging research activities. Our theoretical model predicts that a country with a higher degree of business service specialization tends to have higher research intensity andsubsequently higher income. Using a panel dataset for 38 countries over the period1996-2015 to test the theoretical predictions, various robust estimations support our theoretical predictions.

Keywords: trade; technology; research intensity; business services (search for similar items in EconPapers)
JEL-codes: F11 F17 O31 O33 (search for similar items in EconPapers)
Date: 2020
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Citations: View citations in EconPapers (1)

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Persistent link: https://EconPapers.repec.org/RePEc:hit:hitjec:v:61:y:2020:i:1:p:38-59

DOI: 10.15057/hje.2020003

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