Macroeconomic competitiveness in the Europe of the Twelve: An application to 1969–93

Sara Barcenilla-Visús and Carmen López-Pueyo

International Advances in Economic Research, 2000, vol. 6, issue 4, 597-618

Abstract: This study offers an integrated view of the relationships between technology, trade, and economic growth. Inspired by the most recent neo-Schumpeterian and post-Keynesian proposals, an empirical model is constructed to analyze how technology affects trade, how trade determines the evolution of gross domestic product, and how this economic growth can increase the technological capacity of nations, reinitiating the virtuous circle of growth. The model is estimated using the new technique of simultaneous equations with panel data. The results provide great support for the technological gap trade theory and for the existence of Kaldorian cumulative causation processes in the Europe of the Twelve during the period 1969 to 1993. Copyright International Atlantic Economic Society 2000

Date: 2000
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DOI: 10.1007/BF02295372

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